Doubleview Gold raising $10 million for B.C. project
Doubleview Gold Corp. [DBG-TSXV, DBLVF-OTCQB, A1W038-FSE] has announced details of a non-brokered private placement of flow-through shares and non-flow-through units that is expected to raise up to $10 million.
The company said proceeds will be used to fund the current exploration and general working capital. Proceeds of the sale of the FT shares will be used for exploration work on its B.C. projects, particularly for the polymetallic Hat Project in northwestern B.C. This work includes drilling, geological advisory and analytical services as well as other development work and other “Canadian exploration expenses” that qualify as “flow-through mining expenditures” (as defined in the Income Tax Act (Canada).
The flow-through portion of the private placement will consist of up to 5.0 million flow-through shares priced at $1.00 per FT share, raising up to $5.0 million.
Additionally, the company will issue up to 7.14 million hard dollar (non FT units) priced at 70 cents per non-FT Unit, raising up to $5.0 million. Each non-FT unit will consist of one common share and one full warrant at an exercise price of $1.00 for 24 months from the date of issue. Each warrant shall be subject to an accelerated expiry date at the option of the company in the event that the shares trade at $1.25 or more for 10 consecutive trading days.
Doubleview shares were unchanged Friday at 84 cents and trade in a 52-week range of $1.09 and 29 cents.
In a press release on October 23, 2025, Doubleview said drilling at the Hat polymetallic deposit has extended the mineralized system approximately 320 metres eastward, further confirming that the deposit remains open in multiple directions. Drilling results are expected to contribute significantly to the upcoming mineral resource estimate. The 2025 program consists of 10,200 metres in 14 holes.
The Hat polymetallic porphyry deposit is one of a small number of North American deposits that contains significant amounts of scandium, a rare metal that is deemed critical for economic and national security by the Canadian and American federal governments.
In July, 2024, the company announced a maiden open pit resource estimate (MRE) for the Hat project. It was highlighted by an indicated resource of 150 million tonnes of containing 1.35 billion pounds of copper equivalent (CuEq) at 0.408% CuEq, including 733 million pounds of copper, 28 million pounds of cobalt, 929,000 ounces of gold and 2.0 million ounces of silver.
On top of that is an inferred resource of 477 million tonnes containing 3.62 billion pounds of CuEq at 0.344% CuEq, including 1.94 billion pounds of copper, 91 million pounds of cobalt, 2.3 million ounces of gold and 7.57 million ounces of silver.
According to the MRE, The Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc203, material that is confined solely to the resource blocks that meet a cut-off grade of 0.2% CuEq within the open pit shell that defines the extent of the mineral resource estimate.