on 55 North Mining Inc. (CVE:FFF)
55 North Mining Closes Flow-Through Financing
On February 27, 2026, 55 North Mining Inc. successfully completed its previously announced non-brokered flow-through private placement. The company issued 1,702,800 flow-through common shares at $0.745 each, resulting in gross proceeds of $1,268,586.02. These shares offer tax benefits under Canada's Income Tax Act. No warrants were involved, and a four-month hold period applies.
The funds will support Canadian exploration expenses at 55 North's Last Hope Gold Project in Manitoba. Currently, exploration drilling is active, with one drill rig in operation. The company plans to release more detailed operational updates soon.
R. E.
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