Sirios Resources Stock Price, News & Analysis

Sirios Resources (TSXV: SOI) has successfully completed the second and final tranche of its non-brokered private placement, raising $1,358,000 through the issuance of 22,633,335 units at $0.06 per unit. Combined with the first tranche, the total offering reached $2,500,000 with 41,666,667 units issued.

Each unit comprises one common share and one warrant, with warrants exercisable at $0.12 per share for 24 months. The proceeds will fund working capital, Cheechoo's infrastructure improvements, and exploration activities. The securities are subject to a four-month hold period ending December 1st, 2025.

Sirios Resources (TSXV: SOI) has successfully closed the first tranche of its non-brokered private placement, raising $1,142,000 through the issuance of 19,033,332 units at $0.06 per unit. Each unit comprises one common share and one warrant, with warrants exercisable at $0.12 per share for 24 months.

Notable Quebec-based funds, including Caisse de dépôt et placement du Québec, SIDEX LP, and NQ Investissement Minier, contributed $1,070,000 to the placement. The proceeds will fund working capital, Cheechoo's infrastructure improvements, and exploration activities. A second closing is scheduled for next week.

An insider participated by subscribing for 500,000 units ($30,000), constituting a related party transaction. The securities are subject to a four-month hold period ending November 24, 2025.

Sirios Resources (OTCQB: SIREF) has announced an updated Mineral Resource Estimate (MRE) for its 100%-owned Cheechoo Gold Project in Quebec. The project now contains 1.3 million ounces at 1.12 g/t Au in Indicated Resources and 1.7 million ounces at 1.23 g/t Au in Inferred Resources, including 446,000 ounces in underground resources at 3.09 g/t Au.

The update shows significant grade improvements over the 2022 MRE, with a 19% increase in open-pit indicated grade and a 38% increase in open-pit inferred grade. The project maintains a favorable strip ratio of 2.9:1 and includes a Conceptual Exploration Target of 31-40 million tonnes grading between 1.27-1.45 g/t Au.

Located less than 15 km from Dhilmar's Éléonore gold mine, the project's new MRE is based on 345 drill holes totaling 82,717 meters, with 8,660 meters added since 2022.

Sirios Resources has initiated a 5,000-meter diamond drilling program at its Aquilon gold project in Eeyou Istchee James Bay, Quebec. The $2.5M program, funded by Sumitomo Metal Mining Canada, will test thirteen targets using two helicopter-supported drill rigs. The exploration focuses on a previously underexplored western area, where recent gold-in-soils anomalies were discovered during 2023-2024 sampling campaigns. The program integrates data from a high-resolution drone magnetic survey completed in 2025. Upon completion, Sumitomo will gain a 51% interest in the project, with their total investment reaching $4.8M. Sirios remains the project operator.

Sirios Resources Inc. (SIREF), a company focused on developing the Cheechoo Gold Discovery, has announced its participation in THE Mining Investment Event, scheduled for June 3-5, 2025, at the Quebec Convention Centre. This Tier 1 Global Mining Investment Conference represents Canada's premier mining investment gathering. The company's management team will be available for one-on-one meetings with investors throughout the three-day conference. The event provides Sirios with an opportunity to engage with a global audience of industry leaders and innovators in the mining sector. Interested parties can find more information, including registration details and a list of participants, at the event's official website.

Sirios Resources (SIREF) has announced an ongoing update to the Mineral Resource Estimate (MRE) for its flagship Cheechoo Gold Project in Eeyou Istchee James Bay, Québec, with results expected in summer 2025. The update is based on a new geological and structural model that has identified previously unknown structural controls on gold mineralization. Notably, the upcoming MRE will include an underground component for the first time, expanding beyond the December 2022 estimate.

The new model was developed with expert consultants in resource modeling and structural geology. PLR Resources Inc., led by Pierre Luc Richard, a renowned expert who has authored over 100 NI 43-101 technical reports, is conducting the MRE update. The company will host a livestream event on May 28 to provide additional details about the project developments.

Sirios Resources (SIREF) has announced a livestream event scheduled for May 28, 2025, to present a comprehensive revamp of its Cheechoo gold project located in Quebec's Eeyou Istchee James Bay territory. The company will host two sessions - French at 1:00 PM EDT and English at 2:00 PM EDT via Zoom.

During the presentation, management will discuss the project's transformation strategy, upcoming milestones, and development plans following recent advances in geological understanding and increased interest from major mining industry players. The event will include a Q&A session, with access details to be shared through Sirios' website, mailing list, and social media channels.

Sirios Resources has announced plans for a diamond drilling program at their Aquilon gold project in Eeyou Istchee James Bay, Quebec. The program, scheduled for early summer, will cover approximately 5,000 meters and target ten sites identified through recent 2024 surveys.

The drilling initiative is fully funded by Sumitomo Metal Mining Canada, with Sirios serving as the operator. These new drilling targets are located in an area separate from the previously known gold showings. Notably, Sumitomo has an option agreement to acquire an 80% stake in the Aquilon project through a $14.8 million investment commitment.