Xali Gold

Xali Gold fully subscribed a private placement, issuing 4,000,000 common shares at C$0.25 per share for gross proceeds of C$1,000,000. Approximately 75% of the funds are designated for exploration and development of the Pico Machay gold project in Peru; the remainder will be used for working capital and general corporate purposes. The shares are subject to a four-month-and-one-day hold period, the transaction has conditional approval from the TSX Venture Exchange, and a broker fee of 6% applies. With a current ratio of 0.32, the capital injection is material for the company’s ongoing operations. » More on de.investing.com

Xali Gold has appointed Chafika Eddine to its board with immediate effect; she brings more than 25 years of experience in governance, risk management and mining projects in Canada, Peru and Mexico. The company changed auditors from Saturna Group to Charlton & Co effective March 12, 2026. Xali Gold granted 5,000,000 stock options at an exercise price of $0.25, expiring March 17, 2031. The exploration company is focused on the Pico Machay project in Peru and holds interests in Mexico; the share price rose 983% over six months and is trading at $0.24 (market capitalization $38.1m), and an analysis by InvestingPro indicates potential overvaluation. » More on de.investing.com

Xali Gold has closed the first tranche of an unsubscribed private placement for C$1.5m, issuing 15 million units at C$0.10 each, each unit consisting of one common share and one-half warrant. Whole warrants are exercisable within 18 months at C$0.20; the term includes an acceleration clause in the event of sustained higher prices. US$500,000 of the proceeds will be used to pay Pan American Silver for the acquisition of the Pico Machay gold property in Peru; the remainder will be used for exploration and working capital. Two directors participated, the company paid a 6% cash finder's fee, and a second tranche of up to C$0.5m is planned for early January 2026. » More on de.investing.com