01:24 PM EDT, 08/26/2025 (MT Newswires) -- Aurion Resources ( AIRRF ) was up 9% after the company on Tuesday said it raised $9.29 million from a non-brokered private placement with a strategic investor.

The company placed 11.06-million units priced at $0.84 each and made up of a share and one half of a three-year warrant to buy a second share for $1.08.

Aurion expects at least 75% of the proceeds to be used to advance exploration and technical work programs on its 100% owned Risti project.

Additionally, the financing includes a strategic investor rights agreement, granting the investor the option to participate in future equity raises to maintain or increase ownership up to 9.99% on a partially diluted basis, and the right to nominate one board director or two if the board expands to eight or more members.

Shares of Aurion Resources ( AIRRF ) were last seen up $0.08 to $0.93 on the TSX Venture Exchange.

Price: 0.93, Change: +0.08, Percent Change: +9.41