Plato Gold Corp. has announced plans to raise up to $150,000 through a non-brokered private placement of up to 3,000,000 flow-through common shares at $0.05 per share.

The gross proceeds will fund eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures at the Pic River Platinum Group Metals Project near Marathon, Ontario. Plato Gold intends to incur these expenditures on or before December 31, 2026, and renounce them to subscribers with an effective date no later than the same day.

Closing of the offering is subject to acceptance by the TSX Venture Exchange and other customary conditions. Shares issued under the placement will be subject to a four-month statutory hold period.

President, CEO, and director Anthony Cohen intends to subscribe for up to 600,000 shares for $30,000. Mr. Cohen currently holds 57,138,311 common shares, or approximately 24.77% of the company's 230,665,717 issued shares, alongside 3,500,000 options. His participation constitutes a related-party transaction under Multilateral Instrument 61-101, but the company will rely on exemptions from formal valuation and minority approval requirements because neither the market value nor the consideration exceeds 25% of Plato Gold's market capitalization. Disinterested directors approved the transaction after Mr. Cohen recused himself from the vote.

The financing follows Plato Gold's April 2026 sale of its Timmins-area properties to Mayfair Gold Corp. for C$2.5 million, a divestment intended to focus company resources on remaining exploration assets. In the surrounding Marathon region, Generation Mining Limited secured a $200 million subordinated debt commitment from the Canada Infrastructure Bank to advance construction at the nearby Marathon copper-palladium project.

Read the full announcement: Plato Gold Corp. Announces Up to $150,000 Non-Brokered Critical-Mineral Flow-Through Private Placement