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Juggernaut Exploration Announces $1 Million Financing for Eldorado Porphyry System
Vancouver, British Columbia — July 3, 2025 — NewsWall — Juggernaut Exploration Ltd. has announced a $1,000,000 hard dollar financing from a strategic investor to support the newly discovered 11 km Highway of Gold surrounding the Eldorado porphyry system on the Big One property.
The discovery is located near Newmont Mining’s Galore Creek in an area of glacial and snowpack abatement. The Big One Project, covering 33,693 hectares in British Columbia’s Golden Triangle, previously announced assays up to 79.01 g/t gold and 3157.89 g/t silver from over 200 polymetallic veins.
The company will issue 1,562,500 hard dollar units priced at $0.64 each, subject to TSXV Exchange approval. Each unit includes one common share and one warrant at $0.84 for a sixty-month period, with a forced accelerated conversion if the stock trades at or above $1.84 for 10 consecutive days. The placement is scheduled to close on July 14th, 2025, with proceeds for general working capital.
Mr. Dan Stuart, Director, President, and CEO of Juggernaut, stated that the investment, coupled with support from other institutions and senior miners, demonstrates the discovery potential of their properties. Since May, the Company has raised ~$12,500,000, and post-financing will have a tight capital structure of 30,985,170 shares, no debt, and a strong cash position to move forward with drilling The Big One Discovery.
All shares issued will be subject to a four-month hold period from the closing date.
Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in British Columbia's Golden Triangle.
For more information, contact Dan Stuart, President, Director, and Chief Executive Officer, at 604-559-8028 or info@juggernautexploration.com.
Source: Juggernaut Exploration Ltd.