Key Takeaways
Adyton Resources Corp. (TSXV: ADY) has secured C$20 million in financing to advance its Feni Gold-Copper Project in Papua New Guinea after filing its year-end 2025 financial statements.
"The financing strengthens our balance sheet and provides sufficient capital to advance exploration activities predominantly focused on the Feni project," Tim Crossley, Chief Executive Officer at Adyton Resources, said.
The company ended 2025 with C$18.3 million in cash and term deposits, a significant increase from the C$6.9 million reported at the end of 2024. The capital injection comes from a non-brokered and brokered financing that raised gross proceeds of C$20 million, positioning the company to expand its exploration programs.
The funding is critical for advancing the Feni project beyond its current 1.46 million ounce inferred resource and supports the company's strategy to achieve near-term production from its Fergusson Island projects. Adyton's projects are located on the Pacific Ring of Fire, near major deposits like the Lihir and Panguna mines, pointing to district-scale potential.
Through its joint venture partner, East Vision International Holdings (EVIH), Adyton completed approximately 8,000 meters of drilling across its Fergusson Island projects, Wapolu and Gameta. The program, which targeted resource expansion, was completed on time and within budget.
An updated NI 43-101 Mineral Resource Estimate for the Wapolu project showed an indicated resource of 33,000 ounces of gold from 1.0 million tonnes grading 1.00 g/t Au. The inferred resource is 393,000 ounces of gold from 12.7 million tonnes grading 0.97 g/t Au. Adyton plans a shallow open-pit operation at Wapolu to produce a gold-rich concentrate as part of its near-term production strategy.
The company also commenced its inaugural drill program at the Feni Gold-Copper Project, which holds an initial inferred mineral resource of 1.46 million ounces of gold. The primary goal is to expand the resource and define the structural controls of the mineralized system.
In corporate developments, Adyton appointed Michael Gray, Co-Founder of Agentis Capital, to its Board of Directors.
This article is for informational purposes only and does not constitute investment advice.
