09:16 AM EDT, 05/26/2025 (MT Newswires) -- Getchell Gold ( GGLDF ) said Monday that it increased the size of its previously announced private placement financing to $4 million from $3 million.

The offering comprises units priced at $0.20 apiece. Each unit consists of one share and one-half of a warrant. Each whole warrant is exercisable at $0.30 per share for three years. Getchell plans to use the proceeds to advance the Fondaway Canyon gold project in Nevada.

"The level of interest sparked is remarkable and a clear reflection of the quality, unrealized value, and upside potential of the Fondaway Canyon gold project," said Bob Bass, chairman of Getchell. "The additional funds will further strengthen the company and provide greater confidence to accomplish our objectives."