# Granada Gold Mine Closes Oversubscribed Private Placement Financing Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/granada-gold-mine-closes-oversubscribed-private-placement-financing--b0f744cb-54c5-448e-be0e-5e86677aa2e8 Original source: https://money.tmx.com/en/quote/GGM/news/4799769631013186/granada-gold-mine-closes-oversubscribed-private-placement-financing Publisher: tmx Original announcement: 2026-02-18T21:15:00.000Z 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 02:56:04 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Granada Gold Mine Inc. has closed an oversubscribed C$2.95 million private placement to fund a resource update and exploration at its Granada Gold Property in Quebec. The announcement also restates the company's June 2022 mineral resource estimate, which includes 543,000 ounces of gold in the Measured and Indicated categories. Reasoning: The company successfully closed an oversubscribed financing to fund upcoming resource and exploration work, though it is restating a historical resource estimate. - Positive factor: oversubscribed private placement - Positive factor: increased offering size - Positive factor: funds earmarked for resource update and exploration - Negative factor: insider participation noted as related party transaction Facts used in scoring: 5 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The company explicitly states the net proceeds will be used for a resource update and restates historical resource data. Evidence · text > The net proceeds of the offering will be used for: a resource update **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 > filed an updated NI 43-101 technical report ## 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-closes-oversubscribed-private-placement-financing--b0f744cb-54c5-448e-be0e-5e86677aa2e8#fact-resource-facts-1) Granada Gold Property · gold Historical result Needs review: historical\_restatement #### Identity - Project: Granada Gold Property - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Effective date: 2022-06-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Yann Camus, Maxime Dupéré - Resource group id: resource:61a7a2a5339d4f398857 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 4900000 - Grade: 1.7 - Grade Unit: g/t - Contained Metal: 269000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2022-06-23 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-08-22T00:00:00.000Z #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: Historical resource component. - 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 **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 3.7 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-mine-closes-oversubscribed-private-placement-financing--b0f744cb-54c5-448e-be0e-5e86677aa2e8#fact-resource-facts-2) Granada Gold Property · gold Historical result Needs review: historical\_restatement #### Identity - Project: Granada Gold Property - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Effective date: 2022-06-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Yann Camus, Maxime Dupéré - Resource group id: resource:da3fbff56d7206423160 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 3320000 - Grade: 2.57 - Grade Unit: g/t - Contained Metal: 274000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2022-06-23 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-08-22T00:00:00.000Z #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: Historical resource component. - 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 **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 3.7 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-mine-closes-oversubscribed-private-placement-financing--b0f744cb-54c5-448e-be0e-5e86677aa2e8#fact-resource-facts-3) Granada Gold Property · gold Historical result Needs review: historical\_restatement #### Identity - Project: Granada Gold Property - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Effective date: 2022-06-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Yann Camus, Maxime Dupéré - Resource group id: resource:bc94d822349ee9945fa8 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 8220000 - Grade: 2.05 - Grade Unit: g/t - Contained Metal: 543000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2022-06-23 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-08-22T00:00:00.000Z #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: Restatement of 2022 resource; no new assay data provided in this release. - 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 **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 3.7 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-mine-closes-oversubscribed-private-placement-financing--b0f744cb-54c5-448e-be0e-5e86677aa2e8#fact-resource-facts-4) Granada Gold Property · gold Historical result Needs review: historical\_restatement #### Identity - Project: Granada Gold Property - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Effective date: 2022-06-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Yann Camus, Maxime Dupéré - Resource group id: resource:a42338aeb827d32b3a04 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 3010000 - Grade: 4.71 - Grade Unit: g/t - Contained Metal: 456000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2022-06-23 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-08-22T00:00:00.000Z #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: Restatement of 2022 resource; no new assay data provided in this release. - 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 **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 3.7 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.