Pinnacle Minerals Acquires 8 US Projects, Raises $2.2M for Exploration
Pinnacle Minerals has raised $2.2 million to fund its strategic expansion into the US critical minerals sector, acquiring eight new projects and commencing exploration activities in Idaho and Washington State.
- Raised $2.2 million through placements to fund exploration and acquisitions
- Acquired eight critical minerals, gold, and silver projects in the USA
- Started on-ground exploration targeting gold, silver, antimony, and tungsten
- Announced intention to list on the US OTCQB market
- Maintained a strong cash position of AUD 583,000 at quarter-end
Strategic Capital Raising Fuels Growth
Pinnacle Minerals Ltd has marked a pivotal quarter with a successful capital raising of $2.2 million, the company's first since its ASX listing in March 2021. This funding round, completed in two tranches, is designed to support ongoing projects and enable the pursuit of new strategic opportunities, particularly in the critical minerals space.
Expanding Footprint in the United States
Following the quarter, Pinnacle announced the acquisition of eight projects across the United States, focusing on critical minerals, gold, and silver. These include six projects adjacent to established mining operations such as Perpetua’s Stibnite mine and Resolution Minerals’ Horse Heaven and Antimony Ridge projects, as well as two projects in historic mining districts in Washington State. This expansion positions Pinnacle as an emerging player in key mineral sectors essential for global decarbonisation efforts.
Exploration Activities Underway
On-ground exploration has already commenced at several US sites, including Thunder Mountain, Yellow Pine, and Antimony Queen projects. Field crews are targeting high-priority anomalies in gold, silver, antimony, and tungsten, signaling a transition from acquisition to active exploration. The company’s Executive Chairman, William Witham, highlighted the importance of defining priority drill targets and progressing permitting to advance these projects.
US Market Listing and Advisory Appointments
In a strategic move to enhance its capital market presence, Pinnacle announced its intention to list on the US OTCQB Market and has appointed US-based advisors to support this process. This step is expected to broaden the company’s investor base and facilitate access to North American capital markets, aligning with its growing US asset portfolio.
Financial Position and Outlook
As of 30 September 2025, Pinnacle held approximately AUD 583,000 in cash and equivalents, with expenditures focused on exploration mobilization, geological consulting, and corporate costs. The company’s outlook for the December quarter includes receipt and interpretation of exploration results from the Yellow Pine and Antimony Queen projects, alongside ongoing strategic reviews of its Australian assets. The recent capital raises and acquisitions underpin Pinnacle’s confidence in sustaining and accelerating its exploration activities.
Bottom Line?
Pinnacle Minerals is poised to leverage its new US assets and capital to become a significant player in the critical minerals sector, with market watchers keenly awaiting exploration results and its US listing progress.
Questions in the middle?
- How will Pinnacle’s US acquisitions impact its overall resource portfolio and valuation?
- What are the timelines and regulatory hurdles for the planned OTCQB listing in the US?
- How will ongoing exploration results influence Pinnacle’s near-term capital requirements?
