GoldHaven Resources Corp. has moved decisively to strengthen its exploration treasury with a mix of planned and closed flow-through financings aimed at advancing the company’s 2026 work at the Magno Project in northwestern British Columbia. The company announced an intention to complete an additional non-brokered flow-through private placement for up to $700,000 by issuing up to 2,641,509 flow-through shares at $0.265 per share, while separately confirming the closing of a final tranche of an earlier offering that brought total gross proceeds for that offering to approximately $2,037,881.
The combination of the proposed placement and completed closings reflects a focused effort to ensure the 2026 Magno drill program is fully funded. The company indicated the proceeds will be used to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures under the Income Tax Act (Canada) and, where applicable, as critical mineral flow-through shares. GoldHaven plans to renounce those eligible expenses to subscribers with an effective date no later than December 31, 2026, preserving the expected tax benefits for investors.
Table of Contents:
Financing details and closing mechanics
Under the recently closed tranche, GoldHaven issued a total of 7,690,117 flow-through shares at $0.265 per share for aggregate gross proceeds of roughly $2,037,881, including an additional 1,207,700 shares issued as part of the final tranche for $320,040. In connection with that closing the company paid cash finder’s fees of $21,002 and issued 79,254 non-transferable finder warrants, each exercisable at C$0.35 for 24 months. Where applicable, GoldHaven has also stated it may pay additional finder’s fees on the new proposed placement subject to securities rules and exchange policies.
Use of proceeds and exploration priorities
Proceeds from the financings will be dedicated to advancing the Magno district, with emphasis on a multi-faceted 2026 campaign. The program is designed to fund diamond drilling that targets Ag-Pb-Zn carbonate replacement deposits (CRD) at Magno and the D-Zone, and to follow up on tungsten-rich skarn occurrences at Kuhn and Dead Goat where values have reached up to 6,550 ppm W. Surface samples and historical work have also returned remarkable silver values, in some instances exceeding 2,370 g/t Ag, which the company plans to test with systematic drilling and geologic modeling.
Targets and technical work
Beyond drilling, GoldHaven intends to deploy airborne geophysical surveys and invest in 3D geological and metal zonation modelling to refine structural controls and prioritize intrusive-related targets. These combined methods are aimed at vectoring toward concentrated, higher-grade zones within a property-scale hydrothermal system that shows classic porphyry-related metal zoning, stacked mineralization styles, and strong critical mineral enrichment including elevated indium, bismuth, and tellurium values.
Operational sequencing
The funded activities are expected to follow a staged approach: initial geophysics and target prioritization, followed by focused drilling at high-priority targets, and then systematic follow-up of any high-grade surface or historical drill results. The company has stated all securities issued are subject to a statutory hold period of four months and one day in accordance with applicable securities laws.
Company overview and regulatory notes
GoldHaven is a Canadian junior exploration company assembling and advancing large land packages across North and South America. Its portfolio includes the flagship Magno Project adjacent to the historic Cassiar mining district, the copper- and gold-skarn prospective Three Guardsman Project, the drill-ready Copeçal gold project in Mato Grosso, Brazil, and three critical mineral-focused project areas in Bahia and Iguatu, Brazil, totaling roughly 123,900 hectares. The technical disclosures in the company’s releases have been reviewed by a Qualified Person as defined under NI 43-101.
Forward-looking information
As with most financing and exploration communications, the company’s statements include forward-looking information regarding financing completion, exploration results, permitting, and future expenditures. These statements are subject to risks including the ability to complete financings on acceptable terms, exploration and operational challenges, commodity price fluctuation, regulatory approvals, and other factors that can cause outcomes to differ materially from expectations. Readers are encouraged to consult GoldHaven’s public filings for full risk disclosure and the company’s management discussion and analysis for additional context.