07:40 AM EDT, 07/11/2025 (MT Newswires) -- Revival Gold ( RVLGF ) said overnight Thursday that it will raise $24 million in two separate transactions.

Revival Gold ( RVLGF ) said it secured about $13.7 million in proceeds from EMR Capital Management's purchase of 28.5 million shares at $0.48 apiece. Following the transaction, EMR will own about 11% in Revival Gold ( RVLGF ).

As part of the agreement, EMR will be granted customary anti-dilution rights to maintain its interest and the right to nominate a director to Revival Gold's ( RVLGF ) board of directors.

"EMR has developed a world class reputation backing proven management teams to deliver value creation in the global mining industry," said Hugh Agro, President and CEO of Revival Gold ( RVLGF ). "The addition of EMR to Revival Gold's ( RVLGF ) roster has paved the way to a significant cash injection into the business and secures a strong financial partner with whom the company can advance towards future gold production."

Revival Gold ( RVLGF ) also plans to raise up to $10.3 million in a private placement of up to 21.5 milllion shares priced at $0.48 each.

Closing of both transactions is expected on or about July 29.

Revival Gold ( RVLGF ) is developing the Mercur gold project in Utah and the Beartrack-Arnett gold project in Idaho.