Business
Happy Creek Announces Closing of Oversubscribed $3.75 Million Financing to Advance the Fox Tungsten Project
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About this update from Fox Tungsten Ltd.
[{"type":"text","content":"Happy Creek Announces Closing of Oversubscribed $3.75 Million Financing to Advance the Fox Tungsten Project\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Not for distribution\nto United States Newswire Services or for dissemination in the United\nStates\n \n\n\n\n\n Vancouver, British Columbia –\n \n\n TheNewswire -\n \n\n August 18, 2025 – HAPPY CREEK MINERALS\nLtd (TSX-V: HPY, OTC: HPYCF, FSE: 1HC\n \n\n ) (“Happy Creek” or the\n“Company”)\n \n\n ,\n \n\n is pleased to announce that it has closed the previously\nannounced non-brokered private placement raising total gross proceeds\nof C$3,750,000 (the “Placement”). The over-subscribed Placement\nwas led by PowerOne Capital Markets Limited. (“PowerOne”) ,\n \n\n attracting interest from institutional\ninvestors, including funds managed by Waratah Capital Advisors\nLtd\n \n\n (“Waratah”).\n \n\n\n\n Happy Creek President and CEO, Jason Bahnsen, commented\n“\n \n\n We are\nextremely pleased with the support shown by institutional investors\nparticipating in the Placement, with two funds managed by Waratah to\nhold almost 20% of Happy Creek post financing.\n \n\n\n\n The financing\npositions Happy Creek to immediately begin the previously announced\n10,000 metre drill program at the Fox Tungsten Project (“Fox” or\nthe “Project”), focused on the expansion of the 2018 NI43-101\nresource estimate. We are mobilizing contractors and equipment to site\nnow with drilling expected to begin by the first week in September.\n \n\n\n\n Fox is one of the\nhighest-grade tungsten projects globally and is extremely well located\nto be a future source of high-quality tungsten for the rapidly growing\nNorth American and European industrial and defense markets.”\n \n\n\n\n The Fox Tungsten Project\n \n\n\n\n The Fox Tungsten Project is a district-scale (136\nsquare kilometre licence area), high-grade critical mineral project\nthat Happy Creek has advanced from initial discovery to maiden\nresource stage. Fox is located approximately 70 kilometres northeast\nof 100 Mile House, British Columbia.\n \n\n\n\n The tungsten bearing scheelite mineralization at Fox\noccurs in relatively flat-lying sequences of calcium silicate la...