Doubleview Gold Corp. Secures $750,000 for Exploration Projects in British Columbia
- Doubleview Gold Corp. raised $750,000 through a private placement to fund exploration in British Columbia.
- The funding will support geological assessments and development at the Hat and Red Spring projects.
- The company aims to enhance its resource portfolio focusing on critical minerals for technology and green energy.
Doubleview Gold Corp. Secures Funding for Exploration Projects in British Columbia
Doubleview Gold Corp. (TSXV: DBG) announces the successful closure of a non-brokered private placement, generating $750,000 through the issuance of 1,000,000 flow-through shares priced at $0.75 each. This financing is strategically intended to bolster exploration initiatives at the company’s key projects in British Columbia, particularly the polymetallic Hat Project located in northwestern BC and the copper-silver-zinc Red Spring project situated in central BC. By focusing on these projects, Doubleview aims to enhance its resource portfolio, tapping into the growing demand for critical minerals essential for technology and green energy advancements.
The exploration activities funded by this private placement will encompass various geological assessments, including drilling, ground induced polarization (IP) surveys, and expert geological advisory services. The Hat Deposit, which is recognized as a significant polymetallic porphyry project, holds substantial quantities of copper, gold, cobalt, and potential scandium resources. With an estimated resource range of 300 to 500 million tonnes at an average grade of 40 parts per million for scandium, this project positions Doubleview as a key player in the mining sector focused on critical minerals. The company's commitment to advancing these projects reflects its broader strategy to leverage growing market trends in sustainable and technology-driven resource extraction.
In conjunction with the private placement, Doubleview Gold Corp. plans to issue 57,217 finder's shares at an average price of $0.66. All securities from this offering will be subject to resale restrictions and a hold period of four months and one day, pending regulatory approval from the TSX Venture Exchange. The company’s dedication to exploration and development is underscored by its strategic focus on critical minerals, which are increasingly pivotal in the face of global shifts toward renewable energy and technological innovations.
Additionally, Doubleview Gold Corp. continues to emphasize the importance of shareholder value through its exploration and acquisition strategies. The support from long-term shareholders and institutional investors further strengthens the company's position in the competitive mining landscape. Under the leadership of President and CEO Farshad Shirvani, Doubleview remains committed to its vision of becoming a leading explorer and developer of precious and base metals across North America, with a particular emphasis on the critical minerals that are vital for future industries.