Core Insights - Onyx Gold Corp. has reported significant gold mineralization at its Argus North Zone, with channel samples showing grades up to 5.0 g/t Au over 4.0 m and drill results indicating potential for a near-surface, road-accessible gold discovery [1][2][6] Group 1: Exploration Results - The ongoing 25,000 metre drill program at the Munro-Croesus Project has revealed a significant zone of gold mineralization right at the surface, located just 2 km off Highway 101 [2][4] - Recent drill holes have shown promising results, including 60.8 m grading 1.2 g/t Au in MC25-200 and 37.8 m grading 1.8 g/t Au in MC25-202, with notable high-grade intervals [5][8] - The Argus North Zone has demonstrated excellent vertical continuity of mineralization, traced from surface to over 350 meters depth, with the system remaining open along strike and down-dip [9][10] Group 2: Financial Position and Future Plans - Onyx Gold has recently closed a $20 million bought-deal financing and is set to close an additional $6.4 million non-brokered financing, positioning the company well for continued exploration through 2026 [6][27] - The company has completed 64 drill holes, with assays announced for 18 holes to date, completing approximately 20,000 m (80%) of the expanded drill program [12][26] Group 3: Geological Context - The Munro-Croesus Project is located in the Abitibi greenstone belt, a premier gold mining jurisdiction in Canada, covering 109 km² of highly prospective geology [26][27] - The project includes the past-producing Croesus Gold Mine, known for yielding some of the highest-grade gold in Ontario, enhancing its exploration potential [25][26]

Core Points - Onyx Gold Corp. has announced an upsize in its non-brokered private placement to approximately $6.4 million at a price of $2.43 per share, involving strategic investors [1][2] - The total proceeds from recent financings, including a previously closed $20 million bought deal, are expected to reach approximately $26.4 million, enhancing the company's financial flexibility for exploration programs [1][2] Non-Brokered Private Placement - The Non-Brokered Private Placement will consist of the sale and issuance of 2,650,000 common shares, qualifying as "flow-through shares," for aggregate gross proceeds of $6,445,000 [2] - The proceeds will be used to incur qualifying expenditures related to the company's projects in Ontario, with a deadline for incurring these expenditures set for December 31, 2026 [3] Closing and Conditions - The Non-Brokered Private Placement is expected to close on or about October 15, 2025, subject to certain conditions, including approval from the TSX Venture Exchange [4] Securities Regulations - The NB FT Shares will be offered under applicable exemptions from prospectus requirements and will be subject to a hold period of four months and one day from the date of issuance [5] Company Overview - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [7][8] - The company's portfolio includes the high-grade Munro-Croesus Gold property and other exploration properties, indicating a strong position in the gold mining sector [7]

Core Points - Onyx Gold Corp. has successfully closed a "bought deal" private placement, raising total gross proceeds of approximately $20 million through the issuance of flow-through shares and non-flow-through common shares [1][3][4] Group 1: Offering Details - The private placement consisted of 4,740,000 flow-through shares priced at $2.11 each, generating gross proceeds of $10,001,400, and 6,665,733 non-flow-through shares priced at $1.50 each, generating gross proceeds of $9,998,599.50 [1] - The offering was led by Cormark Securities Inc. and Canaccord Genuity Corp. as part of a syndicate of underwriters [2] - The underwriters were granted an option to increase the offering size by up to $2 million, which was fully exercised, resulting in an additional 1,333,333 non-flow-through shares issued for gross proceeds of $1,999,999.50 [3] Group 2: Use of Proceeds - The proceeds from the sale of flow-through shares will be used to incur eligible Canadian exploration expenses related to the company's projects in Ontario, with a commitment to renounce these expenditures to subscribers by December 31, 2025 [5] - The net proceeds from the non-flow-through shares will be allocated for exploration of mineral properties and general corporate purposes [6] Group 3: Regulatory Compliance - The shares were offered for sale to purchasers in all provinces of Canada under the Listed Issuer Financing Exemption, and will not be subject to a hold period under applicable Canadian securities laws [7]

Core Viewpoint - Onyx Gold Corp. has announced an increase in its brokered financing to $18 million and a concurrent non-brokered financing of $5.6 million, aimed at raising a total of approximately $23.6 million for its projects [2][3]. Financing Details - The brokered financing, originally set at $15 million, has been upsized by $3 million, resulting in gross proceeds of $18 million [2]. - The non-brokered private placement is priced at $2.43 per share, expected to generate approximately $5.6 million [3][11]. - If the underwriters' option is fully exercised, total gross proceeds could reach approximately $25.6 million [3]. Offering Structure - The offering will include the issuance of 4,740,000 flow-through shares at $2.11 each, generating $10,001,400, and 5,332,400 common shares at $1.50 each, generating $7,998,600 [4]. - An option has been granted to underwriters to increase the offering by up to $2 million [5]. Use of Proceeds - Proceeds from the flow-through shares will be used for eligible Canadian exploration expenses related to the company's projects in Ontario, to be incurred by December 31, 2026 [6]. - Net proceeds from the common shares will be allocated for exploration of mineral properties and general corporate purposes [7]. Closing and Regulatory Approval - The offering is expected to close around October 2, 2025, subject to regulatory approvals [8][13]. - The shares will be offered under applicable exemptions from prospectus requirements and will not be subject to a hold period under Canadian securities laws [9][14]. Company Overview - Onyx Gold Corp. is focused on mineral exploration in established mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [16][17]. - The company holds a 100% interest in a portfolio exceeding 443 km² across three projects in Timmins, all accessible year-round [16].

Core Insights - Onyx Gold Corp. has reported significant drill results from its Munro-Croesus Project, confirming the vertical and lateral extensions of the Argus North Zone, indicating a large-scale and continuous gold mineralization system [1][6][24] Drilling Results - The latest drilling results include 91.0 meters grading 1.1 g/t Au and 103.4 meters grading 1.1 g/t Au in drill hole MC25-177, contributing to a cumulative mineralization thickness of 194.4 meters [5][11] - Additional notable results include 139.1 meters grading 0.8 g/t Au in drill hole MC25-181 and 9.8 meters grading 2.9 g/t Au in drill hole MC25-174 [5][12] - The drilling program has completed 48 holes, with assays announced for 15 holes, covering approximately 15,000 meters, which is 60% of the planned 25,000-meter program [5][12] Project Overview - The Munro-Croesus Project is strategically located along Highway 101 in the Abitibi greenstone belt, a prominent gold mining region in Canada, and includes the historically significant Croesus Gold Mine [24][25] - The project area covers 109 km² of highly prospective geology, with significant nearby gold deposits enhancing its exploration potential [24][25] Future Plans - The Argus North Zone remains open along strike, down-dip, and down-plunge, with ongoing plans for step-out drilling to further extend the known gold mineralization [6][10][11] - The company is fully funded for its 2025 exploration programs with approximately $10 million in cash [5][12]

Core Viewpoint - Onyx Gold Corp. is expanding its land holdings in the Munro-Croesus Project through strategic acquisitions, enhancing its position as a leading gold explorer in the Timmins Camp [1][2][3]. Group 1: Strategic Acquisitions - The company has signed purchase agreements to acquire a 100% interest in the Munro Property (227 hectares) and the Hewitt Property, increasing the total project land holdings to 10,921 hectares (109 km²) [1][2][4]. - The Munro Property is strategically located within the Munro-Croesus Project and covers the northwestern extension of the Croesus Flow, which is known for hosting the historic high-grade Croesus Mine [4][5]. - The acquisition of the Hewitt Property includes gold-bearing mineralization with grab samples yielding up to 15.7 g/t Au [6][7]. Group 2: Financial Terms - The total consideration for the Munro Property is $300,000, payable in two staged cash payments over 12 months, subject to satisfactory due diligence [5]. - For the Hewitt Property, the company will pay $20,000 and issue 75,000 common shares, along with a 1.0% net smelter returns royalty to the vendor [7]. Group 3: Future Exploration Plans - The acquisitions are expected to unlock additional high-impact drill targets for future exploration, particularly along the Croesus Flow [3][4]. - The Munro-Croesus Project is located in a highly prospective geological area, with significant nearby bulk-tonnage gold deposits [16]. Group 4: Company Overview - Onyx Gold is focused on exploration in well-established Canadian mining jurisdictions, with a portfolio that includes the Munro-Croesus Gold property and other exploration properties in Timmins and Yukon Territory [17][18].

Core Viewpoint - Onyx Gold Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of approximately $13.04 million since May 2025, which will be used to advance exploration initiatives in Ontario and Yukon [1][3]. Group 1: Private Placement Details - The second tranche involved the issuance of 1,709,657 common shares at a price of $1.19 per share, resulting in gross proceeds of approximately $2.03 million [1]. - An existing strategic investor will own approximately 9.4% of the issued and outstanding common shares following the closing of the private placement [2]. - The private placement is subject to final acceptance by the TSX Venture Exchange and the shares will be subject to a hold period of four months and one day [4]. Group 2: Use of Proceeds - The company plans to use the gross proceeds from the sale of flow-through shares to incur "Qualifying Expenditures" related to its projects in Ontario and Yukon, with a deadline for incurring these expenditures set for December 31, 2026 [3]. - The company will renounce all Qualifying Expenditures in favor of the subscribers of the flow-through shares effective December 31, 2025 [3]. Group 3: Company Overview - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory [6]. - The company has a portfolio that includes the Munro-Croesus Gold property, known for high-grade mineralization, and additional exploration properties [6][8]. - Onyx Gold controls four properties in the Selwyn Basin area of Yukon Territory, which is gaining significance due to recent discoveries [8].

Core Points - Onyx Gold Corp. has successfully closed the first tranche of a non-brokered private placement, raising approximately $3 million by issuing 3,490,343 common shares at a price of $0.85 per share [1][2] - The net proceeds from this financing will be utilized for general corporate purposes [2] - The second tranche of the private placement is expected to close around June 6, 2025, pending necessary approvals [3] Company Overview - Onyx Gold is an exploration company focused on Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [5] - The company holds a portfolio of gold projects, including the high-grade Munro-Croesus Gold property and two earlier-stage exploration properties, Golden Mile and Timmins South [5] - Onyx Gold also controls four properties in the Selwyn Basin area of Yukon Territory, which is gaining attention due to recent discoveries [5] - The management team is dedicated to creating shareholder value through responsible mineral exploration and capital allocation [5]

Core Viewpoint - Onyx Gold Corp. has successfully closed an $8 million financing through a private placement, which includes two tranches of flow-through shares aimed at funding Canadian exploration expenses related to its projects in Ontario and Yukon [1][3][9]. Financing Details - The financing consists of a "bought deal" private placement totaling $8,038,000, which includes the issuance of 5,000,000 common shares at $1.00 each for Tranche 1, generating $5 million, and 3,100,000 common shares at $0.98 each for Tranche 2, generating $3,038,000 [1][2]. - The offering was led by Cormark Securities Inc. and Agentis Capital Markets, with a cash commission of 6% on gross proceeds amounting to $482,280 [2]. Use of Proceeds - The proceeds from both tranches will be used to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" on or before December 31, 2026, with renouncement of these expenditures to subscribers effective December 31, 2025 [3][11]. - The Tranche 1 shares will also qualify for the "Ontario focused flow-through share tax credit" [3]. Non-Brokered Private Placement - In addition to the above, the company announced a $3 million non-brokered private placement with strategic investors, which will now include a second tranche of flow-through shares, potentially raising up to $5.39 million in total [9][10]. - The first tranche of the non-brokered private placement is expected to close around May 29, 2025, while the second tranche is anticipated to close around June 6, 2025 [12][13]. Company Overview - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory, including high-grade mineralization properties [16].

Core Viewpoint - Onyx Gold Corp. is initiating a 10,000-meter Spring Drill Program at its Timmins properties, focusing on the Argus North discovery, which has shown promising high-grade gold mineralization [1][2][10] Group 1: Drill Program Details - The Spring Drill Program aims to follow up on the Argus North discovery, which has been tested by one drill hole, MC24-163, that intersected 3.4 g/t Au over 69.6 m, including a high-grade subzone of 13.9 g/t Au over 9.5 m [1][10] - The initial Phase 1 program will involve step-out drilling to extend the mineralization up-dip, down-dip, and along strike to the east and west [3][4] - Approximately 1,500 meters of the 10,000-meter program will be allocated for reconnaissance drilling at the Golden Mile property, targeting a key northern splay of the Pipestone Fault [6] Group 2: Geological Context and Potential - The Argus North zone is interpreted to be near-vertical and sub-parallel to the east-west trending Argus Main, which is located 3 km northwest of the past-producing Croesus Gold Mine [10][7] - Historical and recent trenching suggests multi-kilometer scale potential along trend that remains untested by drilling, with plans to target this larger scale potential, including first-ever drilling in the Argus West area [5] - The Argus Main Zone has shown improving gold grades and widths, with a highlight of 1.0 g/t Au over 63.0 m in drill hole MC24-166 [9] Group 3: Financial and Operational Aspects - The company has recently announced an upsized financing of $11 million, providing flexibility to expand the drill program based on initial successes [2] - The drilling will be conducted with a separate drill rig dedicated to the Argus North drilling at Munro Croesus, ensuring operational efficiency [6]