Aben Gold Corp. Closes $1.3 Million Private Placement of Flow-Through Units

Aben Gold Corp. Closes $1.3 Million Private Placement of Flow-Through Units

Vancouver, BC, June 19, 2026 (GLOBE NEWSWIRE) -- Aben Gold Corp. (TSX-V: ABM) (OTCID: ABNAF) (Frankfurt: ML1) (“Aben” or “the Company”) announces that it has closed a non-brokered private placement financing for total gross proceeds of CAD $1,334,000 (the “Private…

Aben raises $1.3 million for Yukon tungsten, gold drilling – Resource World Magazine

Aben Gold Corp. [ABM-TSXV, ABNAF-OTCQB) said Friday it has raised $1.3 million from a non-brokered private placement financing and will use the proceeds for exploration and upcoming drilling at its Justin Gold Tungsten Project in the Yukon Territory. The company said it has allotted and issued 6.67 million units at a price of 20 cents per unit. Each unit consists of one flow-through common share and one-half of one transferable warrant each of which will entitle the holder to purchase one non-flow through common share for two years at a price of 30 cents per share. However, the company holds the right to accelerate the expiry date if the share price is equal to or greater than 50 cents for 10 consecutive trading days following the statutory hold period. Aben shares were unchanged Friday at 19 cents and trade in a 52-week range of 30 cents and $0.06. Aben recently outlined the scope of its 2026 exploration program at the 100%-owned Justin Gold Tungsten Project, which is located in the Tombstone Gold Belt, southeast Yukon. The program is scheduled to commence in mid-July and run through mid-September. The 2026 program is designed to advance the multi-metal (gold plus tungsten) potential of the POW intrusion-related (IRGS) Zone, the high-grade Lost Ace orogenic-gold Zone and other regional targets identified by a 2024 airborne geophysical survey. The Justin Gold Tungsten Project covers approximately 7,400 hectares. Field activities are scheduled to commence in mid-July and are expected to be completed by mid-September 2026. The program will be staged out of Seabridge Gold Inc.’s [SEA-TSX, SA-NYSE] 3 Aces Camp, which is located immediately adjacent to the property and provides logistical support and camp-specific infrastructure. The company said a 2026 diamond drilling program will consist of approximately 1,500 metres of drilling across three drill pads designed to test two of the project’s highest-priority targets. Approximately 1,000 metres will evaluate the gold-tungsten potential of the POW Zone, with an additional 500 metres planned at the high-grade Ace Zone. The POW Zone hosts intrusion-related gold system (IRGS) mineralization with coincident tungsten (scheelite) identified in 2014 re-assays of historical core. Historical gold intercepts include 60 metres of grade 1.25 g/t gold, including 21 metres of grade 2.47 g/t gold. Another hole returned 8.50 metres of grade 0.39% W03. The Lost Ace Zone, discovered in 2017 and located 2.0 kilometres west of POW, features orogenic-style quartz-gold veining. Channel sampling returned 20.8 g/t gold over 4.4 metres (including 88.2 g/t gold over 1.0 metre). Meanwhile, Chinese export restrictions combined with rising military spending has sent the price of tungsten soaring, a move that has sparked a race to develop new supplies of the critical metal.