Prospect Ridge closes first critical-minerals flow-through tranche
The company raised C$1.345 million gross from 17.94 million flow-through units; proceeds are earmarked for British Columbia projects.
Event / data period: 2026-10-13
Published: · Updated:
Prospect Ridge Resources announced on October 13 the first closing of its critical-minerals flow-through financing. It sold 17,935,002 units at C$0.075 each for gross proceeds of C$1,345,125.15.
Proceeds will fund exploration and development expenditures on the company’s British Columbia mineral projects. Prospect Ridge cited a planned 2,500-metre drill program at Camelot near Horsefly and preparations for work at Excalibur. This is a financing closing, not evidence that drilling has occurred or produced a discovery.
Data
Gross proceeds from the first financing tranche
Gross amount from the sale of 17,935,002 flow-through units.
- First-tranche gross financing proceeds
- 1.345 million CAD
- 2026-10-13 · Observed
Methodology
The amount expresses the company-reported C$1,345,125.15 gross proceeds in millions of Canadian dollars; fees and expenses are not deducted.
Updated:
Gross proceeds from the first financing tranche
Gross amount from the sale of 17,935,002 flow-through units.
- · Occurred
First financing tranche closed
Prospect Ridge raised gross proceeds by selling 17,935,002 units; the source describes Camelot drilling as planned work.
Methodology
The amount expresses the company-reported C$1,345,125.15 gross proceeds in millions of Canadian dollars; fees and expenses are not deducted.
Updated:
Subjects and places
Subject proposals
- Business enterpriseSuggested
- Preserved editorial category/topic; broad candidate onlywww.accessnewswire.com ↗
- Metal and mineral mining and refiningSuggested
- Subject suggested from the title or summary: mineralswww.accessnewswire.com ↗
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- Canada · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
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