Giant Mining (CSE:BFG) has entered into an amended and restated equity distribution agreement with Haywood Securities, totalling C$15 million ($15.53 million).
In October 2025, the company entered into the deal which totalled up to C$5 million.
Under the deal, Giant Mining will be entitled to sell a certain number of shares through Haywood as the sole and exclusive placement agent. The sale of the shares will be made through at-the-market distributions.
To date, Giant Mining has distributed around C$4.99 million worth of shares and may distribute up to C$10.05 million worth of additional shares.
The funds will be used toward exploration activities and a property payment for the Majuba Hill Project in Nevada, US.
Earlier last week, Giant Mining began preparations for a diamond drilling program at Majuba Hill via its 2026 exploration program. The program will comprise systematic mapping and sampling across multiple prospective target areas. The program is designed to strengthen the geological model and prioritise the most prospective breccia-hosted copper targets.
As previously reported, the company is planning a multi-phased diamond drill program of up to 10,000 feet of drilling. Phase one comprises up to 5,000 feet of diamond drilling, as well as underground mapping and sampling, and surface geochemical surveys.
Phase two comprises up to 5,000 feet of diamond drilling.
Giant Mining is focused on identifying, acquiring and advancing late-stage copper, silver and gold projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Giant Mining
