Blue Star Gold completes $1.74 million private placement

Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) completed its non-brokered private placement, raising aggregate gross proceeds of $1,739,999.90, according to a company statement.

The Vancouver-based mineral exploration company issued 1,600,000 flow-through units at $0.15 per unit and 10,714,285 units at $0.14 per unit. The company stated no further tranches will be completed for this private placement.

Blue Star had previously announced the private placement on August 12, 2025.

The company operates mineral exploration and development projects in Nunavut, Canada, with landholdings totaling 300 square kilometres in the High Lake Greenstone Belt. Its properties include the Ulu Gold Project, comprised of the Ulu Mining Lease and Hood River Property, and the Roma Project.

The Flood Zone deposit at the Ulu Mining Lease contains what the company describes as a high-grade gold resource. The properties are located 40-100 kilometres south of the planned deep-water port at Grays Bay, with the proposed Grays Bay Road route corridor passing near both the Roma and Ulu Gold Projects.

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