# FREEMAN CLOSES STRATEGIC PRIVATE PLACEMENT

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/freeman-closes-strategic-private-placement--426e5f0c-28b7-4cec-9385-2a577b0f698a

Original source: https://money.tmx.com/en/quote/FMAN/news/8786552001172985/freeman-closes-strategic-private-placement

Publisher: tmx

Original announcement: 2025-08-06T21:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Freeman Gold Corp.

- Ticker: FMAN

- Exchange: TSX

- Region: Unavailable

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Capital raise, Resource update, Economic study

- Extracted: 2026-09-17 23:05:47 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Freeman Gold Corp. has closed a $5.5 million non-brokered private placement to fund permitting for the Lemhi Gold project. The announcement also provides a summary of the project's NI 43-101 compliant resource \(1.24 Moz Au\) and key economics from its 2023 Preliminary Economic Assessment.

Reasoning: The company successfully closed a strategic financing to fund permitting, while also restating key project economics and resource figures from its 2023 PEA.

- Positive factor: Successful closing of $5.5M private placement

- Positive factor: Proceeds earmarked for permitting critical project milestone

- Positive factor: Strong PEA economics \(28.2% IRR, $329M NPV\)

- Positive factor: Significant gold resource \(approx 1.24 Moz Au total\)

- Negative factor: Related party transaction \(directors/officers participation\)

- Negative factor: Upcoming $5M debenture financing adds potential dilution/debt load

Facts used in scoring: 3

## Classification and evidence

**capital\_raise**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Company closed a non-brokered private placement of 55,000,000 units.

Evidence · text

> closed its previously announced non-brokered private placement financing

**resource\_update**

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The document provides a detailed breakdown of the NI 43-101 compliant mineral resource estimate.

Evidence · text

> mineral resource estimate is comprised of 988,100 ounces gold

**economic\_study**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The document restates PEA economics including NPV, IRR, and AISC.

Evidence · text

> shows a PEA with an after-tax net present value \(5%\) of US$329 million

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Resource Estimates (1)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-closes-strategic-private-placement--426e5f0c-28b7-4cec-9385-2a577b0f698a#fact-resource-facts-1)

Lemhi Gold project · gold

#### Identity

- Project: Lemhi Gold project
- Commodity: gold
- Ticker: FMAN

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:97b2e34cadbc997acacd
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 37650000
- Grade: 1
- Grade Unit: g/t
- Contained Metal: 988100
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-08-06T00:00:00.000Z

Reasoning: Restatement of existing resource figures from the 2023 PEA.

- Positive factor: Significant gold resource

Evidence · text

> mineral resource estimate is comprised of 988,100 ounces gold

#### 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

**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.