01:07 PM EDT, 03/19/2026 (MT Newswires) -- Juggernaut Exploration ( JUGRF ) on Thursday said it closed a bought-deal private placement of flow-through share units that raised $11.5 million, including the exercise in full of the underwriters' over-allotment option.

The company sold underwriters 4.5-million units priced at $2.56 apiece and made up of a tax-advantaged share and one half of a two-year warrant to buy a flow-through share for $2.08.

Proceeds will be used to incur exploration expenses that qualify as "Canadian exploration expenses," "flow-through critical mineral mining expenditures," and for individual subscribers of units that are resident in British Columbia, "BC flow-through mining expenditures" on the company's flagship Big One project in British Columbia.

Shares of the company were last seen down $0.05 to $1.19 on the TSX Venture Exchange.

Price: 1.19, Change: -0.05, Percent Change: -4.03