Meridian Mining UK Societas focuses on advancing the Cabaçal Au–Cu project, Santa Helena and exploration across the Cabaçal VMS belt in Minas Gerais, Brazil. The company completed a private placement that generated gross proceeds of CAD 50 million by selling over 64 million common shares at CAD 0.78 per share. The financing was co‑led by Stifel Canada, BMO Capital Markets and Beacon Securities, with support from SCP Resource Finance, Cormark Securities and Raymond James. An insider purchased over 7 million shares in the offering; that related‑party transaction was exempt from certain regulatory requirements as it fell below prescribed thresholds. Proceeds will fund the ongoing feasibility study for the Cabaçal Au–Cu project, advance development of Santa Helena and support exploration programs in the VMS belt. Planned actions remain subject to final approval by the Toronto Stock Exchange; CEO Gilbert Clark said shareholder support leaves the company well positioned to reach key milestones.

Total raised

$36M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2025