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Saskatoon-based Draganfly Inc., a drone manufacturer, has received a $10 million US investment from an unnamed U.S. fund and Unusual Machines Inc., which is linked to Donald Trump Jr. through its advisory board. The company clarified that the investments do not come with any special rights or board seats. Draganfly plans to use this funding to expand manufacturing capabilities and hire more staff, leveraging rising demand for its products in Canada and allied countries. The investment involves purchasing 1,869,159 common shares of Draganfly at $5.35 US per share, with the stock value increasing by $0.60 US on NASDAQ following this news.
Written locally by qwen2.5:14b on 2026-09-29,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Draganfly Inc., a Saskatoon-based drone manufacturing company founded in 1997, announced a $10 million US investment from two unnamed U.S. entities: an investment fund and Unusual Machines Inc., which has Donald Trump Jr. as an advisor on its board. The company clarified that no "special rights" or board seats are attached to this investment. Draganfly stated the funds will support hiring and manufacturing expansion due to increased demand for their technology in Canada and allied countries. The investment involved purchasing 1,869,159 common shares at $5.35 US per share. As of market close on Tuesday, the company's stock was trading at $6.20 US.
Written for “Trump Jr Investment” on 2026-10-05,
grounded in this article and the 0 other(s) covering the same event.
Sask. drone company says no 'special rights' attached to $10M US investment linked to Trump Jr.
2 U.S. companies investing in Saskatoon-based Draganfly
Saskatoon drone maker Draganfly Inc. says there are no "special rights" attached to a $10-million US investment from an unnamed U.S. investment fund and Unusual Machines Inc., a company linked to Donald Trump Jr.
Draganfly is headquartered in Saskatoon and was founded in 1997.
asserted
Draganfly → say → 1997
Unusual Machines and the unnamed fund are each investing $5 million US.
asserted
Machines → invest → US
Unusual Machines, a supplier of drone components, named the U.S. president's son to its advisory board in November 2024.
asserted
Machines → name → November
"No board seats or special rights are attached to these investments," a Draganfly spokesperson said in a statement emailed to CBC News.
asserted
spokesperson → attach → News
"In response to rising demand for Draganfly's proprietary products and technology in Canada and other allied countries, we have recently attracted investment to facilitate new hires and expand manufacturing capability.
asserted
we → rise → capability
The investment took the form of a purchase of 1,869,159 common shares of the company at a price of $5.35 US, according to a news release by Draganfly.
uncertain
investment → take → Draganfly
As of market close on Tuesday, the stock was trading at $6.20 US on the NASDAQ, a one-day increase of $0.60 US.
asserted
stock → trade → US
The stock also trades on the Canadian Securities Exchange.
asserted
stock → trade → Exchange
As of closing Tuesday, it was trading at $8.81, a one-day increase of $0.92.
asserted
it → trade → 0.92
The company said it plans to use the investment money to accelerate development and fund general working capital.
asserted
it → say → capital
Draganfly manufactures drones in Saskatoon and Vancouver, and is planning expansions in Edmonton and Ottawa.
asserted
Draganfly → manufacture → Edmonton
It also operates in Tampa, Fla.
asserted
It → operate → Tampa
The drones are used around the world in search and rescue operations, agriculture and by the U.S. military.
asserted
drones → use → military
In 2025, Draganfly won a contract to provide the U.S. Army with drones.
asserted
Draganfly → win → drones
Earlier this month, Draganfly secured a five-year contract with Ottawa to supply the Canadian Armed Forces with up to 5,000 drones.
asserted
Draganfly → secure → drones
The deal includes a firm commitment to buy 100 drones, with the option to purchase another 4,900.
asserted
deal → include → 4,900
The federal government approved Draganfly as a qualified supplier under Ottawa's Defence Drone Initiative.
asserted
government → approve → Initiative
In 2015, Draganfly was acquired by TRACE Live Networks, California-based tech firm.
asserted
Draganfly → acquire → Networks
Draganfly has a market capitalization of about $285 million, according to the company's statement.
uncertain
Draganfly → have → statement
The company is often cited as the maker of the first civilian drone to be credited with saving a life.
asserted
company → cite → life
A Draganfly drone was added to the collection of the Smithsonian Air and Space Museum.
asserted
drone → add → Museum
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