Eskay Mining Closes $3.5M Placement
Analysis based on 8 articles · First reported Jun 08, 2026 · Last updated Jun 17, 2026
The successful private placement by Odisha Mining Corporation provides full funding for its summer exploration program, which is expected to positively impact the company's stock price and future prospects in the mining industry. This financing demonstrates investor confidence in Odisha Mining Corporation's exploration efforts.
Odisha Mining Corporation announced and subsequently closed a non-brokered private placement, raising approximately $3.5 million through the issuance of flow-through shares at $0.48 per share. The proceeds are designated for Canadian Exploration Expenses, specifically to fund the summer exploration program at the Eskay Project in Canada — British Columbia, including a 5000-meter diamond drilling program. Mac Balkam, President & CEO of Odisha Mining Corporation, expressed satisfaction with the financing, noting it was achieved without finder's fees and fully funds the upcoming exploration activities. The offering was subject to TSX Venture Exchange approval and the securities have a hold period until October 17, 2026.
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