The additional capital further strengthens the Company's fully funded 2026 exploration program at its flagship Magno Project in the Cassiar District of British Columbia and is expected to support an expanded drill campaign targeting a large-scale, multi-phase mineral system with significant silver and critical metals exposure.
HIGHLIGHTS
Financing Upsized on Demand: Increased to up to $1.2 million, reflecting strong investor demand
Drilling Expansion Underway: Program expected to grow beyond the initial drilling ~5,000 metres, with flexibility to expand based on results
Multiple High-Priority Targets: Drilling to focus on the Magno, Kuhn, and D Zones, areas with strong grades and clear geological vectors
High-Grade Surface Results: Up to 2,370 g/t silver, >20% lead, 19.25% zinc, and up to 6,550 ppm tungsten
District-Scale Opportunity: 37,000+ hectare land package covering a large, underexplored intrusive-driven system
Critical Metals Exposure: Direct leverage to silver and key critical minerals including tungsten and indium
2026 Catalyst-Rich Program: Airborne geophysics + expanded drilling designed to unlock system scale and define higher-grade zones
"The level of investor interest reflects growing recognition of the opportunity at Magno," said Rob Birmingham, CEO of GoldHaven. "With drilling set to expand beyond our initial program, we are entering a catalyst-rich phase where we can begin to test the scale of this system across multiple high-priority targets. We believe Magno has the characteristics of a large, multi-phase mineral system, and this program is a key step in advancing that potential."
"In addition, with the recently announced LIFE offering, we see a clear path to further expanding our drill program as the year progresses."
The proposed Offering, together with the flow-through financing completed earlier in 2026, will bring total flow-through proceeds raised by the Company this year to approximately $3.2 million. These funds are expected to support the Company's initial drill program at Magno, with potential for further expansion through the Company's recently announced LIFE offering.
The flow-through shares will qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada) and are expected to qualify as "critical mineral flow-through shares." No warrants will be issued in connection with the Offering.
The gross proceeds will be used to incur eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures, which ...
