Ximen Mining (XXMMF) has closed a private placement with gross proceeds of up to $351,440 to fund exploration and working capital. The financing, previously announced on September 18, 2026, consisted of 4,393,000 units at $0.08 each. Each unit includes one common share and one transferable warrant to purchase an additional common share.
The warrants carry an exercise price of $0.12 per share and remain exercisable for 18 months from issuance. Ximen plans to use the net proceeds for exploration expenses on its British Columbia mineral properties and general working capital. Securities issued in the closing are subject to a hold period expiring on February 10, 2027. The closing remains subject to final TSX Venture Exchange approval.
Ximen Mining (XXMMF) announced efforts to secure non-dilutive funding for portal and mine development at the Kenville Gold Mine and a bridge private placement of up to $350,000, expected to close on September 25, 2026.
The non-dilutive funding under negotiation is intended to finance decline/portal and mine development while limiting equity dilution, although no definitive agreement has been reached and there is no assurance any financing will be completed. To maintain near-term site operations, Ximen plans a non-brokered private placement of up to 4,375,000 units at $0.08 per unit, each unit including one common share and one 18‑month warrant exercisable at $0.12. Proceeds will fund ongoing work at Kenville, where equipment and power are in place and management is targeting portal construction toward late October 2026, subject to financing, permits, contractor engagement, weather and regulatory approvals.
Ximen Mining (XXMMF) reports that site construction and preparation activities are now underway at its Kenville Gold Mine project near Nelson, British Columbia. The company has completed required pre-construction steps for surface water-management works, including submission of engineering drawings for surface water ponds, with the related 60-day notice period ending on September 1, 2026, and a meeting with the Ministry held on that date. Immediate work focuses on installing liners for flood retention ponds designed to manage stormwater, including a theoretical 200‑year flood event, with completion targeted by the end of September 2026, subject to site conditions.
Power has been tied into the site, and Ximen is organizing materials, equipment, contractors and a small crew for the next phase. The company holds a Mines Act permit for a new Venango portal and 1,200 metres of decline and has obtained required groundwater licences. Following completion of initial site works and remaining permit preconditions, Ximen is targeting commencement of portal construction by the end of October 2026, subject to contractor availability, procurement, site conditions and remaining engineering deliverables.
Ximen Mining (OTC: XXMMF) announced it is in the final stages of the building stabilization inspection at its Kenville mine project in southeastern British Columbia. The company does not anticipate complications and plans to complete a required safety report on existing site structures before the next project phase.
Ximen Mining (OTC: XXMMF) reported progress at its Kenville gold mine near Nelson, BC. Engineering design work continues, including LiDAR surveying of historic tunnels using a robotic dog, foundation investigations, and a water retention plan assessment. This work prepares for a planned new underground decline accessing gold-bearing quartz veins.
Ximen Mining (OTC:XXMMF) provided an engineering update on the Kenville mine project in southeastern British Columbia. Detailed design work for underground development is underway, with hydrogeologic, geotechnical and ground-support designs completed. An engineering site examination of existing building foundations is scheduled for early June.
This work supports preparations for a potential construction start on a new underground decline to access multiple gold-bearing quartz veins around the past-producing Kenville gold mine.
Ximen Mining (OTC: XXMMF) has initiated engineered mine design work for the Kenville underground project in the Nelson mining camp, B.C.
The detailed design will cover all existing and planned excavations, geologic and geotechnical conditions, ground support, and closure plans for the New Venango, 257 and 275 portals, advancing the project toward construction of a new decline to access gold-bearing quartz veins.
Ximen Mining (OTC: XXMMF) updated on the Kenville mine project in Nelson, BC, reporting on-site work by engineering and environmental consultants to complete a water retention works design. The engineered design must be submitted to the Ministry of Energy and Critical Minerals for approval before construction under the Mines Act permit. The step precedes construction of a new underground decline to access gold-bearing quartz veins west and south of the historic mine.
Ximen Mining (OTC: XXMMF) received two water licences under British Columbia's Water Sustainability Act on April 9, 2026, authorizing use of groundwater from a bedrock aquifer for the Kenville Gold Mine near Nelson, BC.
The permits cover the Venango and adjoining Election properties and clear a regulatory hurdle required before construction of a new underground portal and decline can begin; final pre‑construction engineering (water retention tank design and foundation/road stability report) remain to be completed.
Ximen Mining (OTC: XXMMF) reported assay results from hole B24-07 at the Brett project near Vernon, BC, that include a high-grade intercept of 79.20 g/t Au over 0.55 m with visible gold at ~87.25 m. The hole also returned 3.37 g/t Au over 6.22 m and multiple higher-grade and longer composite intercepts.
The company says the West Zone shows pervasive clay alteration, faults, porphyry and consistent high-grade mineralization, is largely underexplored, and will be subject to expanded exploration and permitting; assays for B24-06 and B24-08 are pending.