P2 Gold closed a non-brokered private placement of 15.5 million units at C$0.75 each, raising gross proceeds of C$11.625 million. Strategic investor The Quaternary Group Limited purchased 10 million units, while company insiders subscribed for another 300,000 units.

Each unit comprised one common share and one warrant exercisable at C$1.50 for two years. P2 said the proceeds would support exploration and development work at Gabbs and provide general working capital. The securities carry a hold period ending September 26, 2026, and no finder fees were paid. The completed financing gave the company additional capital for its expanded drilling program, updated resource estimate and feasibility work at the Nevada project.