Corporate ActionMay 29, 2026, 05:27 PM
Lannister Mining Corp. Files for $15M IPO of 3M Common Shares
AI Summary
Lannister Mining Corp. filed an F-1/A amendment for its initial public offering, seeking to raise $15,000,000 by offering 3,000,000 Common Shares at an estimated price range of US$4 to US$6 per share. The company has applied to list its shares on the NYSE American under the symbol "DRIL". Lannister Mining is a gold and silver developer focused on the Basin Gulch Project in Montana, which has shown significant historical gold and silver mineralization. The company reported a net loss of C$(1,181,999) for the year ended September 30, 2025, and anticipates generating principal revenue no earlier than Q4 2026.
Key Highlights
- Initial Public Offering of 3,000,000 Common Shares.
- Estimated IPO price range: US$4 to US$6 per share.
- Total offering value: US$15,000,000 (at midpoint US$5/share).
- Applied to list Common Shares on NYSE American under "DRIL".
- Net loss for FY2025 was C$(1,181,999) (approx. US$(848,710)).
- Net loss for FY2024 was C$(1,201,277).
- Basin Gulch Project comprises 11 patented (216.33 acres) and 131 unpatented (2,642 acres) claims.
- Underwriters have a 45-day option to purchase up to an additional 450,000 Common Shares.
Price Impact
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