20264 releases
Scout Discoveries Announces 14.9% Strategic Investment by Agnico Eagle and an Earn-In Agreement in Idaho; Electrum Increases to 30% Ownership in Combined US$25 Million Private PlacementScout Discoveries Corp. closed a $25 million private placement, with Agnico Eagle Mines taking a 14.9% stake and The Electrum Group increasing ownership to 30%. Agnico Eagle also gained the right to earn up to 70% interest in Scout's Elk City and Muldoon projects in Idaho.
Agnico Eagle Mines has agreed to invest $14,769,411 for 9,846,274 shares at $1.50 per share, giving it 14.9% fully diluted ownership of Scout Discoveries, while The Electrum Group invests $10,233,052.50 for 6,822,035 shares, raising its stake from 27% to 30%, for a total $25,002,463.50 private placement with no warrants or fees. Agnico Eagle may earn up to 70% in the Elk City and Muldoon projects in Idaho by funding $60 million and $30 million respectively over eight years, with about $9.4 million budgeted through 2027.
FinancingScout Discoveries Announces 14.9% Strategic Investment by Agnico Eagle and an Earn-In Agreement in Idaho; Electrum Increases to 30% Ownership in Combined US$25 Million Private Placement
Agnico Eagle has invested US$14,769,411 for 9,846,274 shares at US$1.50 each, taking 14.9% fully diluted ownership, while The Electrum Group invested US$10,233,052.50 for 6,822,035 shares, raising its stake from 27% to 30%, in a US$25,002,463.50 private placement with no warrants or fees. Agnico Eagle may earn up to 70% in the Elk City and Muldoon projects in Idaho by funding US$60 million and US$30 million respectively, with about US$7 million of programs planned in year one.
FinancingScout Discoveries Provides Phase I Drill Program Update at the Cuddy Mountain Porphyry Copper Project, Idaho
Drilling has begun at the Cuddy Mountain porphyry copper-molybdenum project in Idaho, the first drilling there in over 40 years, as part of a Phase I core program of up to 10,000 metres using one company-owned rig. Two holes (CM-25-001, 002) are complete and a third is underway at the Climax target, totalling 1,100 metres, with assays pending. Drilling will move to the IXL and Railroad targets as snow melts, with permits allowing drilling through fall 2026.
Drill resultsScout Discoveries Announces Closing of US $6.0 Million Non-Brokered Private Placement
A non-brokered private placement closed for gross proceeds of US $6,024,748.50 through the issuance of 4,016,501 common shares at US $1.50 per share to 62 subscribers, with more than 70% of funds from existing shareholders. Proceeds will fund exploration, including drilling, target definition and general corporate purposes. The company cited an implied post-money, fully diluted valuation of approximately US $72 million and plans continued drilling at Cuddy Mountain, work at the Speed Goat Au-Cu project in Nevada, and drilling with partner Centerra at Lehman Butte in Q1 2026.
Financing
20255 releases
Scout Discoveries Executes US $30.0 Million Earn-In Agreement with Centerra Gold for the Lehman Butte Epithermal Au-Ag Project, Idaho
Centerra Gold can earn up to a 70% interest in Scout Discoveries' Lehman Butte epithermal Au-Ag project in Custer County, Idaho, by spending US$30.0 million over eight years in two stages: US$15.0 million within five years for 51%, then a further US$15.0 million over three years for an additional 19%. Centerra commits US$2.0 million in the first two years and pays $75,800 within 30 business days of the August 8, 2025 effective date. Scout operates at cost plus 20%, with a 5,000-metre Phase I core drilling program planned for spring-summer 2026. Scout also signed an all-in drilling contract with Mammoth Minerals for an initial 1,500-metre program in Nevada.
AcquisitionScout Nr Speed Goat Results And Update On Activites Aug2025
Phase II drilling at the Speed Goat porphyry Au-Cu-Ag project in Nevada's Battle Mountain region returned 357.5m from surface @ 0.35 g/t Au, 0.11% Cu, 1.66 g/t Ag (0.46 g/t AuEQ) in SG25-06, including 38.9m @ 1.02 g/t Au, 0.27% Cu, 2.25 g/t Ag within 164.8m @ 0.67 g/t AuEQ; SG25-05 returned 317.9m @ 0.37 g/t AuEQ from surface. The 2,000m, 6-hole program is complete. Scout is finalizing permits for 18 drill sites at Cuddy Mountain, with drilling expected September or October, and has expanded from two to four core rigs under contracts with Hercules Metals, IDEX Metals and Wolfden Resources.
CorporateScout Discoveries Reports Significant Drill Results from the Robber Gulch, South Orogrande, and Erickson Ridge Gold Projects, Idaho; Outlines Plans for 2025
Drill results from three Idaho gold projects: Robber Gulch returned 17.4 meters at 1.00 g/t Au oxide within 149.1 meters at 0.21 g/t Au from surface across seven holes totaling 1,389 meters; South Orogrande delineated a 750-meter strike length over eleven holes with 173.0 meters at 0.12 g/t Au and 0.4 meters at 9.24 g/t Au; Erickson Ridge hole EK-24-01 cut 28.8 meters at 1.43 g/t Au within 211.1 meters at 0.40 g/t Au. Internal drilling costs were U.S. $354 and $239 per meter. For 2025, Scout plans Phase I drilling at Cuddy Mountain and a Phase II program at Speed Goat, Nevada.
Drill resultsScout Strengthens Board, Management and Advisory Team
Liz Monger has joined Scout Discoveries Corp.'s board as an independent director, bringing over 27 years in investor relations, communications and compliance, including 10 years at Midas Gold (now Perpetua Resources). Patrick Donovan was promoted from Principal Geologist to Vice President of Exploration, and Amanda Irons from Senior Geologist, Director of Business Development to Vice President of Corporate Development; Irons serves as Qualified Person. Porphyry copper specialist Dr. Federico Cernuschi joins as Technical Advisor, supporting the Cuddy Mountain copper project in Idaho.
ManagementScout Selected for BHP Xplor’s 2025 Accelerator Program
Selection as one of eight companies in BHP's 2025 Xplor accelerator program, chosen from hundreds of applicants, provides Scout Discoveries Corp. with up to US$500,000 in non-dilutive funding over the six-month program, plus in-kind services, mentorship and access to BHP's networks. Scout will use the funding for target generation, field geology and project acquisition aimed at copper deposits in the northwestern United States. The Coeur d'Alene, Idaho-based company holds rights to fourteen precious and base metal projects in Idaho.
Corporate
20244 releases
Scout Closes Private Placement and Welcomes New Strategic Shareholder
A non-brokered private placement of 5,750,200 shares at US$1.00 per share closed for gross proceeds of US$5,750,200, including a US$2,500,000 investment by Teck Resources Limited for approximately 6.8% ownership of Scout. The Electrum Group has also executed a share purchase agreement for a second US$4,000,000 investment at US$1.00 per share, with funds to be delivered in the first quarter of 2025. Total proceeds of US$9,750,200 will fund exploration, notably the Cuddy Mountain porphyry copper project in western Idaho, and working capital.
FinancingScout Summarizes 2023 Results Including 100.6m @ 1.18 g/t Au Drilled at Erickson Ridge and Outlines 2024 Corporate Strategy
Five core holes totalling 846 metres at the Erickson Ridge gold project in Idaho returned gold in all holes, highlighted by EK-23-05 with 100.6m @ 1.18 g/t Au from surface, including 50.6m @ 2.11 g/t Au and 1m @ 21.8 g/t Au; EK-23-04 returned 88.3m @ 1.19 g/t Au. Scout raised US$10.3M in seed financing at US$0.50 per share, including a US$4.0M placement with The Electrum Group that closed December 29, 2023, and generated about US$1.2M of 2023 contract drilling revenue.
CorporateScout Discoveries Announces Strategic Partnership with The Electrum Group and US $4.0M Private Placement
A US $4,000,000 non-brokered private placement of 8,000,000 common shares at US $0.50 per share has closed with The Electrum Group, alongside a strategic partnership. Electrum holds an option to invest a further US $4,000,000 for 4,000,000 shares at US $1.00 per share before December 29, 2024 or a public listing, whichever comes first. Electrum now owns 28.4% of Scout (37.3% if the option is exercised), may nominate up to two directors, has agreed to vote with Scout's recommendations for three years, and holds pro rata participation rights. Scout is based in Coeur d'Alene, Idaho.
FinancingScout Discoveries Acquires Option on Robber Gulch Project, Idaho from Ridgeline Minerals Corp.
An Assignment and Assumption Agreement dated February 16, 2024 gives Scout Discoveries 100% of Ridgeline Minerals' interest in the Robber Gulch oxide gold project in Cassia County, Idaho, including the underlying EMX Royalty option, for $50,000 cash plus 200,000 Scout shares valued at US$0.50 each, totalling $150,000 and subject to TSX Venture Exchange approval. Scout can earn 100% from EMX via $750,000 in option payments over five years, 150,000 shares, and $650,000 in exploration expenditures, with EMX retaining a 3.25% NSR.
Acquisition
20234 releases
Scout Discoveries Closes US $5.27M Private Placement and Appoints Dr. Neil Adshead to the Board of Directors
A non-brokered private placement of 10,535,000 shares at US$0.50 per share closed for gross proceeds of US$5,267,500, with the Commodity Discovery Fund as lead order. An additional 2,186,268 shares were issued to Bronco Creek Exploration Inc., a wholly-owned subsidiary of EMX Royalty Corporation, under a now-satisfied 19.9% non-dilution right. Proceeds will fund exploration at Scout's Idaho projects, notably Cuddy Mountain, and working capital. Dr. Neil Adshead joins the board as an independent director; David Poynton resigned.
FinancingScout Discoveries Closes EMX Transaction and Seed Financing
Acquisition of 100% of four Idaho precious-base metal projects — Erickson Ridge, South Orogrande, Lehman Butte and Jacknife — from EMX Royalty subsidiary Bronco Creek Exploration closed July 31, 2023 for 1,057,955 Scout shares (19.9%), royalties, and pre-emptive and non-dilution rights to $5M raised. Scout also took a non-exclusive option on ten further Idaho projects by March 31, 2024 at $250,000 per project, and bought Scout Drilling LLC for a two-year $1.5M promissory note ($1.1M if paid within one year). A $750,000 seed offering of 1,500,000 shares at $0.50 closed concurrently; 847m of core drilling at Erickson Ridge is complete with assays pending.
AcquisitionScout Discoveries Executes Definitive Agreements with EMX Royalty For Idaho Projects, Business Unit, and Drilling Division
Definitive agreements have been signed with Bronco Creek Exploration Inc., a subsidiary of EMX Royalty Corporation, under which Scout will acquire a 100% interest in fourteen precious-base metal projects in Idaho, the Idaho Business Unit, and core drilling subsidiary Scout Drilling LLC. EMX's 19.9% non-dilution right will continue until Scout raises $7.5 million, down from $10 million, and the Scout Drilling purchase price falls from $1.5 million to $1.1 million if completed within 12 months of closing. Scout must raise a minimum of $3,000,000 to close, with closing planned for May 31, 2023.
AcquisitionScout Discoveries Acquires Idaho Portfolio of Precious and Base Metal Projects, Idaho Business Unit, and Drilling Division from EMX Royalty
A letter of intent has been signed for Scout Discoveries to acquire 100% of a portfolio of fourteen precious and base metal projects in Idaho, plus EMX Royalty's Idaho Business Unit and core drilling subsidiary Scout Drilling LLC. Consideration includes issuing 19.9% of Scout's shares to EMX, raising a minimum of $3,000,000 in exploration capital, advance annual royalty and milestone payments, and staged payments for the drilling subsidiary. A definitive agreement is contemplated by March 31 and closing by May 1, 2023.
Acquisition