- Headwater Gold (CSE:HWG) is hoping to raise up to C$1 million through a non-brokered private placement
- The company has secured lead investments from existing shareholders and well-respected junior mining experts Jeff Phillips, President of Global Market Development, and billionaire investor and speculator, Rick Rule
- Headwater Gold is a mineral exploration company after high-grade precious metal deposits in the Western United States
- Headwater Gold stock has added 88.89 per cent year-over-year
Headwater Gold (CSE:HWG) is hoping to raise up to C$1 million through a non-brokered private placement, having secured lead investments from existing shareholders and well-respected junior mining experts Jeff Phillips, President of Global Market Development, and Rick Rule, the famed billionaire investor and speculator, whose career in natural resources spans almost five decades.
This content has been prepared as part of a partnership with Headwater Gold Inc., and is intended for informational purposes only.
The financing, consisting of up to 3,333,333 units priced at C$0.30, will support exploration at Headwater’s 100-per-cent-owned gold projects in the Western United States, in addition to project generation and general working capital.
The company is currently drill-testing numerous projects in Nevada, including the Spring Peak and Lodestar projects, both under earn-in agreements with major miner Newmont Corporation (TSX:NGT).
Financing details
Each unit consists of one common share and one non-transferable share purchase warrant, with each warrant exercisable into one additional share priced at C$0.50 for 36 months.
Headwater Gold may accelerate the warrants’ expiry date, with 30 days’ notice, if its weighted average closing stock price equals or exceeds C$0.75 for 20 consecutive trading days.
The shares underlying the units and acceleration trigger for the warrants will be subject to a one-year holding period.
Leadership insights
“We are very pleased to announce strategic investments in Headwater Gold by Rick Rule and Jeff Phillips, two highly respected figures in the natural resource investment community,” Caleb Stroup, Headwater Gold’s president and chief executive officer, said in Thursday’s news release. “Their participation represents a strong vote of confidence in our team, corporate structure and overall business strategy. This financing will provide us with additional capital to accelerate our ongoing generative activities in the Western U.S. and continue executing our proven model in one of the world’s premier mining jurisdictions.”
“The prospect generator model has served me extremely well over the years, and I believe Headwater Gold is executing this model with financial discipline and technical excellence,” added Rick Rule. “I am fortunate to be a shareholder and look forward to hosting the company at the 2026 Rick Rule Symposium in Boca Raton, Florida.”
About Headwater Gold
Headwater Gold is a mineral exploration company after high-grade precious metal deposits in the Western United States. The company operates a large portfolio of epithermal vein projects, and is backed by a technical team with substantial major mining and capital markets experience. Centerra Gold and Newmont Corporation own strategic interests in the company.
Headwater Gold stock (CSE:HWG) last traded at C$0.34. The stock has added 88.89 per cent year-over-year.
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