Happy Creek Minerals CEO Jason Bahnsen joined Steve Darling from Proactive to announce a non-brokered private placement aiming to raise $3.2 million, comprised of charity flow-through units and non-flow-through units. A lead investment in the offering will come from funds managed by Waratah Capital Advisors and Power One.
Bahnsen stated the proceeds will be primarily used to advance the company’s flagship Fox Tungsten Project in British Columbia, recognized as one of the highest-grade undeveloped tungsten assets in the world.
The company is planning a 10,000-metre drill program this exploration season, as well as advancing other assets located in the Cariboo district of B.C. The drilling aims to grow the resource significantly, targeting the 3 to 5 million tonne range to establish the Fox project as a substantial tungsten deposit globally.
Bahnsen explained that about half the resource is indicated and half inferred, reflecting confidence in the geology and mineralisation. He also emphasised the project’s strategic location in the Cariboo district of British Columbia, about four hours from Vancouver, offering access to power, road infrastructure, and 100% ownership of the licenses.
He concluded that this combination of scale, grade, and secure ownership underpins the strong investor interest.The financing marks a significant step toward unlocking value from Fox and positioning Happy Creek as a key player in the North American critical minerals supply chain.
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