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Lannister Mining Corp. is a mineral exploration company focused on advancing the Basin Gulch Project, a gold and silver property located in west-central Montana, USA. The company was formed through the amalgamation of 1247666 B.C. Ltd. and Lannister Mining Corp. on September 21, 2021, and is headquartered in Vancouver, British Columbia. All operations are at the exploration stage, and the company has not generated any principal revenues to date, with a net loss of C$1,181,999 (approximately US$848,710) for the year ended September 30, 2025. The company is conducting an initial public offering of 2,000,000 common shares at an assumed price of US$5.00 per share, expecting net proceeds of approximately US$8,325,542, to fund resource development activities, including exploratory drilling and metallurgy, and to cover working capital and general corporate purposes. The offering is being made to finance the advancement of the Basin Gulch Project towards establishing a maiden mineral resource estimate and to provide the capital necessary to transition from exploration to potential future development.
Offering Amount
$2.4M
Shares Offered
10,000,000
Issuer Type
Shares Offered
2,000,000
Offering Amount
US$10,000,000
Share Type
Common Shares
Exchange
NYSE American
Ticker
DRIL
Use of Proceeds: Resource development activities including additional exploratory drilling, metallurgy, mapping, prospecting and structural interpretation, covering the current working capital deficit, working on Maiden NI 43-101 Resource Report, administration and overhead and general corporate purposes.
Lannister Mining Corp. is a mineral exploration company focused on the exploration of the Basin Gulch Project, a gold and silver property in west-central Montana, USA.