22:20:26 EDT Thu 23 Jul 2026
Enter Symbol
or Name
USA
CA



Aton Resources Inc (2)
Symbol AAN
Shares Issued 127,454,413
Close 2026-07-22 C$ 0.50
Market Cap C$ 63,727,207
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Aton arranges $4-million private placement

2026-07-23 16:08 ET - News Release

Mr. Tonno Vahk reports

ATON ANNOUNCES CAD$4 MILLION PRIVATE PLACEMENT

Aton Resources Inc. is undertaking a non-brokered private placement to raise $4-million by the issuance of 7,619,048 common shares at a price of 52.5 cents per share. The proceeds of the placement will be applied to further exploration and development activities at Aton's Hamama project and to general and administrative expenses.

The placement is subject to the approval of the TSX Venture Exchange and is expected to close in late July, 2026. The shares issued pursuant to the placement will be subject to a four-month hold period from closing. Finders' fees may be payable to parties at arm's length to Aton that have introduced the company to certain subscribers participating in the placement.

The company will issue a further news release on closing of the placement.

About Aton Resources Inc.

Aton is focused on its 100-per-cent-owned Abu Marawat concession, located in Egypt's Arabian Nubian Shield, approximately 200 kilometres north of AngloGold Ashanti's world-class Sukari gold mine. Aton has identified numerous gold and base metal exploration targets at the concession, including the Hamama deposit in the west, the Abu Marawat deposit in the northeast and the Rodruin deposit in the south of the concession. Two historic British gold mines are also located on the concession at Semna and Sir Bakis. Aton has identified several distinct geological trends within the concession, which display potential for the development of a variety of styles of precious and base metal mineralization. The Abu Marawat exploitation lease is 57.66 square kilometres in size, covering the Hamama West and Rodruin mineral deposits, was established in January, 2024, and is valid for an initial period of 20 years. The concession also includes an additional 255.0 square kilometres of exploration areas, retained for a further period of four years from January, 2024. The concession is located in an area of excellent infrastructure, with a four-lane highway, a 220-kilovolt power line and a water pipeline in close proximity, and international airports at Hurghada and Luxor.

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