On October 28, 2025, Mako Mining Corp. closed a brokered private placement of 5,031,250 common shares at a price of $8.00 per share for gross proceeds of $40.25 million, which included the full exercise of the underwriters’ over-allotment option. Concurrently, Mako Mining closed a non-brokered private placement with funds controlled by Wexford Capital LP, of 1,875,000 common shares at a price of $8.00 per share for additional gross proceeds of $15 million.
The brokered private placement was conducted by a syndicate of underwriters co-led by Stifel Canada and Cantor Fitzgerald Canada Corporation.
Cassels acted for Mako Mining.