55 North Mining Inc. is pleased to announce that it has completed the required property payment on its Last Hope Gold Project , resulting in 55 North now owning 100% of the property. With the property payment complete, 55 North has initiated mobilization of a drill rig to the Project site and expects to commence drilling in mid-January as part of its 2025-2026 drill program. The Company anticipates providing drill results [...]
55 North Mining Inc. is pleased to announce the appointment of Wayne Parsons as Executive Chair of the Board, effective January 1, 2026. Mr. Parsons brings over 20 years of experience in the investment business, having worked at BMO, RBC and most recently at National Bank Financial. He has since established a consulting practice focused on the mining sector and provides strategic advisory services to mining companies [...]
55 North Mining Inc. is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement financing for gross proceeds of $200,000. The third tranche comprises the issuance of 400,000 common shares at a price of $0.50 per share. No finder's shares or finder's warrants were issued in connection with this tranche. All Common Shares issued in connection with the Offering will [...]
55 North Mining Inc. is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement financing for gross proceeds of $415,000. As noted in the Company's press release dated October 30, 2025, the initial tranche raised gross proceeds of $3,587,000. The second tranche comprises the issuance of 830,000 common shares at a price of $0.50 per share, for total proceeds of [...]
55 North Mining Inc. is pleased to announce that it has received formal drill authorization from the Province of Manitoba for its Last Hope Gold Project, located near Wasekwan Lake in the Lynn Lake region. These approvals enable 55 North to proceed with mobilization for its upcoming 2025-2026 winter drill program, which targets down-plunge and along-strike extensions of the high-grade mineralized system at Last Hope [...]
55 North Mining Inc. is pleased to announce that it will close the first tranche of its previously announced non-brokered private placement financing on October 30, 2025, for gross proceeds of approximately $3,587,000. As noted in the Company's press release dated October 10, 2025, the Offering consists of up to 12,000,000 common shares at a price of $0.50 per share. The first tranche comprises the issuance of 7,174,000 [...]
55 North Mining Inc. is pleased to announce that it will commence a detailed LiDAR survey over its wholly owned Last Hope Gold Project in Manitoba. The airborne LiDAR survey commenced on October 16, 2025, and will provide high-resolution topographic data across the project area. The data will enable the Company to refine geological interpretations, optimize drill targeting, and support upcoming winter access and logistics [...]
55 North Mining Inc. is pleased to provide an update on its planned 2026 drill program, which may begin as early as late 2025 if conditions allow for safe and efficient winter drilling. The upcoming program will focus on step-out drilling to the south of the Company's existing zones. The Company plans initially to drill 8 fences of two holes approximately every 120 metres, expanding the footprint of known mineralization [...]
55 North Mining Inc. is pleased to announce that it intends to complete a non-brokered private placement financing of up to 12,000,000 common shares of the Company at a price of $0.50 per share, for gross proceeds of up to $6,000,000. The Offering will not include any warrant component. The Company has obtained price protection from the Canadian Securities Exchange for the Offering at $0.50 per share. 55 North Mining [...]
55 North Mining announces that, subject to regulatory approval, it intends to effect a consolidation of the Company's issued and outstanding common shares on the basis of twelve and one-half existing Shares for one new Share. The Company currently has 306,846,234 Shares issued and outstanding on a pre-consolidation basis. Following the proposed Consolidation, the Company will have approximately 24,547,698 Shares issued [...]
55 North Mining announces that it has closed the second tranche of a private placement financing of 54,200,000 units for proceeds of $542,000 bringing the total to $1,220,000. Each Unit is comprised of one common share and one common share purchase warrant entitling the holder to acquire one additional common share at a price of $0.01 per share for a period of 48 months from the date of issuance. All Common Shares issued [...]
55 North Mining is pleased to announce that the Company and Marcel Colomb First Nations have signed an Exploration Agreement outlining a framework for collaboration on the proposed exploration of the Last Hope Gold Project. The Agreement details how the two parties will work together to progress ongoing exploration activity at the Last Hope Gold Project, which lies within the MCFN Traditional Territory in the Lynn Lake [...]
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