# Granada Gold Mine Announces $2.5 Million Private Placement Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/granada-gold-mine-announces-2-5-million-private-placement--9fc6dd06-ffee-4362-ac76-cac040156685 Original source: https://money.tmx.com/en/quote/GGM/news/7939443194217036/granada-gold-mine-announces-2-5-million-private-placement Publisher: tmx Original announcement: 2026-01-30T22:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Granada Gold Mine Inc. - Ticker: GGM - Exchange: TSX - Region: Quebec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Capital raise - Extracted: 2026-09-14 03:05:01 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Granada Gold Mine Inc. has announced a $2.5 million non-brokered private placement to fund a resource update, exploration, and general corporate purposes. The announcement also restates the company's June 2022 Mineral Resource Estimate for the Granada Gold Project. Reasoning: The company is raising $2.5M to fund a future resource update, while re-stating its existing 2022 resource estimate. - Positive factor: capital injection for resource update and exploration - Positive factor: resource estimate details provided - Negative factor: resource data is historical restatement Facts used in scoring: 5 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is supported by an NI 43-101 technical report. Evidence · text > updated NI 43-101 technical report **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The resource estimate effective date is June 2022, which is more than 2 years old. Evidence · text > effective date of June 23rd, 2022 ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-mine-announces-2-5-million-private-placement--9fc6dd06-ffee-4362-ac76-cac040156685#fact-resource-facts-1) Granada Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Matthew Halliday - Resource group id: resource:a75a79db3ba5258d0008 - Deposit or zone: Granada Gold Mine - Mining method: combined - Material type: InPit+UG - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 4900000 - Grade: 1.7 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2022-06-23 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-06-23T00:00:00.000Z #### Dates - Event date: 2026-01-30T00:00:00.000Z Reasoning: Restatement of 2022 Measured resource. - Negative factor: historical data Evidence · table > 1.70 Context: 4,900,000 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-mine-announces-2-5-million-private-placement--9fc6dd06-ffee-4362-ac76-cac040156685#fact-resource-facts-2) Granada Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Matthew Halliday - Resource group id: resource:1ce561043caef16e1c07 - Deposit or zone: Granada Gold Mine - Mining method: combined - Material type: InPit+UG - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3320000 - Grade: 2.57 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2022-06-23 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-06-23T00:00:00.000Z #### Dates - Event date: 2026-01-30T00:00:00.000Z Reasoning: Restatement of 2022 Indicated resource. - Negative factor: historical data Evidence · table > 2.57 Context: 3,320,000 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-mine-announces-2-5-million-private-placement--9fc6dd06-ffee-4362-ac76-cac040156685#fact-resource-facts-3) Granada Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Matthew Halliday - Resource group id: resource:4eb7d1f5d9f28a2fe997 - Deposit or zone: Granada Gold Mine - Mining method: combined - Material type: InPit+UG - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 8220000 - Grade: 2.05 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2022-06-23 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-06-23T00:00:00.000Z #### Dates - Event date: 2026-01-30T00:00:00.000Z Reasoning: Restatement of 2022 M&I resource. - Negative factor: historical data Evidence · table > 2.05 Context: 8,220,000 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-mine-announces-2-5-million-private-placement--9fc6dd06-ffee-4362-ac76-cac040156685#fact-resource-facts-4) Granada Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Matthew Halliday - Resource group id: resource:b9ad985afcb9a70d7f3c - Deposit or zone: Granada Gold Mine - Mining method: combined - Material type: InPit+UG - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 3010000 - Grade: 4.71 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2022-06-23 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-06-23T00:00:00.000Z #### Dates - Event date: 2026-01-30T00:00:00.000Z Reasoning: Restatement of 2022 Inferred resource. - Negative factor: historical data Evidence · table > 4.71 Context: 3,010,000 #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ## 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.