Upside Gold Corp Stock Analysis 2026: Calgary, Alberta – Upside Gold Corp. has shared new details on how it will use its money following a big fundraising success.
The company finished an oversubscribed private placement on January 26, 2026. It sold 2,000,000 common shares at $0.40 each, bringing in gross proceeds of $800,000. The company paid finders’ fees of $30,450 in cash and issued 76,125 finder’s warrants. Each warrant lets the holder buy one share at $0.40 for the next twelve months.
In its prospectus from December 19, 2025, Upside Gold planned to use $900,000. This came from funds available as of November 30, 2025. Now, with the new $800,000 added, total available funds reach $1.7 million.
The company has updated its spending plans. It will keep some costs the same but increase others thanks to the extra cash.
Legal and other costs for the prospectus and Canadian Securities Exchange listing stay at $20,000.
For exploration on the Kena Gold-Copper Property, the original plan showed $261,800 left to spend from a larger $443,000 work program that was already proposed. The company has now finished that full program. With new funds, it plans to expand the summer 2026 work and add $123,200 in extra exploration costs. This brings the updated amount for the work program to $385,000. Other exploration expenses remain close to $150,000.
The biggest change is in general and administrative expenses, which rise from $442,000 to $960,000. This includes $480,000 for investor awareness and market making programs. The company has signed short-term deals with three companies to handle these efforts. It also plans $38,000 for a new listing on the OTC Markets in the United States.
General working capital increases from $26,000 to $185,000. The extra $159,000 will go toward follow-up exploration if results look good, finding and advancing new mineral projects, and keeping a cash reserve.
A large part of the new money will support investor awareness in Europe. Many investors in the recent placement come from Germany and nearby areas. After its Frankfurt listing, the company wants to improve communication with shareholders, raise market awareness, and support trading liquidity in those regions.
Upside Gold Corp. is a Canadian company focused on gold and copper exploration. It has an option to gain full ownership of the Kena Gold-Copper Project. This project sits in southeastern British Columbia, about 7 kilometres southwest of Nelson. It includes 198 mineral claims over 10,114.8 hectares plus 11 crown grants covering around 92 hectares.
The company works to move the Kena Project forward with careful exploration and drilling.
The project has a historical gold resource estimate. It shows an indicated resource of 32,146,000 tonnes at 0.544 g/t gold, equal to 0.561 million ounces. There is also an inferred resource of 177,507,000 tonnes at 0.486 g/t gold, equal to 2.77 million ounces. This comes from a 2021 technical report by Sue Bird, P.Eng., of Moose Mountain Technical Services, filed for West Mining Corp.
A qualified person has not done enough work to make this historical estimate current. Upside Gold does not treat it as a current resource. It is shared only for information.
This update comes at the request of the Canadian Securities Exchange.
(Source: TradingView)
