Daura Gold Corp. has initiated a non-brokered private placement aiming to raise up to $2,000,000 in gross proceeds.

Under the terms of the offering, Daura will issue up to 8,695,652 units priced at $0.23 each. Every unit comprises one common share and one-half of a share purchase warrant. Each whole warrant enables the holder to purchase an additional common share at $0.375 within 24 months after the financing closes. The placement remains subject to the approval of the TSX Venture Exchange, and all issued securities will carry a four-month-and-one-day resale restriction. Eligible third parties will receive finders' fees for introducing subscribers to the transaction.

Daura plans to direct the funding toward advancing its exploration assets across Argentina and Peru. The capital will support ongoing exploration and planned drilling at the Cerro Bayo and La Flora projects in Argentina alongside continued work at the flagship Antonella project in Peru, with the remainder reserved for general working capital.

The company holds an option to earn up to an 80% interest in Cerro Bayo and La Flora through an agreement entered into with Latin Metals Inc. in November 2025. Following an initial 1,850-metre diamond drill program across 18 holes completed at Cerro Bayo in May 2026, Daura is preparing to commence Phase II drilling at the project in October 2026.

Activity across the wider district remains active, highlighted by Astra Exploration Inc. reporting initial Phase III drill results at the La Manchuria gold project in August 2026, which intercepted two metres grading 80.54 g/t gold and 44.5 g/t silver.

Read the full announcement: Daura Gold Announces $2 Million Non-Brokered Private Placement