# FREEMAN ANNOUNCES STRATEGIC PRIVATE PLACEMENT AND CONVERTIBLE UNSECURED DEBENTURE OFFERING FOR GROSS PROCEEDS OF $ 10.5 MILLION SECURING SUFFICIENT FUNDING TO CONSTRUCTION DECISION Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/freeman-announces-strategic-private-placement-and-convertible-unsecured-debentur--5968ba71-8988-4d4e-aa38-de30baca42dd Original source: https://money.tmx.com/en/quote/FMAN/news/6317582913889908/freeman-announces-strategic-private-placement-and-convertible-unsecured-debentur Publisher: tmx Original announcement: 2025-07-17T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Freeman Gold Corp. - Ticker: FMAN - Exchange: TSX - Region: Vancouver, BC - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Capital raise - Extracted: 2026-09-17 23:07:48 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Freeman Gold Corp. has announced a $10.5 million financing via a non-brokered private placement and a convertible unsecured debenture offering. The proceeds are intended to fund permitting for the Lemhi Gold project and secure sufficient capital for a construction decision. Reasoning: The company successfully arranged a dual-tranche financing to fund permitting and advance towards construction, supported by a stable resource base. - Positive factor: Strategic private placement and debenture offering secures $10.5M - Positive factor: Secures sufficient funding to construction decision - Positive factor: Cornerstone investment from strategic investor group - Positive factor: Resource update confirms 988.1 koz gold Facts used in scoring: 5 ## Classification and evidence **capital\_raise** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document announces a $10.5 million private placement and convertible debenture offering. Evidence · text > FREEMAN ANNOUNCES STRATEGIC PRIVATE PLACEMENT AND CONVERTIBLE UNSECURED DEBENTURE OFFERING FOR GROSS PROCEEDS OF $ 10.5 MILLION **resource\_update** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document restates the NI 43-101 compliant mineral resource estimate for the Lemhi Gold project. Evidence · text > The pit constrained National Instrument 43-101 \(" NI 43-101 "\) compliant mineral resource estimate is comprised of 988,100 ounces gold ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-announces-strategic-private-placement-and-convertible-unsecured-debentur--5968ba71-8988-4d4e-aa38-de30baca42dd#fact-resource-facts-1) Lemhi Gold project · gold #### Identity - Project: Lemhi Gold project - Commodity: gold - Region: vancouver, bc - Reported Region: Vancouver, BC - Ticker: FMAN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dean Besserer - Resource group id: resource:5905471f6ef709786f31 - Ownership percent: 100 % #### Resource Data - Tonnes: 30020000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 988100 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Restatement of existing resource figures provided in the company profile section. - Positive factor: Large indicated resource component Evidence · text > comprised of 988,100 ounces gold \(" oz Au "\) at 1.0 gram per tonne \(" g/t "\) in 30.02 million tonnes #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-announces-strategic-private-placement-and-convertible-unsecured-debentur--5968ba71-8988-4d4e-aa38-de30baca42dd#fact-resource-facts-2) Lemhi Gold project · gold #### Identity - Project: Lemhi Gold project - Commodity: gold - Region: vancouver, bc - Reported Region: Vancouver, BC - Ticker: FMAN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dean Besserer - Resource group id: resource:42ef54ada18c0eaa0241 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 25500000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 819300 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Sub-component of the total resource estimate. Evidence · text > 4.7 million tonnes Measured \(168,800 oz\) & 25.5 million tonnes Indicated \(819,300 oz\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-announces-strategic-private-placement-and-convertible-unsecured-debentur--5968ba71-8988-4d4e-aa38-de30baca42dd#fact-resource-facts-3) Lemhi Gold project · gold #### Identity - Project: Lemhi Gold project - Commodity: gold - Region: vancouver, bc - Reported Region: Vancouver, BC - Ticker: FMAN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dean Besserer - Resource group id: resource:bc5bce1153ebdcaaf002 - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 4700000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 168800 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Sub-component of the total resource estimate. Evidence · text > 4.7 million tonnes Measured \(168,800 oz\) #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-announces-strategic-private-placement-and-convertible-unsecured-debentur--5968ba71-8988-4d4e-aa38-de30baca42dd#fact-resource-facts-4) Lemhi Gold project · gold #### Identity - Project: Lemhi Gold project - Commodity: gold - Region: vancouver, bc - Reported Region: Vancouver, BC - Ticker: FMAN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dean Besserer - Resource group id: resource:e62e382c71bd5a49c28b - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 7630000 - Grade: 1.04 - Grade Unit: g/t - Contained Metal: 256000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-07-17T00:00:00.000Z Reasoning: Sub-component of the total resource estimate. Evidence · text > 256,000 oz Au at 1.04 g/t Au in 7.63 million tonnes \(Inferred\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.