Golden Rapture Mining Corporation (CSE:GLDR) today announced that it has completed the first tranche of its previously announced non-brokered private placement financing for $185,000, representing approximately 37% of the total planned financing. This financing will provide Golden Rapture Mining with near-term funding for both corporate purposes and exploration activities in northwest Ontario.
Details of the Financing
On December 30th, 2025, Golden Rapture Mining completed the first tranche of the financing by issuing a total of 3,725,000 flow-through (FT) units and 900,000 non-flow-through (NFT) units, with each unit priced at $0.04.
Each FT unit consisted of one common share and one-half warrant. Each warrant was exercisable at $0.05 for a period of two years. In addition, each NFT unit consisted of one common share and one full warrant. Each warrant was also exercisable at $0.05 for a period of two years.
Use of Funds
Golden Rapture stated that the non-flow-through proceeds would be used to pay for general and administration (G&A) expenses while the flow-through proceeds would be used to fund eligible exploration expenses in the Company’s northwest Ontario projects. Key target areas for this exploration activity include:
- The Northern Queen Mine Property that was acquired by the Company.
- Land immediately adjacent to the NexGold Goliath Gold Deposit.
- Claims bordering the Dryden Gold District.
Comments From Management
Richard Rivet, President of the Company, said regarding the financing: “We want to thank all our shareholders for their interest and support of the company’s vision, and we look forward to securing the last tranche and conducting additional exploration in 2026.”
Share Structure and Listing Status
After completing the first tranche of the financing, Golden Rapture Mining reported that it had:
- Issued and outstanding 43,494,390 common shares.
- Was listed on the Canadian Securities Exchange (CSE) since March 14, 2024.
All common shares, warrants, and finder’s warrants issued under the financing agreement are subject to a four month and one day statutory hold period after issuance. The financing remains subject to final CSE approval.
Plans for Future Funding
Golden Rapture Mining has stated its intentions to complete one or more additional tranches of the private placement financing in early 2026. These future financings are intended to provide Golden Rapture Mining with additional funding to pursue additional exploration across its Ontario-based property portfolio, as the Company continues to advance its properties subsequent to its first year as a public issuer.
Flagship Asset and Historical Grade Context
Golden Rapture’s flagship asset is the Phillips Township Property, located in the Rainy River District of northwest Ontario, which serves as the basis for the Company’s high-grade exploration hypothesis.
Phillips Township – Historical Grade Data
- Approximately 10,000 acres: Size of the Phillips Township property
- Trojan, Combined, and Mascotte: Areas where historical mining occurred
- Up to 769 g/t Au: Historical gold grades reported from legacy sampling and workings in the Phillips Township area
- Narrow, High-Grade Vein Style Gold Occurrences: Type of mineralization found at Phillips Township
Recent Surface Sampling (Company Reported)
- 2024–2025 surface programs reported grab samples in the multi-tens g/t Au range.
- Select Samples >100 g/t Au: Several samples were reported with gold values in excess of 100 g/t Au, supporting the existence of high grade gold at surface.
- Results Used Primarily to Target and Understand Geology: Results from the surface sampling were primarily used for targeting and geologic understanding.
Historical Gold Mine Asset – Hutchison/Maylac Gold Mine (Geraldton Camp)
- Past producing underground mine (operated intermittently in the 1930s and 1940s).
- 24.16 oz/t Au: Some past drilling results reported gold values as high as 24.16 oz/t Au.
- Well Known Canadian Gold Camp: Geraldton is part of a well known Canadian gold camp with established infrastructure.
Bottom Line
The successful completion of the first tranche of the financing provides Golden Rapture Mining with incremental funding to support both corporate operations and near-term exploration planning. Although the financing was relatively small compared to other issuers, it marks the beginning of the Company’s efforts to fund a fully funded 2026 exploration program, with several additional tranches planned over the next few months.
Marc has been involved in the Stock Market Media Industry for the last +5 years. After obtaining a college degree in engineering in France, he moved to Canada, where he created Money,eh?, a personal finance website.
