What is the anticipated use of proceeds from the $125M mezzanine, $50M stream, and $10M private placement?

Anticipated use of proceeds

The $125 million mezzanine facility, the $50 million gold‑stream financing, and the $10 million non‑brokered private placement are all earmarked for development and expansion of Asante’s core gold projects, principally the Kiska and Sifto‑Gosset assets in British Columbia. Management has indicated that the bulk of the capital will fund ‑  

1. Exploration and drill‑program acceleration on high‑grade target zones, allowing the company to convert inferred resources to measured & indicated categories and to meet the 2026 production ramp‑up timeline.
   
2. Project infrastructure and capital‑expenditure needs, such as mine‑site construction, processing‑plant upgrades, and permitting work that have been delayed by financing constraints.
   
3. Working‑capital and general corporate purposes, including the repayment of smaller senior‑debt tranches (the $5 million senior‑debt draw already demonstrates a priority on debt reduction) and funding of ESG‑compliant tailings‑management and community‑engagement initiatives.

Trading implications

With a near‑term cash infusion exceeding $185 million, Asante’s balance sheet is expected to shift from a liquidity‑tight to a cash‑rich profile, which should lower the discount to its net‑asset value and support a price rally if the market prices in the accelerated mine‑development milestones. Technicals are already showing a bullish breakout above the $1.45–$1.50 resistance band on the 4‑hour chart, and a retest of the 200‑day SMA (≈$1.38) could serve as a clean entry point. Traders might consider a long position with a stop just below the 200‑day SMA and target the next upside resistance near $1.80, where historical volume spikes aligned with positive drilling news. Conversely, any delay in capital deployment or drilling results would pressure the stock, so monitor the next operational update (expected Q3 2025) for confirmation.