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Inventus Mining (GNGXF) announced a non-brokered flow-through financing to raise up to $2.0 million via up to 7,017,544 FT shares at $0.285 per share, with a $1.0 million lead order for 3,508,772 FT shares.
Proceeds and anticipated bulk-sample cash flow will fund expanded exploration drilling at the Pardo Gold Project ahead of the company's maiden resource. FT expenditures will be renounced by December 31, 2026. Closing is subject to TSX Venture Exchange approval; securities carry a four-month-and-one-day hold.
Inventus (OTC:GNGXF) reported recovery of 172 oz of gold from 2,512 dry tonnes at Pardo, generating $1,166,596 in sales and exceeding direct bulk-sample costs of $578,626 by 102%. Estimated head grade was 2.51 g/t with ~85% metallurgical recovery; ~17,500 t stockpiled and a further 20,000 t permitted for extraction.
The company noted only ~25% of the bulk sample was processed and winter conditions affected milling reliability; final reconciled metrics will follow after processing remaining material under representative conditions.
Inventus (OTC: GNGXF) announced the resignation of its Investor Relations consultant, Mr. Eduardo (Ed) Baer, effective February 18, 2026. The company cancelled Mr. Baer's unvested stock options and stated vested options will expire 30 days from the effective date unless exercised earlier.
Contact details for investor inquiries are provided by the company.
Inventus (OTC:GNGXF) announced a CEO transition: Wesley Whymark appointed CEO; former CEO Stefan Spears stepped down and remains a director. Operational plans at the Pardo project continue unchanged.
Bulk sampling: 2,500 of a planned 5,000-tonne processing run completed; extraction of an additional 10,000-tonne bulk sample is on time and within budget. The bulk sample program represents 30,000 of a 50,000-tonne permit, with 20,000 tonnes planned for 2026. Drilling: 63 holes completed; assays pending.
Inventus Mining (GNGXF) reports that processing of the Trench 1 bulk sample is underway and Phase 2 drilling continues at the Pardo "River of Gold" project, 65 km NE of Sudbury, Ontario. 5,000 tonnes of the 10,128-tonne Trench 1 bulk sample are being processed at McEwen's Stock Mill under a 50,000-tonne permit. A separate 10,000-tonne Trench 1 North bulk sample is advanced with waste blasted and removed and extraction expected to start shortly. Seven additional drill holes were completed since Jan 22, 2026 for a total of 47 holes with assays pending; drilling supports preparation for an initial resource estimate.