Investors

Pre-IPO Private Placement

The company launched a best-efforts private placement to fully fund its upcoming exploration phases.

Total Offering Size: Up to $4,000,000
Common Unit Offering: Up to $2,000,000 gross proceeds at $0.56 per Common Unit. Each unit contains one common share and one-half of one common share purchase warrant.
Federal Flow-Through (FT) Unit Offering: Up to $2,000,000 gross proceeds at $0.72 per Federal FT Unit. Each unit contains one common flow-through share and one-half of one common share purchase warrant.
Warrant Terms: Each whole warrant is exercisable to acquire one common share at an exercise price of $0.80 for a period of 36 months following closing.
Closing Date: May 28, 2026

Preliminary Valuation

Proposed Use of Proceeds

The combined capital raises of approximately $9.0M are structured to fully fund Phase 2 and Phase 3 exploration programs alongside corporate and transaction costs. General and administrative expenses are strictly managed to represent under 10% of all capital raised.

Phase 2 Exploration Budget (Pre-IPO Financing)

Airborne Geophysics: $350,000
Borehole EM: $150,000
Mapping & Prospection: $200,000
Diamond Drilling: $1,936,000
Shared Costs: $40,000
General and Administrative: $262,000
Fees: $250,000
Contingency (~10%): $326,000
Total Phase 2 Budget: $3,514,000

Phase 3 Exploration Budget (IPO Financing)

Airborne Geophysics: $550,000
Borehole EM: $200,000
Mapping & Prospection: $200,000
Diamond Drilling: $2,904,000
Shared Costs: $70,000
General and Administrative: $262,000
Fees: $750,000
Contingency (~10%): $550,000
Total Phase 3 Budget: $5,486,000

Pre-IPO Private Placement

Preliminary Valuation

Proposed Use of Proceeds

Phase 2 Exploration Budget (Pre-IPO Financing)

Phase 3 Exploration Budget (IPO Financing)

Drilling Strategy

Energy Transition

EXPERIENCE