Inventus Raises C$1.27 Million as Remaining Warrants Are Exercised

Inventus Mining Corp. announced Nov. 9 that holders exercised its remaining 10.55 million incentive warrants by the Nov. 6 deadline, raising C$1.266 million in gross proceeds for planned work in Ontario.

Each warrant gave its holder the right to buy one common share for C$0.12, and Inventus issued one share for every warrant exercised. The warrants stemmed from the company’s 2025 early warrant exercise incentive program.

The total includes McEwen Inc.’s Nov. 4 warrant exercise, which covered 9.2 million warrants and brought in C$1.104 million. After that transaction, McEwen held 29.2 million Inventus shares, or 12.7% of shares outstanding at the time.

Inventus CEO and director Wesley Whymark exercised 375,000 warrants for C$45,000. “I am also pleased to invest alongside our shareholders,” Whymark said.

The funds are intended to support additional work at Pardo, a wholly owned Inventus project northeast of Sudbury, Ontario.