Mr. Rasool Mohammad reports
ARYA RESOURCES CLOSES OVERSUBSCRIBED $1.22 MILLION FLOW-THROUGH FINANCING AND ANNOUNCES SCHEDULED CLOSING OF NON-FLOW-THROUGH FINANCING
Arya Resources Ltd. has closed its previously announced flow-through financings, which were oversubscribed by 20 per cent for aggregate gross proceeds of $1.22-million. Its non-flow-through financing is scheduled to close on Jan. 8, 2026, subject to TSX Venture Exchange approval.
Closed flow-through financings:
- Critical mineral flow-through (CMETC) financing: The company issued 1,515,152 critical mineral flow-through common shares at a price of 33 cents per share for gross proceeds of $500,000.
- Standard flow-through financing -- oversubscribed by 20 per cent: The company issued 2,181,819 standard flow-through common shares at a price of 33 cents per share for gross proceeds of $720,000.
In total, Arya issued 3,696,971 flow-through shares for aggregate gross proceeds of approximately $1.22-million.
Use of flow-through proceeds
The gross proceeds from the flow-through financings will be used to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures and critical mineral flow-through mining expenditures, as applicable, under the Income Tax Act (Canada). The company intends to renounce these expenditures to subscribers effective Dec. 31, 2025.
Proceeds will be used to advance exploration at Arya's Wedge Lake gold project and Dunlop nickel-copper-cobalt project in Saskatchewan.
Non-flow-through financing
The company also announces that its previously disclosed non-flow-through financing is scheduled to close on Jan. 8, 2026, subject to receipt of final TSX-V approval.
Finders' fees
In connection with the flow-through financings, the company paid finders' fees consisting of a cash commission equal to 7 per cent of the gross proceeds raised from subscribers introduced by eligible finders and issued finder warrants equal to 7 per cent of the number of shares issued pursuant to those subscriptions.
Each finder warrant entitles the holder to purchase one common share of the company at a price of 33 cents per share for a period of 24 months from the date of issuance, subject to TSX-V approval.
About Arya Resources Ltd.
Arya Resources is a Canadian mineral exploration company focused on the acquisition, exploration and development of precious and critical metal projects in Saskatchewan. The company is advancing its flagship Wedge Lake gold project and its Dunlop nickel-copper-cobalt project, both located in mining-friendly jurisdictions with excellent infrastructure.
As a Tier 2 issuer on the TSX-V, Arya is committed to building shareholder value through discovery-driven exploration, disciplined execution and responsible development.
We seek Safe Harbor.
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