# Kore Announces Non-Brokered Private Placement Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/kore-announces-non-brokered-private-placement--8f87ff63-02bb-4201-a833-df70c82a9950 Original source: https://money.tmx.com/en/quote/KORE/news/5376954455060676/kore-announces-non-brokered-private-placement Publisher: tmx Original announcement: 2024-11-01T05:36:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: KORE Mining Ltd. - Ticker: KORE - Exchange: TSX - Region: British Columbia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Capital raise, Resource update, Metallurgy - Extracted: 2026-09-16 07:21:01 UTC Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas summary KORE Mining Ltd. announced a non-brokered private placement to raise up to $1,000,000 by issuing up to 25,000,000 units at $0.04 per unit. The proceeds will fund permitting and exploration activities at its California development properties, Imperial Gold Project and Long Valley Project, and for general corporate purposes. Each unit includes a common share and a warrant exercisable at $0.06 for 36 months. Reasoning: KORE Mining is raising capital to fund its operations and project advancement, which is positive for continuity, but the low unit price and modest raise amount suggest potential challenges or market perception. - Positive factor: Funds raised will advance permitting and exploration activities - Positive factor: Proceeds allocated to general corporate purposes and working capital - Negative factor: Low unit price of $0.04 suggests potential dilution or market perception challenges - Negative factor: Relatively small amount raised \($1,000,000\) for project advancement Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 29 ## Classification and evidence **Private Placement** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document announces a 'non-brokered private placement'. Evidence · text > non-brokered private placement **Insider Participation** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The private placement may include subscriptions by insiders, including the Executive Chairman and CEO. Evidence · text > The Private Placement may include one or more subscriptions by insiders of the Company, including a subscription by James Hynes, Executive Chairman and CEO of the Company. **Use of Proceeds Disclosed** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The net proceeds will be used to advance permitting and exploration, and for working capital and general corporate purposes. Evidence · text > The net proceeds of the Private Placement will be used to advance permitting and exploration of its wholly owned development properties in California, each of which are described further below, and for working capital and general corporate purposes. **Dilutive Financing** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The unit price of $0.04 is low, suggesting potential dilution for existing shareholders. Evidence · text > at a price of $0.04 per Unit **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The Imperial Gold Project PEA is effective April 6, 2020, and the Long Valley Project MRE is effective September 15, 2020, making them over two years old. Evidence · text > effective April 6, 2020 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Imperial Gold Project PEA is explicitly stated as NI 43-101 compliant. Evidence · text > The Company's NI 43-101 compliant resource and preliminary economic assessment **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: The technical information for both projects has been reviewed and approved by qualified persons. Evidence · text > reviewed and approved by Terre Lane, MMSA, registered member SME, and is a qualified person under National Instrument 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Long Valley Project mineral resource estimate includes 456,000 ounces of Inferred gold. Evidence · text > 456,000 ounces of Inferred gold **Open Pit Mining** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: Both Imperial and Long Valley projects are described as 'shallow open pit' operations. Evidence · text > Technically simple project: shallow open pit **Heap Leach Processing** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: Both Imperial and Long Valley projects plan to use 'heap leach' processing. Evidence · text > run-of-mine heap leach **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: the document describes a heap\_leach route \("heap leach"\) ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/kore-announces-non-brokered-private-placement--8f87ff63-02bb-4201-a833-df70c82a9950#fact-resource-facts-3) Long Valley Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Long Valley Project - Commodity: gold - Region: mono county, california - Reported Region: Mono County, California - Ticker: KORE #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Neil Prenn - Resource group id: resource:98e2ffcb6553cd5d97f3 #### Resource Data - Category: indicated - Tonnes: 63700000 - Grade: 0.58 - Grade Unit: g/t - Contained Metal: 1217000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2022-09-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-09-15T00:00:00.000Z #### Dates - Event date: 2024-11-01T00:00:00.000Z Reasoning: Historical resource estimate for the Long Valley Project shows a substantial Indicated gold resource, but the data is old. - Positive factor: Significant Indicated gold resource reported - Negative factor: Estimate is historical, effective date September 15, 2020 - Negative factor: Grade is relatively low for an Indicated resource Evidence · text > The current mineral resource estimate is 1,217,000 ounces of Indicated gold and 456,000 ounces of Inferred gold from 63.7 million tonnes of 0.58 grams per tonne and 22.0 million tonnes of 0.65 grams per tonne, respectively. ... The estimate was prepared by Neil Prenn, P.E. of Mine Development Associates with an effective date of September 15, 2020. #### 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 **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 2.1 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kore-announces-non-brokered-private-placement--8f87ff63-02bb-4201-a833-df70c82a9950#fact-resource-facts-4) Long Valley Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Long Valley Project - Commodity: gold - Region: mono county, california - Reported Region: Mono County, California - Ticker: KORE #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Neil Prenn - Resource group id: resource:464cbeaef8e746858aa7 #### Resource Data - Category: inferred - Tonnes: 22000000 - Grade: 0.65 - Grade Unit: g/t - Contained Metal: 456000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2022-09-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-09-15T00:00:00.000Z #### Dates - Event date: 2024-11-01T00:00:00.000Z Reasoning: Historical resource estimate for the Long Valley Project includes a notable Inferred gold resource, but the data is old and less confident. - Positive factor: Additional Inferred gold resource identified - Negative factor: Estimate is historical, effective date September 15, 2020 - Negative factor: Inferred category has lower geological confidence Evidence · text > The current mineral resource estimate is 1,217,000 ounces of Indicated gold and 456,000 ounces of Inferred gold from 63.7 million tonnes of 0.58 grams per tonne and 22.0 million tonnes of 0.65 grams per tonne, respectively. ... The estimate was prepared by Neil Prenn, P.E. of Mine Development Associates with an effective date of September 15, 2020. #### 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 **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 2.1 years before this release ## Metallurgical Results (5) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/kore-announces-non-brokered-private-placement--8f87ff63-02bb-4201-a833-df70c82a9950#fact-metallurgical-facts-1) Imperial Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Imperial Gold Project - Commodity: gold - Region: california - Reported Region: California - Ticker: KORE #### Test Work - Processing Route: run-of-mine heap leach #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-04-06T00:00:00.000Z #### Dates - Event date: 2024-11-01T00:00:00.000Z Reasoning: Historical PEA highlights for the Imperial Gold Project show positive economics at various gold prices, but the data is old and not a new update. - Positive factor: Positive NPV and IRR at $1,800 gold price - Positive factor: Low capital intensity project with established mining and processing methods - Negative factor: Estimate is historical, effective date April 6, 2020 - Negative factor: Information is presented as highlights, not a full resource update Evidence · text > Imperial has a mineral resource estimate and a positive preliminary economic assessment effective April 6, 2020, with the following highlights: US$ 590 million NPV5% post-tax with 64% IRR at US$ 1,800 per ounce gold ... Low capital intensity project with only US$ 143 million pre-production capital cost Average 146,000 ounces of gold per year over 8 years for 1.2 million ounces of total production Technically simple project: shallow open pit, run-of-mine heap leach with existing infrastructure ... The Company's NI 43-101 compliant resource and preliminary economic assessment is titled "Preliminary Economic Assessment - Technical Report Imperial Gold Project" effective as of April 6, 2020, and revised and amended on June 10, 2021, prepared by Terre Lane and Todd Harvey of Global Resource Engineering and Glen Cole of SRK Consulting \(Canada\) Inc. #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/kore-announces-non-brokered-private-placement--8f87ff63-02bb-4201-a833-df70c82a9950#fact-metallurgical-facts-2) Imperial Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Imperial Gold Project - Commodity: gold - Region: california - Reported Region: California - Ticker: KORE #### Test Work - Processing Route: run-of-mine heap leach #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-04-06T00:00:00.000Z #### Dates - Event date: 2024-11-01T00:00:00.000Z Reasoning: Historical PEA highlights for the Imperial Gold Project show positive economics at various gold prices, but the data is old and not a new update. - Positive factor: Positive NPV and IRR at $2,000 gold price - Positive factor: Low capital intensity project with established mining and processing methods - Negative factor: Estimate is historical, effective date April 6, 2020 - Negative factor: Information is presented as highlights, not a full resource update Evidence · text > US$ 729 million NPV5% at post-tax with 75% IRR at US$ 2,000 per ounce gold #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/kore-announces-non-brokered-private-placement--8f87ff63-02bb-4201-a833-df70c82a9950#fact-metallurgical-facts-5) Long Valley Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Long Valley Project - Commodity: gold - Region: mono county, california - Reported Region: Mono County, California - Ticker: KORE #### Test Work - Processing Route: heap leach #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-10-27T00:00:00.000Z #### Dates - Event date: 2024-11-01T00:00:00.000Z Reasoning: Historical PEA highlights for the Long Valley Project show positive economics at various gold prices, but the data is old and not a new update. - Positive factor: Positive NPV and IRR at $1,800 gold price - Positive factor: Technically simple project with established mining and processing methods - Negative factor: PEA is historical, filed on October 27, 2020 - Negative factor: Information is presented as highlights, not a full PEA update Evidence · text > A Preliminary Economic Assessment for a shallow, low-strip heap leach Au-Ag project was filed on October 27, 2020, with the following highlights: US $351.7 million NPV5% post-tax with IRR of 58% at US$ 1,800 per ounce gold; ... 102,000 ounces of gold per year over 7 years of mine life; Technically simple: shallow open pit, heap leach with nearby infrastructure; #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/kore-announces-non-brokered-private-placement--8f87ff63-02bb-4201-a833-df70c82a9950#fact-metallurgical-facts-6) Long Valley Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Long Valley Project - Commodity: gold - Region: mono county, california - Reported Region: Mono County, California - Ticker: KORE #### Test Work - Processing Route: heap leach #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-10-27T00:00:00.000Z #### Dates - Event date: 2024-11-01T00:00:00.000Z Reasoning: Historical PEA highlights for the Long Valley Project show positive economics at various gold prices, but the data is old and not a new update. - Positive factor: Positive NPV and IRR at $2,000 gold price - Positive factor: Technically simple project with established mining and processing methods - Negative factor: PEA is historical, filed on October 27, 2020 - Negative factor: Information is presented as highlights, not a full PEA update Evidence · text > US$ 437.8 million NPV5% post-tax with IRR of 67% at US$ 2,000 per ounce gold; #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/kore-announces-non-brokered-private-placement--8f87ff63-02bb-4201-a833-df70c82a9950#fact-metallurgical-facts-7) Long Valley Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Long Valley Project - Commodity: gold - Region: mono county, california - Reported Region: Mono County, California - Ticker: KORE #### Test Work - Processing Route: heap leach #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-10-27T00:00:00.000Z #### Dates - Event date: 2024-11-01T00:00:00.000Z Reasoning: Historical PEA highlights for the Long Valley Project show positive economics at various gold prices, but the data is old and not a new update. - Positive factor: Positive NPV and IRR at $2,500 gold price - Positive factor: Technically simple project with established mining and processing methods - Negative factor: PEA is historical, filed on October 27, 2020 - Negative factor: Information is presented as highlights, not a full PEA update Evidence · text > US$ 653.1 million NPV5% post-tax with IRR of 90% at US$ 2,500 per ounce gold; #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal ## 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.