Walker Lane Resources Ltd. Announces Completion of Private Fundraising
Walker Lane Resources Ltd. Announces Use of Proceeds from Recent Private Placement
Walker Lane Resources Ltd., a growth-stage exploration company focused on high-grade gold, silver, and polymetallic deposits, has announced that the net proceeds from a recent private placement will be primarily used to fund exploration activities on its properties in Nevada.
The private placement, which received TSX Venture Exchange approval, raised gross proceeds of approximately CAD 386,000 through the issuance of non-flow-through and flow-through units. The funds from the non-flow-through units are earmarked for advancing the company's Nevada properties, including Tule Canyon, Cambridge, and Silver Mountain.
Although the exact exploration programs are not detailed in the announcement, the allocation towards these projects indicates ongoing or planned geological work such as mapping, sampling, and potentially drilling to further evaluate the mineral potential of their claims in Nevada.
Regarding properties in Yukon, the press release does not explicitly state the intended use of proceeds for Yukon projects or detail exploration plans in that territory. However, since the focus of the announced private placement usage was on Nevada properties, it is likely that exploration in Yukon is either separately funded or planned for a subsequent phase not covered in the disclosed private placement use.
The private placement involved issuing 2,508,335 non-flow-through Units and 607,143 flow-through Units. Each unit consists of one common share and one common share purchase warrant. The price per non-flow through Unit was $0.12 and per flow-through Unit was $0.14.
It's worth noting that the forward-looking statements in the press release are subject to various risks and uncertainties, including public health threats, fluctuations in metals prices, environmental and regulatory risks, and changes in legal or regulatory requirements. The financial projections in the press release were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed, or compiled by the company's accountants or auditors.
The company intends to use the proceeds from the sale of flow-through Units for Canadian exploration expenses and flow-through mining expenditures. An insider of the company subscribed for an aggregate of 1,178,571 Units. The warrants are exercisable for two years at $0.16 per common share.
The Board of Walker Lane Resources Ltd. is represented by Kevin Brewer. Contact information for Kevin Brewer includes a phone number, email, and company website.
This assessment is based on the company’s announcements as of July 24, 2025. The forward-looking statements and information in the press release speak only as of the date of the press release and the company assumes no obligation to update or revise such information to reflect new events or circumstances.
Investing in the exploration industry, Walker Lane Resources aims to utilize the funds raised from the private placement in finance the ongoing exploration activities on their business ventures, specifically focusing on their properties in Nevada. The company plans to use a portion of the proceeds from the sale of flow-through Units for Canadian exploration expenses and flow-through mining expenditures, which aligns with the company's growth-stage focus in the finance sector.
