Zephyr Minerals plans $200,000 private placement for permitting

Zephyr Minerals Ltd. has announced a non-brokered private placement of up to 4 million units at $0.05 per unit, raising a potential $200,000 for permitting activities at the Dawson Gold Project in Colorado. The funds will be used for general working capital and permitting, with the proceeds subject to a four-month-and-one-day statutory hold period.

Company insiders are expected to participate in the placement. The Dawson Gold deposit, which hosts an inferred mineral resource of 343,000 tonnes grading 12.11 grams per tonne for 133,500 ounces of gold, is expected to have a mining permit application submitted to the Colorado Division of Reclamation, Mining and Safety as early as January 2027.

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