20268 releases
Fox Tungsten Announces Passing of Former CEO Mike Cathro
Former Chief Executive Officer Michael "Mike" Cathro died on April 22, 2026, in Kamloops, British Columbia, following a battle with cancer. Stephen Gray is President and Chief Executive Officer of Fox Tungsten Ltd. (TSXV: FOXT), which holds British Columbia projects including the Fox Tungsten deposit, the Silverboss molybdenum-copper-gold-silver project and the adjacent Hen-Art-DL gold and silver project, as well as 2,347,220 common shares of Metal Energy Corp.
NewsFox Tungsten Closes Bought Deal Private Placement for Gross Proceeds of C$12.7M
A bought deal private placement closed for gross proceeds of C$12,736,500, comprising 6,100,000 hard dollar units at C$0.165 and 48,875,000 charity flow-through units at C$0.24, including partial exercise of the over-allotment option of 6,875,000 Charity FT Units. Each unit includes one share and one-half warrant exercisable at C$0.22 until April 23, 2029; underwriters received C$823,845.91 in cash commission and 3,566,128 broker warrants. Hard dollar proceeds will fund exploration at the Fox Tungsten Project in British Columbia and working capital.
FinancingFox Tungsten Announces Appointment of Mark Wellings and Greg Huffman to the Board of Directors and Grants Incentive Stock Options
Mark Wellings and Greg Huffman have been appointed directors of Fox Tungsten Ltd., effective April 13, 2026. Wellings was nominated by investment funds managed by Waratah Capital Advisors Ltd. under its right to name a replacement following Grant McAdam's resignation from the board on March 24, 2026. The Company also granted stock options to certain directors, officers and consultants for up to 1,000,000 common shares at $0.20 until April 13, 2031, subject to TSX Venture Exchange acceptance.
ManagementFox Tungsten Announces Resignation of Director
Grant McAdam has resigned from the board of directors of Fox Tungsten Ltd., effective immediately. The resignation follows Canadian securities law requirements that prohibit registered advisers such as Waratah Capital Advisors Ltd. from investing in an issuer when one of its investment team members serves as an officer or director; Waratah-managed funds intend to participate in the offering disclosed in the Company's March 24, 2026 news release on a pro rata basis. Waratah has confirmed it intends to nominate a replacement director.
ManagementFox Tungsten Announces Bought Deal Private Placement for Gross Proceeds of C$11M
A bought deal private placement for aggregate gross proceeds of C$11,086,500 has been agreed with Stifel Nicolaus Canada Inc. as co-lead underwriter and sole bookrunner, alongside PowerOne Capital Markets Limited, comprising 6,100,000 hard dollar units at C$0.165 and 42,000,000 charity flow-through units at C$0.24, each unit including half a warrant exercisable at C$0.22 for 36 months. The underwriters hold an option for up to an additional $1,650,000 of units. Closing is expected on or about April 23, 2026, subject to TSX Venture Exchange approval.
Financing
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