InvestmentJul 22, 2026, 05:17 PM
Lannister Mining to Offer 3M Units in $15M IPO on NYSE American
AI Summary
Lannister Mining Corp. filed an amendment for its initial public offering, seeking to raise $15 million by offering 3 million units. Each unit comprises one common share and one warrant, with an anticipated IPO price between US$4 and US$6 per unit. The company, an emerging growth and foreign private issuer, is a gold and silver developer focused on the exploration of its Basin Gulch Project in Montana, currently operating at an exploration stage with no principal revenues.
Key Highlights
- Lannister Mining plans to offer 3,000,000 units to raise $15,000,000 in its IPO.
- Each unit comprises one common share and one warrant, priced between US$4 and US$6.
- Common shares and warrants will be listed on NYSE American under "DRIL" and "DRILW".
- Underwriters have a 45-day option for up to 450,000 additional shares/warrants.
- Company is an exploration-stage gold and silver developer with no principal revenues.
- Reported net loss of C$(541,618) for 6 months ended March 31, 2026.
- Plans 2026 drilling for maiden gold-silver mineral resource estimate at Basin Gulch Project.
- Historical drilling showed high-grade intercepts, e.g., 0.096 opt Au over 240 feet.
Price Impact
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