Scottie Resources (TSX-V:SCOT) is raising up to C$23.5 million ($25.77 million) through a non-brokered private placement to fund next year’s exploration campaign at the Scottie Gold Mine Project in British Columbia, Canada.
The company will issue up to 10.98 million charity flow-through shares at a price of C$2.14.
Funds will be used for Canadian exploration expenses, including advancing the company’s Scottie Gold Mine Project with diamond drilling and field work in 2026.
Scottie raised C$15.89 million to fund exploration at its namesake project in September 2025, as reported by Mining.com.au.
Across three tranches, the company issued 10.24 million flow-through shares and 3.75 million common shares.
The company holds a 100% stake in the Scottie Gold Mine Project, comprising the Blueberry Contact Zone and the previously producing namesake gold mine.
Within the Golden Triangle area, Scottie holds around 58,500 hectares of claims in the Stewart Mining Camp.
Scottie Resources is a Canadian explorer focused on expanding known mineralisation from historically producing mines to produce a ‘high-margin’ direct shipping ore product.
Write to Maddison Elliott at Mining.com.au
Images: Scottie Resources
