12:04 PM EDT, 06/23/2025 (MT Newswires) -- Minaurum Gold ( MMRGF ) said Monday it is raising $5 million in a private placement to advance the Alamos silver project in Mexico.

The company is offering 20-million units priced at $0.25 apiece. Each unit consists of a share and one-half of a two-year warrant to buy a second share for $0.37.

The company said it will use the proceeds to advance its Alamos project, property maintenance and permitting costs and for general working capital purposes.

The offering is expected to close on or about July 3.

Minaurum shares were last seen down $0.02 to $0.25 on the TSX Venture Exchange.

Price: 0.25, Change: -0.02, Percent Change: -7.41