- REV Exploration (TSXV:REVX) secured a C$4 million non-brokered private placement with Eric Sprott, one of Canada’s most decorated mining investors.
- The junior mining company is advancing a diversified portfolio of helium and natural hydrogen projects in Western Canada and the Western United States.
- REV Exploration stock last traded at C$1.10 and has added 292.86 per cent year-over-year.
REV Exploration (TSXV:REVX), a junior helium and hydrogen company, secured a C$4 million non-brokered private placement with Eric Sprott, one of Canada’s most decorated mining investors.
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.
The company will issue 4,210,526 units priced at C$0.95 each to 2176423 Ontario Ltd., a corporation under Sprott’s control, increasing his existing investment to more than 10 per cent of shares outstanding.
Each unit consists of one REV Exploration share and one-half of one share purchase warrant, with each warrant entitling Sprott to purchase an additional share for C$1.20 for 24 months from the capital raise’s closing date.
Proceeds will go towards general working capital as well as exploration activities across REV’s recently expanded ~19,000-acre portfolio, which is highlighted by the drill-ready Aden Dome project along the Alberta-Montana border, whose numerous avenues towards helium and natural hydrogen exploration upside are top of mind for the company.
The private placement is expected to close by May 29, 2026.
All securities issued will come with a holding period of four months plus one day as required by Canadian securities law.
Leadership commentary
“Mr. Eric Sprott’s continued support is a strong endorsement of REV’s strategy and the significant potential of our exploration portfolio,” Jordan Potts, Chief Executive Officer of REV Exploration, said in Friday’s news release. “The proceeds from the private placement will allow us to accelerate exploration and development activities across our helium and natural hydrogen assets at a time when global demand for secure, domestic sources of these commodities continues to grow. We believe these resources are becoming increasingly strategic in the evolving energy and technology landscape, and REV is well-positioned to capture that opportunity.”
About REV Exploration
REV is a junior mining company advancing a diversified portfolio of helium and natural hydrogen projects in Western Canada and the Western United States.
REV Exploration stock (TSXV:REVX) last traded at C$1.10 and has added 292.86 per cent year-over-year.
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