Aztec Minerals Closes Upsized C$6.4 Million Private Placement
Aztec Minerals Corp. announced the closing of an upsized private placement, raising C$6.4 million. The funds will be used for exploration at its Arizona and Mexico projects and for general working capital.
Vancouver, Canada – Aztec Minerals Corp. announced on September 22, 2026, the closing of a bought deal private placement that generated gross proceeds of C$6.4 million. The company sold 20,010,000 units at C$0.32 per unit.
Stifel Canada acted as the sole underwriter for the offering. The underwriter exercised its option to purchase additional units, increasing the total proceeds from the placement.
The net proceeds are earmarked for exploration activities at Aztec Minerals' Tombstone project in Arizona and its Cervantes project in Sonora, Mexico. The company will also use a portion of the funds for general working capital purposes.
Aztec Minerals is an exploration company focused on projects in North America. Its shares are traded on the TSX-V and OTCQB exchanges.