Gold Storm Metals Company (gstm(TSXV) announced details of the non-brokered private placement financing, which is expected to raise gross proceeds to $4.0 million.
The private placement will consist of a combination of HD units at 20 cents each, flow through units (FT units) at 24 cents each, as well as charitable FT units at 31 cents each, the company said.
Each HD Unit will consist of one common share and one-half of a common share purchase warrant. Each warrant gives the holder the right to purchase one common share at an exercise price of 30 cents for a period of 36 months after closing.
Each FT Unit and FT Charitable Unit will consist of one common share which will be issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one common share which will be issued on a non-flow-through basis.
The proceeds are allocated to exploration expenditures in British Columbia to be incurred on or before December 31, 2027, and are relinquished with an effective date not later than December 31, 2026 to the initial purchasers of the FT and CFT units. The offer is expected to close during the week of April 30, 2026.
On Friday, Goldstorm shares fell 8.3%, or $0.02, to 22 cents. Shares are trading in a 52-week range of 35 cents and $0.075.
Goldstorm has a large, strategic land position in British Columbia’s Golden Triangle region. Goldstorm’s two flagship projects, Crown and Electrum, cover a total area of 16,469 hectares across six concessions, of which five are contiguous. The Crown development is located just south Seabridge Gold Company (sea-TSX, on-NYSE) KSM’s gold and copper deposits Newmont Company (no-NYSE) Brucejack/Valley of the Kings Gold Mine. Electrum is located directly between the Prosjak mine, about 20 kilometers to the north, and the former producing Selpak Premier mine, 20 kilometers to the south.
In January 2026, Goldstorm announced its 2026 strategy to strengthen Crown ownership. Plans include launching a phase 1 drilling program of approximately 3,000 meters in length and targeting the Copernicus gold-copper geochemical trend overlying a 1.2 km long IP chargeability anomaly. The company said it intends to pursue a Phase 2 drilling program of approximately 6,000 meters if the results of Phase 1.0 drilling at Orion Spine and Copernicus justify it.
Goldstorm aims to expand the size of its Delta West discovery which consists of several parallel, high-grade, gold-bearing, shear-hosting structures with exploration, mapping and sampling programmes. It will also prospect, map and sample the Electrum, Fairweather and Delta (EFD) claims, where EFD Trend Precious Metals has produced high-grade gold and ultra-premium silver values from historical prospecting and sampling. In a subsequent press release dated April 8, 2026, the company said the Copernicus Zone hosts highly potential drilling targets within an area measuring 1.2 km north-south and 800 meters east-west, centrally located on the Crown Property.
