Dark Star Minerals (CSE:BATT) has closed the final tranche of a previously reported non-brokered private placement, which raised C$352,500 ($387,091) via the issue of 7.05 million units.
The funding will be used for exploration across Dark Star’s portfolio of projects, including Ghost Lake, Logan, Bleasdell Lake in Canada, and the Cobra North and Khan West projects in Namibia.
In September 2025, the company announced it intended to raise C$250,000 via the issue of up to 5 million units at C$0.05 per unit. Each unit consisted of one share and one-half share purchase warrant, exercisable at C$0.075 within two years.
Due to investor demand, Dark Star upsized the private placement to raise C$350,000, as Mining.com.au reported.
Dark Star Minerals is advancing Canada’s uranium and critical mineral resources for a sustainable energy future. The company is focused on primarily uranium and rare earth discoveries within its more than 26,000 hectare land package.
Write to Aaliyah Rogan at Mining.com.au
Images: Dark Star Minerals
