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South Pacific Metals Corp. closes a marketed equity offering raising up to C$15 million, led by BMO Capital Markets, to expand exploration activities and for general corporate purposes.
PUBLIC · SPMEFSep 09, 2026•about 2 hours ago
Amount Raised
$15 Million
Round Type
Post-IPO Equity
VancouverOtherMining
Investors
Velocity Capital PartnersParadigm Capital Inc.Bmo Capital Markets
Description
South Pacific Metals Corp. has secured an agreement with agents for a marketed equity offering of up to C$15 million through a private placement. The offering consists of units made up of common shares and warrants. Proceeds will be utilized for exploration and general corporate purposes
Company Information
Company
South Pacific Metals
Location
1030 West Georgia Street
Vancouver, British Columbia, Canada
About
South Pacific Metals Corp (SPMC) is an emerging gold-copper exploration company operating in the heart of Papua New Guinea’s proven gold and copper production corridors. With a massive 3,000 km² land package and four transformative gold-copper projects contiguous with major producers K92 Mining, PanAust and neighbouring Barrick Gold, new leadership and in-country teams are prioritizing thoughtful and rigorous technical programs focused on boots-on-the-ground exploration to prioritize drilling across its portfolio.
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VancouverOtherMining