Northisle Copper and Gold announced a total financing of up to $115 million through a combination of brokered and non-brokered offerings to support development of its North Island Project in British Columbia.
The Vancouver-based mining company said the financing includes a non-brokered private placement with Wheaton Precious Metals for approximately $5 million, involving the issuance of 1,639,300 common shares priced at $3.05 per share.
In addition, the company confirmed that agents led by Paradigm Capital exercised their option to sell an additional 2,229,700 common shares at the same price, raising another approximately $6.8 million.
The brokered offering will consist of up to 35,016,700 common shares through a public offering and up to 1,050,000 common shares through a brokered private placement. In total, the combined offerings could result in the issuance of up to 37,706,000 common shares, generating gross proceeds of up to $115,003,300.
Northisle said the net proceeds from the financing will be used to advance development of its projects and for general corporate and working capital purposes.
Closing of the offerings is expected on or about March 6, 2026, subject to regulatory approvals including approval from the TSX Venture Exchange and other customary closing conditions.
Northisle Copper and Gold is a Vancouver-based mineral exploration and development company focused on copper and gold resources. Through its wholly owned subsidiary North Island Mining Corp., the company owns the North Island Project near Port Hardy in British Columbia. The project spans more than 34,000 hectares and lies along a mineral belt extending roughly 50 kilometers northwest from the former Island Copper Mine previously operated by BHP Billiton.
Since 2021, the company has identified two significant deposits within the project area, expanded mineral resources and demonstrated the economic potential of the site as it moves toward development.
