Storm Exploration announces $2 million private placement to Eric Sprott at $0.40 per unit

Reuters2026/08/26 10:00

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Storm Exploration announced a non-brokered private placement of 5,000,000 units at $0.4 each for gross proceeds of $2 million.
A corporation beneficially owned by Eric Sprott agreed to buy the entire offering, positioning it to become the largest shareholder.
Each unit includes one common share, 0.5 warrant; each warrant exercises at $0.55 for two years.
Proceeds earmarked for drilling at the Gold Standard project, with remaining funds for general corporate purposes.
Post-closing, Sprott’s vehicle is expected to hold over 10% of shares outstanding, remaining below 20% on a partially diluted basis.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Storm Exploration Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608260600ACCESSWRNAPR_____1212025) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Storm Exploration announces $2 million private placement to Eric Sprott at $0.40 per unit

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