Low-leverage Balance SheetA low debt-to-equity ratio and sizable equity base provide durable financial flexibility for a pre-revenue miner. This supports funding exploration and early construction without heavy interest burdens, lowering insolvency risk and giving time to execute multi-year project plans.
Secured Sizable Development FinancingA completed C$86.5M offering materially extends runway and funds capital-intensive project phases. Durable impact: reduced immediate refinancing pressure allows multi-stage asset advancement, lowers short-term dilution risk, and increases probability of moving toward revenue if execution remains on plan.
Advancing Project Pipeline (Norway, California, Acquisitions)Concrete progress on feasibility, drilling and initial construction is a structural de-risking of assets. Moving projects through development milestones increases the odds of near-term resource conversion, strengthens the company’s asset base, and creates optionality for future production and strategic transactions.