11:46 AM EST, 12/11/2025 (MT Newswires) -- Minaurum Gold ( MMRGF ) said Thursday it raised $25 million from a private placement of share units, including full exercise of the over-allotment option.

The company issued 64.4-million units priced at $0.36 apiece. Each unit consisted of a share and half a two-year warrant to buy a share for $0.50.

Proceeds will be used for the phase II drill program on the Alamos silver project.

Minaurum shares were last seen up $0.01 to $0.40 on the TSX Venture Exchange.

Price: 0.40, Change: +0.01, Percent Change: +2.56