07:47 AM EDT, 10/31/2025 (MT Newswires) -- Solstice Gold ( SGCPF ) said Friday that it closed its upsized private placement to raise C$1.1 million in proceeds.

The company will use the proceeds to fund exploration programs, including a follow-up drill program on the new Red Cedar discovery at the Strathy gold project in Ontario, as well as for general corporate purposes.

Under the offering, Solstice issued Ontario flow-through shares priced at $0.085 apiece and national flow-through shares priced at $0.068 each.

The company also issued units priced at $0.06 apiece. Each unit comprises one share and one-half of a warrant, which can be exercised for $0.10 per share for 12 months.

The proceeds represent an increase from Solstice's previously announced $1 million offering, the company said.