
Aquitaine Metals Corp. has completed a non-brokered strategic private placement with Kinross Gold Corporation and Alpayana S.A.C. issuing an aggregate of 6,278,949 common shares of the Company at a price of C$7.50 per share for proceeds of approximately C$47.1 million. Following completion of the financing, Aquitaine has 52,207,711 common shares issued and outstanding and approximately C$92 million in cash.
“Having the support of both a leading global gold producer and a mining group with a proven record of operational excellence represents a strong endorsement of Aquitaine and the potential of the Limousin Gold and Critical Metals Project,” said Chris Taylor, CEO of Aquitaine Metals. “With a strong treasury and the support of Kinross and Alpayana, we are well positioned to expand our exploration efforts and unlock the broader potential of the Limousin district.”
The Company intends to use the proceeds of the financing primarily to accelerate exploration at the Limousin Gold and Critical Metals Project in Nouvelle-Aquitaine, France, with the majority of the funds expected to be directed toward expanding drilling activities and increasing metres drilled. Proceeds may also be used as general working capital or to expand the Company’s technical infrastructure and exploration capacity, strengthen its technical and management teams, advance detailed technical research programs and support ongoing hydrogeological, environmental and community engagement initiatives.
About the Limousin Project
The Limousin Project is located in the region of Nouvelle-Aquitaine, southwest France, approximately 40 kilometres south of the city of Limoges. The project consists of 330 square kilometres of exploration licenses and includes 23 past-producing small-scale gold mines that operated during the 20th century occurring along regional-scale fault structures that extend for 200 kilometres of strike length.
Historical operations in the district were most recently conducted by COGEMA, a French mining company that produced approximately one million ounces of gold between 1988 and 2002.
Aquitaine’s technical team has identified evidence of a number of critical and strategic accessory minerals that accompany the gold mineralization across the Limousin district, including silver, antimony, tungsten, lead, copper and zinc, and is systematically analysing all samples for 49 elements.
About Aquitaine Metals Corp.
Aquitaine Metals Corp. is a Vancouver-based private gold and strategic metals exploration company focused on reviving mining projects in France. Through its wholly owned French subsidiary CMA, the Company is advancing the Limousin project in Nouvelle-Aquitaine, where a Phase 1 diamond drill program is underway to confirm historical datasets and test extensions of high-grade gold and critical metals ore zones.
Aquitaine and CMA are committed to sustainable exploration with a long-term vision that demonstrates responsible stewardship of the land, operational excellence and accountability.
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