Barrick Mining Corporation has agreed to invest approximately C$20,885,761 in Kingfisher Metals Corp through a non-brokered private placement. The investment involves the subscription of 15,470,934 units at a price of C$1.35 per unit. This strategic move will result in Barrick holding a significant equity stake in Kingfisher, strengthening its position in the metals sector.

Transaction Details

Each unit subscribed to by Barrick consists of one common share and one-half of a common share purchase warrant. The warrants issued will entitle the holder to acquire one additional common share at a price of C$1.70 per share for a period of two years from the date of issuance.

Post-Transaction Ownership

Currently, Barrick does not hold any shares in Kingfisher Metals Corp. Following the closing of the private placement, the ownership structure will shift considerably. Barrick will acquire a substantial interest in the company through the purchased units and the associated warrants.

The partially-diluted ownership percentage assumes the exercise of all warrants held by Barrick. The transaction marks a significant development in the relationship between the two mining entities.

Barrick Mining Corporation will release its second quarter 2026 financial results before markets open on August 10, 2026. The company, a leading global mining and exploration firm, will host a live webcast and presentation at 11:00 AM ET the same day to discuss the findings.

Event Details

The results release is scheduled for 6:00 AM ET on August 10, 2026. Management will conduct a question-and-answer session with analysts during the subsequent webcast.

Investors can register for the webcast through Barrick’s official website. Presentation materials will be made available prior to the event, with a replay accessible shortly after the conclusion of the session.

Barrick Mining Corporation operates across 17 countries and five continents, holding one of the industry's largest portfolios of gold and copper assets. The company is also the largest gold producer in the United States. Its shares are listed on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.