Opawica Explorations Inc. (TSXV: OPW | OTCQB: OPWEF) has announced a non-brokered private placement of up to $2,950,000, anchored by a $1,050,000 lead order from strategic investors. The offering combines flow-through common shares and non-flow-through units, with proceeds directed toward Canadian exploration expenses and general working capital. The announcement signals the company's intent to advance its gold and critical mineral properties in Québec's Abitibi Gold Belt.

Key Points

  • Opawica Explorations Inc. (TSXV: OPW | OTCQB: OPWEF) is a junior Canadian mineral exploration company operating in the Rouyn-Noranda region of Québec.
  • The company announced a non-brokered private placement of up to $2,950,000 through flow-through shares at $0.17 and non-flow-through units at $0.15 per unit.
  • Each non-flow-through unit includes one common share and one-half warrant exercisable at $0.30 for two years; the offering requires TSXV approval.
  • Investors may watch for TSXV approval, closing details, and how proceeds are deployed across the company's Abitibi Gold Belt properties.

Structure of Opawica's Flow-Through and Unit Offering

The offering is structured in two components. Flow-through common shares are priced at $0.17 per share, while non-flow-through units are priced at $0.15 each. Every non-flow-through unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at $0.30 for a period of two years from closing. The company also retains the right to accelerate warrant expiry if its share price trades at or above $0.40 for 10 consecutive trading days, subject to a minimum 30-day notice period.

Use of Proceeds for Abitibi Gold Belt Exploration and Critical Mineral Tax Credits

Proceeds from the flow-through component are designated for Canadian Exploration Expenses on Opawica's gold and critical mineral properties, and the company states these expenditures are intended to qualify for the Critical Mineral Exploration Tax Credit. Proceeds from the non-flow-through units will support general working capital. All securities are subject to a statutory hold period of four months and one day from issuance under applicable Canadian securities laws, and the offering remains conditional on TSXV approval. Finder's fees may be paid in accordance with TSXV policies.

Investor Awareness Agreement with Market Equities Limited

Separately, Opawica disclosed it has entered into an Investor Awareness Agreement with Market Equities Limited, dated October 26, 2026, for a two-month initial term at a fee of $50,000 USD, subject to TSXV acceptance. Services under the agreement include branding, digital media campaigns, SEO, media consulting, and distribution of weekly sector-based articles. The release states that Market Equities Limited and Opawica are arm's-length parties, and that neither the firm nor its principals hold any direct or indirect interest in the company's securities.