Golden Minerals Closes C$5 Million Financing for Argentine Project

Golden Minerals Company has completed a non-brokered private placement, raising C$5 million through the issuance of 17,857,143 units at C$0.28 per unit. The successful completion allows Golden Minerals to advance its Desierto project in Argentina. Results from the initial drill program are expected in early 2027.

Each unit includes one common stock share and one-half common stock purchase warrant, allowing future purchase at C$0.45. The offering relied on financial hardship exemptions, accepted by the TSX, which has placed the company under a 120-day delisting review.

Proceeds will fund exploration programs and reduce liabilities. Finders’ fees were paid to Haywood Securities, with additional details about related-party transactions and securities law exemptions.