Scottie Resources Corp. has launched a non-brokered private placement offering to raise gross proceeds of up to $27 million to fund technical studies, permitting, and exploration work at the Scottie Gold Mine Project in British Columbia.

The conditional financing comprises up to 8,965,518 common shares priced at $2.90 per share and up to 322,581 flow-through common shares priced at $3.10 per flow-through share. Proceeds generated from the standard common shares are allocated toward working capital and general corporate requirements, including ongoing permitting and technical evaluation work for the property.

Meanwhile, funds raised from the flow-through shares will be directed toward eligible Canadian exploration expenses that qualify as flow-through mining expenditures under the Income Tax Act. All qualifying expenditures linked to the flow-through portion are scheduled to be renounced in favour of subscribers on or before December 31, 2026. The offering remains subject to regulatory approval, including the approval of the TSX Venture Exchange. Insiders of the company may participate in the placement, which qualifies as a related-party transaction that is expected to be exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101.

The funding supports ongoing advancement at the property, which holds a 100% interest in the past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone. The asset currently hosts an inferred resource estimate of 703,000 gold ounces at an average grade of 6.1 grams per tonne across 3.6 million tonnes.

Technical work at the site builds upon a preliminary economic assessment completed in October 2025. That study evaluated a Direct-Ship Ore development scenario yielding an after-tax net present value discounted at five percent ranging from $215.8 million to $668.3 million based on gold prices between US$2,600 and US$4,200 per ounce.

Read the full announcement: Scottie Announces $27 Million Non-Brokered Financing