Errington and Alaska Silver Close C$34.5M and C$7.6M Brokered Raises in August 2026

Two brokered deals closed in August 2026 — Errington Metals Corp. (TSXV: EM) at C$34,515,679.50 and Alaska Silver Corp. (TSXV: WAM) at C$7,615,800 — extending the TSXV's year-to-date financing run into month-end.

Errington closed the larger of the two on August 11, 2026: a best-efforts brokered private placement for aggregate gross proceeds of C$34,515,679.50, per the company's news release published on Junior Mining Network. The structure ran two tranches — 1.93 million flow-through shares at C$5.19 each for C$10 million directed at eligible Canadian and Ontario critical minerals exploration spending, and 7.004 million common shares at C$3.50 each for C$24.5 million directed at continued exploration at Sudbury and general working capital. Errington must incur the flow-through expenditure by December 31, 2027 and renounce it to initial purchasers with an effective date no later than December 31, 2026, per the same release. The capital feeds a 45,000-metre drill program at the wholly owned Sudbury Basin Project, which hosts high-grade volcanogenic massive sulphide (VMS)-style mineralization; the program is sized to support an initial mineral resource estimate and test regional targets.

Alaska Silver closed its PIPE financing on August 17, 2026, raising C$7,615,800 (approximately US$5,480,000), per the company's announcement in The Globe and Mail markets news. The company issued 13,846,910 units at C$0.55 per unit. Each unit carries one common share and one warrant to purchase an additional share at C$0.75, exercisable for three years from the date of issuance. Crescat Capital LLC — already holding approximately 13.8% of Alaska Silver's outstanding common shares — participated specifically to maintain its ownership interest, per the same announcement. Proceeds expand the 2026 exploration program at the Illinois Creek Project: an ongoing 6,000-metre drill program scales to approximately 9,000 metres, with the added capacity pointed at priority targets including Waterpump Creek and Silver Sage.

The TSXV's year-to-date 2026 financings rose 88.5% to C$7.57 billion, per TMX. TSX year-to-date financings climbed 35.5% to C$12.97 billion, with IPO proceeds up 71.9% to C$2.3 billion, per TMX. July 2026 TSXV financings raised C$694.68 million across 100 transactions — down 12% from June but down only 2% from July 2025, per TMX.

The macro backdrop heading into month-end: the 10-year Treasury yield fell more than 7 basis points to 4.625% in the week ended August 28, 2026, per CNBC. Markets closed Friday, August 28, pricing roughly a 57% probability of a rate increase at the Federal Reserve's September 15–16 meeting, per STL News, with the federal funds rate currently held at 3.50% to 3.75%, per iShares.

The week ahead brings the August U.S. employment report on September 4, which per STL News could significantly influence expectations heading into the Fed's September 15–16 FOMC meeting.