- Teuton Resources (TSXV:TUO) closed a C$1.6 million non-brokered private placement, including participation from top Canadian mining investor Eric Sprott
- Teuton is a mineral prospect generator with interests in more than twenty properties in British Columbia’s mineral-rich Golden Triangle region
- The Canadian gold stock has given back 11.88 per cent year-over-year and 79.01 per cent since 2020
Canadian gold explorer Teuton Resources (TSXV:TUO) closed a C$1.6 million non-brokered private placement, including participation from top Canadian mining investor Eric Sprott.
This content has been prepared as part of a partnership with Teuton Resources Corp., and is intended for informational purposes only.
The company issued 2 million units priced at C$0.80, with each unit composed of one share and half a warrant, and each warrant entitling the owner to purchase one share for C$1.20 up to two years from closing.
Sprott acquired 660,000 units for C$528,000 through 2176423 Ontario Ltd., a corporation he beneficially owns, joining Dino Cremonese, Teuton’s president, who acquired 100,000 units. According to Tuesday’s news release, Sprott is a company insider, meaning he owns at least 10 per cent of Teuton Resources shares.
Teuton will allocate the proceeds to working capital and to exploring its sizeable portfolio in British Columbia’s Golden Triangle, which includes:
- A 20 per cent carried interest in the Treaty Creek project, one of the largest gold discoveries over the past three decades, in addition to a 0.98 per cent net smelter returns (NSR) royalty covering the project’s flagship Goldstorm gold-silver-copper deposit and a 0.49 per cent royalty in the peripheral claims, neither subject to a buyback.
- Numerous royalties in claim packages south of Seabridge Gold’s KSM property, the world’s largest undeveloped gold project by resources.
- Additional royalties south of Newmont Mining’s Brucejack property, one of the world’s highest-grade gold mines in production, generating 286,000 ounces in fiscal 2023.
The TSXV conditionally approved the transaction on July 25, 2025, subject to satisfactory closing, with no finder’s fees or commissions associated with the final amount raised.
The news follows May’s spinout of Luxor Metals, to which Teuton allocated 20,481 hectares in mineral claims in northwestern British Columbia.
About Teuton Resources
Teuton is a mineral prospect generator with interests in more than twenty properties in British Columbia’s mineral-rich Golden Triangle region.
The Canadian gold stock (TSXV:TUO) is up by 2.3 per cent on the news trading at C$0.89 as of 10:27 am ET. The stock has given back 11.88 per cent year-over-year and 79.01 per cent since 2020.
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