Juggernaut Exploration Ltd. (TSX-V: JUGR; OTCPK: JUGRF; FSE: 4JE) has entered into a binding agreement with Stifel Canada to complete a bought deal private placement totaling CAD 10 million. The capital raise is intended to finance further exploration of the promising Big One gold project in British Columbia.
Financing Details
The company will issue 3,906,250 units at a price of CAD 2.56 per unit. Each unit consists of one flow-through share and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of CAD 2.08 within 24 months following closing of the placement.
The flow-through shares provide investors with tax benefits under the Canadian Income Tax Act. Stifel Canada is acting as sole bookrunner and underwriter. Additionally, the company has granted a 15% over-allotment option, exercisable up to 48 hours prior to the scheduled closing of the transaction. The closing date is scheduled for March 19, 2026, subject to approval by the TSX Venture Exchange.
Use of Proceeds: Focus on Big One
The gross proceeds are intended to be used entirely for qualified exploration expenditures (“Canadian Exploration Expenses”). These include “Flow-Through Critical Mineral Mining Expenditures,” which are recognized for tax benefits in Canada.
Juggernaut plans to invest the funds in advancing its flagship Big One project in British Columbia’s Golden Triangle. This region is among the most prospective exploration areas worldwide. The expenditures are to be incurred by December 31, 2027, at the latest, and renounced to investors for tax purposes by the end of 2026.
Structure and Benefits of the Financing
A portion of the units will be resold through charitable organizations (Re-Offer Units). This structure enables investors to donate their shares to charitable causes while utilizing tax benefits.
The placement is being conducted under the “Listed Issuer Financing Exemption” pursuant to National Instrument 45-106. Accordingly, the newly issued securities are not subject to a hold period, which increases trading liquidity immediately following closing. The related offering document is available on SEDAR+ and on the company’s website.
Presentation at PDAC 2026
Juggernaut also announced it will present its recent progress at the upcoming Prospectors & Developers Association of Canada (PDAC) conference in Toronto. The technical team will be present from March 1–4, 2026, at booth No. 3232 in the South Building of the Metro Toronto Convention Centre—alongside sister company Goliath Resources.
There, Juggernaut will present the latest results and geological highlights from the Big One project. PDAC is recognized as the world’s leading platform for investors, exploration companies, and decision-makers in the mining industry. GOLDINVEST will also be on-site, providing our readers with exclusive insights.
