Roxmore Resources to Raise C$30 Million for Gold Project

Roxmore Resources Inc. has announced a non-brokered private placement aimed at raising C$30 million. This financial move focuses on advancing the Converse Gold Project in Nevada, USA. The placement comprises 12.5 million common shares at C$2.40 each, with high-profile investors like L1 Capital participating.

Funds will primarily be allocated to accelerate the Preliminary Economic Assessment and the Pre-feasibility Study. Key efforts include 30,000 meters of drilling and re-assaying to incorporate silver grades in future estimates. Additional plans cover baseline environmental studies and technical evaluations.

Expected to close by February 27, 2026, this initiative underscores a significant step for Roxmore, banking on long-term investor alignment for its flagship project. The closing awaits regulatory approvals from the Toronto Stock Exchange.