- Barrick Mining (TSX:ABX) will take a 9.9 per cent non-diluted stake in Kingfisher Metals (TSXV:KFR), picking up 15,470,934 units priced at C$1.35 for C$20.8 million in a non-brokered private placement.
- Kingfisher Metals is a Canadian-based junior copper and gold mining company advancing one of the largest land positions in British Columbia’s Golden Triangle.
- Kingfisher Metals stock last traded at C$1.03 and has added 243.33 per cent year-over-year.
Barrick Mining (TSX:ABX), one of the world’s top gold companies, will take a 9.9 per cent non-diluted stake in Kingfisher Metals (TSXV:KFR), picking up 15,470,934 units priced at C$1.35 for C$20.8 million in a non-brokered private placement.
Each unit consists of one Kingfisher common share and one half of a common share purchase warrant, with each warrant entitling the holder to purchase one share for C$1.70 for two years from issuance.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Kingfisher has agreed to deploy at least 80 per cent of the capital infusion for exploration and development at its HWY 37 project in BC, with the balance going towards general working capital and other purposes.
The 849-square-kilometre project, located in BC’s prolific Golden Triangle, hosts extensive porphyry copper-gold and epithermal gold-silver mineralization, including at least 11 high-priority targets worth further delineation.
According to Tuesday’s news release, the transaction is expected to close by July 27, 2026.
All securities issued will carry a four-month-and-one-day hold period in accordance with Canadian securities law.
Leadership commentary
“We are very pleased to welcome Barrick as a strategic shareholder of Kingfisher, following their extensive due diligence,” Dustin Perry, President, Chief Executive Officer and Director of Kingfisher Metals, said in a statement. “This strategic investment is an endorsement of the prospectivity of our Golden Triangle land position and our technical team’s ability to execute. Post-closing, the company will have approximately C$47 million in cash, providing us with the flexibility to fund aggressive ongoing exploration programs aimed at delineating copper-gold mineralization at our recent Hank Porphyry discovery and throughout the extensive Golden Triangle land position. We believe the HWY 37 project has the potential to deliver multiple discoveries, and we welcome the support and mining experience that Barrick brings to the company.”
About Kingfisher Metals
Kingfisher Metals is a Canadian-based junior mining company after copper and gold in British Columbia’s Golden Triangle. The company holds one of the largest land positions in the region, coming in at more than 1,000 square kilometres.
Kingfisher Metals stock (TSXV:KFR) last traded at C$1.03 and has added 243.33 per cent year-over-year.
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