20268 releases
55 North Cuts 19.42 m of 2.49 g/t Au Including 4.50 m of 5.34 g/t Au Extends Last Hope Gold Mineralization 300 Metres Along Strike
Winter diamond drilling at the Last Hope Gold Deposit in northern Manitoba extended gold mineralization 300 metres beyond the limit of the current mineral resource estimate. Hole LH26-02 returned 2.49 g/t Au over 19.42 m from 211.58 m downhole, including 4.50 m at 5.34 g/t Au, while LH26-04 cut 6.91 g/t Au over 2.56 m, including 1.33 m at 12.60 g/t Au, and LH26-07 returned 13.60 g/t Au over 1.00 m. Seven holes were drilled; results will support an updated resource estimate.
Drill results55 North Mining Inc. Announces Name Change to “55 North Gold Inc.” and Election of Two New Directors
Shareholders of 55 North Mining Inc. approved a special resolution changing the company's name to 55 North Gold Inc. at the annual general and special meeting held June 22, 2026, subject to regulatory approvals and issuance of a certificate of amendment. The board was set at six directors, with Wayne Parsons, Bruce Reid, Sandra Jackson, Herbert Urton, Hugh Aird and Peter Simeon elected; Aird and Simeon are new. Shareholders also re-approved the restricted share unit plan.
Corporate55 North Mining Inc. Appoints Michael Thompson, P.Geo., as VP of Exploration
Michael Thompson, P.Geo., has been appointed Vice President of Exploration of 55 North Mining, effective immediately. Thompson has over 25 years of mineral exploration experience, is a founding partner of Fladgate Exploration Consulting, previously served as President and CEO of Kesselrun Resources, and held roles with Teck Resources, Placer Dome and Goldcorp. He will work on the Last Hope Gold Project in Manitoba, located about 10 km southeast of Alamos Gold's Linkwood and BT deposits.
Management55 North Mining Announces Leadership Transition: Wayne Parsons Appointed CEO and Bruce Reid Named Executive Chairman
Wayne Parsons has been appointed Chief Executive Officer of 55 North Mining Inc. (CSE:FFF), effective immediately, with Bruce Reid, CEO since the Company's formation, moving to the role of Executive Chairman of the Board. Parsons will focus on corporate growth, financing initiatives and investor engagement, while Reid will work with the Board on strategic development of the Company's assets. 55 North is advancing its 100% owned Last Hope Gold Project in Manitoba, Canada.
Management55 North Mining Announces Closing of Flow-Through Financing
A non-brokered flow-through private placement has closed, with 1,702,800 flow-through common shares issued at $0.745 per share for gross proceeds of $1,268,586.02, with no warrants and a four-month hold period. Proceeds will fund eligible Canadian exploration expenditures at the Last Hope Gold Project in Manitoba. Exploration drilling is underway with one drill rig operating on the project, and a detailed operational update is to follow.
Financing55 North Mining Announces Flow-Through Financing
A non-brokered flow-through private placement of 1,596,000 flow-through common shares at $0.745 per share for gross proceeds of approximately $1,189,020 is planned by 55 North Mining, expected to close on or about February 26, 2026. No warrants are being issued and the securities carry a four-month hold period. Proceeds will fund Canadian exploration expenses at the Last Hope Gold Project in Manitoba, where one drill rig is currently operating.
Financing55 North Mining Announces Winter Exploration Drill Program at Last Hope Gold Project
A 2026 winter exploration drill program is underway at the 100%-owned Last Hope Gold Project in Manitoba, with one drill rig mobilized on site. The program will test potential extensions of mineralization southeast of the current mineral resource and refine the geological model. Drill results are expected approximately 4–6 weeks after drilling is completed, with an updated mineral resource estimate planned later in 2026; the previous estimate was completed in September 2021 using a US$1,650/oz gold price.
Drill results55 North Mining Secures 100% Ownership of the Last Hope Gold Project
A required property payment has been completed on the Last Hope Gold Project in Manitoba, giving 55 North Mining 100% ownership. A drill rig is mobilizing with drilling expected to start in mid-January as part of the 2025-2026 program, targeting step-out fences of two to three holes roughly every 120 metres over an approximately 800-metre strike length south of existing zones. Drill results are expected eight to ten weeks after drilling, with an updated mineral resource estimate planned later in 2026; the prior estimate dated September 2021 used US$1,650/oz gold.
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20258 releases
55 North Mining Appoints Wayne Parsons as Executive Chair; Strengthens Leadership as the Company Advances the Last Hope Gold Project
Wayne Parsons has been appointed Executive Chair of the Board of 55 North Mining Inc., effective January 1, 2026. Parsons has over 20 years of investment experience at BMO, RBC and National Bank Financial, runs a mining-focused consulting practice covering capital markets strategy, financing execution and investor engagement, and previously served on the board of Bunker Hill Mining Corp. The Company is advancing its Last Hope Gold Project in Manitoba, Canada.
Management55 North Mining Inc. Announces Completion of Third and Final Tranche of Private Placement for a Total of $4,202,000
The final tranche of a non-brokered private placement closed for gross proceeds of $200,000 through the issuance of 400,000 common shares at $0.50 per share, with no finder's shares or warrants and a four-month-plus-a-day hold period. Total raised under the offering is now $4,202,000, leaving approximately 33.25 million common shares outstanding. Proceeds will fund property payments, drilling at the Last Hope Gold Project in Manitoba, working capital and corporate overhead.
Financing55 North Mining Announces Closing of Second Tranche of Non-Brokered Private Placement Financing
The second tranche of a non-brokered private placement closed for gross proceeds of $415,000, comprising 830,000 common shares at $0.50 per share, with no finder's shares or warrants issued. Combined with the initial tranche of $3,587,000 announced October 30, 2025, total proceeds under the Offering reach $4,002,000, leaving approximately 32.83 million shares outstanding. Funds will go toward property payments, commencement of drilling at the Last Hope Gold Project in Manitoba, working capital and corporate overhead, with additional closings possible.
Financing55 North Mining Receives Drill Permits for Last Hope Gold Project and Announces Grant of Stock Options
Formal drill authorization has been received from the Province of Manitoba for the Last Hope Gold Project near Wasekwan Lake in the Lynn Lake region, allowing mobilization for the 2025-2026 winter drill program targeting down-plunge and along-strike extensions of the mineralized system. The Board also approved the grant of 1,650,000 incentive stock options to directors, officers, employees and consultants, exercisable at $0.50 per share for five years from the grant date.
Corporate55 North Mining Announces Closing of First Tranche of Its Non-Brokered Private Placement Financing, Totalling $3,587,000
The first tranche of a non-brokered private placement closed on October 30, 2025, with 7,174,000 common shares issued at $0.50 per share for gross proceeds of approximately $3,587,000. Finders received 300,240 common shares and 150,120 warrants exercisable at $0.50 for 24 months. Proceeds will fund property payments, the start of drilling programs, working capital and corporate overhead, with about 32.0 million shares outstanding and further closings of the up to 12,000,000-share offering expected.
Financing55 North Mining Inc. Announces Completion of Second Tranche of Private Placement for a Total of $ 1,220,000
The second tranche of a private placement closed with 54,200,000 units sold for proceeds of $542,000, bringing the total raised to $1,220,000. Each unit consists of one common share and one warrant exercisable at $0.01 per share for 48 months, with the warrants exercisable only where the minimum exercise price becomes $0.05 per share; shares carry a four month plus a day hold period. Proceeds will fund general corporate purposes and exploration on the company's Manitoba mineral property.
Financing55 North Mining Inc. Announces Completion of First Tranche of Private Placement and Units-for-Debt Settlement
The first tranche of a private placement closed for 68,700,000 units at proceeds of $687,000, with each unit comprising one common share and one warrant exercisable at $0.01 for 48 months; the warrants are exercisable only where the minimum exercise price becomes at least $0.05 per share through consolidation. Proceeds will fund general corporate purposes and exploration at the Company's mineral property in Manitoba. A previously announced share-for-debt settlement totalling $439,094 was also completed.
FinancingCorrection - 55 North Mining Inc. Announces An Updated Exploration Agreement with The Marcel Colomb First Nation Band
An Exploration Agreement has been signed with Marcel Colomb First Nation, setting a framework for exploration activities within MCFN Traditional Territory. Under the agreement, 55 North will issue 2 million common shares to the Marcel Colomb Band, and the Board approved a grant of 2 million stock options exercisable at $0.15 for 60 months. The company is advancing its Last Hope Gold Project in Manitoba, Canada.
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