- Laurion Mineral Exploration (TSXV:LME) is offering up to C$1.6 million in flow-through shares, seeking to backstop 2026 exploration at its flagship Ishkõday project in Ontario, whose potentially significant upside makes a strong case for untapped value
- Laurion is a junior mining stock focused on developing its gold-rich polymetallic 57-square-kilometre Ishkõday project in Ontario
- The junior gold stock has given back 36.05 per cent year-over-year but remains up by 37.50 per cent since 2020
Laurion Mineral Exploration (TSXV:LME) is offering up to C$1.6 million in flow-through shares, seeking to backstop 2026 exploration at its flagship Ishkõday project in Ontario, whose potentially significant upside makes a strong case for untapped value.
The capital raise, offered on a non-brokered basis, includes up to 4,848,485 units priced at C$0.33, consisting of one flow-through common share and half a share purchase warrant, with each warrant entitling the holder to purchase one non-flow-through share for C$0.39 for 24 months from the date of issuance.
Ishkõday’s 2026 exploration program will test for continuity and extensions from the A-Zone to the McLeod and CRK corridor, representing 1.9 km of strike length rich in gold and base metals, as well as in the nearby orogenic Sturgeon River mine area within the property’s main 6 x 2.5 km mineralized corridor.
The project’s potential to house a significant gold, silver, copper and zinc system, validated over multiple years and approximately 100,000 metres of drilling, coupled with a depressed share price, despite gold’s recent run-up to all-time-highs, makes Laurion a must-consider stock for investors keen on the dual benefit of flow-through shares; in this case, high-quality, potentially undervalued junior mining exposure, leveraged through an income tax reduction equal to the amount invested.
According to Wednesday’s news release, the offering is expected to close by December 19, subject to regulatory approvals.
About Laurion Mineral Exploration
Laurion is a junior mining stock focused on developing its gold-rich polymetallic 57-square-kilometre Ishkõday project in Ontario.
The junior gold stock (TSXV:LME) is unchanged trading at C$0.28 as of 9:54 am ET. The stock has given back 36.05 per cent year-over-year but remains up by 37.50 per cent since 2020.
Join the discussion: Find out what investors are saying about this junior Canadian gold miner’s flow-through shares offering on the Laurion Mineral Exploration Inc. Bullboard and make sure to explore the rest of Stockhouse’s stock forums and message boards.
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