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VRA Letter: Trip to the Yukon; Snowline Gold. Massive Move Higher in Gold/Miners, Directly Ahead. August Jobs Data from a Fraudulent BLS.

Good Friday morning. Heads up: we’re on the road visiting Snowline Golds discovery in the Yukon until late Tuesday and will have Letters out as possible. We learned yesterday that Snowline has completed two offerings/placemen ...

Posted On September 05, 20256 MIN Read
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Good Friday morning. Heads up: we’re on the road visiting Snowline Golds discovery in the Yukon until late Tuesday and will have Letters out as possible. We learned yesterday that Snowline has completed two offerings/placements valued at $102 million. The Company will use the proceeds to advance the company's projects in the Yukon Territory, as well as for working capital and general corporate purposes.

Scott Berdahl, CEO: "Our strengthened treasury is an asset in its own right, allowing us to focus for multiple years on rapid and responsible advancement of our Valley deposit alongside continued exploration across our emerging, district-scale portfolio. We are entering an exciting phase as a company as we advance a globally relevant gold discovery in a top tier jurisdiction amidst a strong market backdrop.”

Following this latest round, the company will have more than $150 million in cash, an amount that should more than fund their operations through 2026. Of note, early investor ...

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