Company increases the size of its previously announced private placement from up to 17,500,000 units to up to 20,000,000 Units at $0.20 per unit, for gross proceeds of up to $4,000,000. Funds will be used for exploration and working capital. Closing is subject to regulatory approvals.
") announces that further to its news releases dated December 10, 2025 and December 23, 2025, it has increased the size of its previously announced private placement from up to 17,500,000 units of the Company to up to 20,000,000 Units at a price of $0.
20 per Unit for total gross proceeds of up to $4,000,000 exercisable into one additional Share for a period of two years from date of issue at a price of $0.40 per share. The gross proceeds from the issuance of the Units will be used for exploration costs and general working capital. The Company may pay finders' fees comprised of cash and/or non-transferable warrants in connection with the Placement, pursuant to the policies of the TSXV and applicable securities laws. The Company anticipates closing of the Placement as soon as practicable subject to receipt of all necessary regulatory approvals, including the approval of the TSXV. All securities issued under the Placement will be subject to applicable regulatory holds expiring four months and one day from date of issue. This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Statements contained in this press release that are not historical facts are"forward-looking information" or"forward-looking statements" within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes but is not limited to: the anticipated timing for completing the Placement; the potential payment of finders' fees in connection with the Placement; the intended use of proceeds from the Placement. The words"anticipate,""significant,""expect,""may,""will" and similar expressions are intended to be among the statements that identify Forward-Looking Information. Forward-Looking Information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the Forward-Looking Information. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, assumptions that general business and economic conditions will not change in a materially adverse manner; that all requisite approvals will be received, and all requisite information will be available in a timely manner. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, risks related to unforeseen delays; general economic, market or business conditions, regulatory changes; timeliness of regulatory approvals, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this Forward-Looking Information. The Company does not assume the obligation to revise or update this Forward-Looking Information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.Mining’s top ten ESG trends for 2026Lithium swings from glut to scarcity on Asia demand, Traxys says Lithium is emerging from a period of oversupply after record-high prices spurred supply growth at a time of disappointing demand.By measuring the krypton, the Curtin University team was able to work out how long zircon grains spent near the Earth’s surface before they were buried, like a ‘cosmic clock’.Japanese Prime Minister Sanae Takaichi and Italian Prime Minister Giorgia Meloni agreed to work together on critical mineral supply and elevate their Copper output is seen at 760,000 tons to 820,000 tons this year, rising as much as 11% from last year, the Chinese miner said.Congo state miner proposes deal for cobalt producer prized by US
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