Mr. Simon Stilwell reports
RESOURO COMPLETES FINAL TRANCHE OF PRIVATE PLACEMENT
Resouro Strategic Metals Inc. has completed the second closing and final tranche of its previously announced non-brokered private placement. The final tranche consists of the issuance of 2.56 million common shares at a price of 25 cents per common share for additional gross proceeds of $640,000.
Together with the first tranche, which closed on Aug. 6, 2026, Canada (Aug. 7, 2026, Australia), the company has issued a total of 10 million common shares at a price of 25 cents per common share, for aggregate gross proceeds of $2.5-million, under the private placement.
The company paid a cash finder's fee of $4,500 that will be paid in connection with the offering.
All securities issued under the offering are subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable Canadian securities laws and TSX Venture Exchange policies. In accordance with the Australian Securities Exchange listing rules, the shares were issued pursuant to the company's available placement capacity under listing Rule 7.1. No related parties or their associates are participating in the offering.
The offering remains subject to final approval by the TSX Venture Exchange. The private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
The company intends to use the net proceeds of the private placement for general working capital purposes and to advance the environmental program, an essential step toward the preliminary feasibility study for the Tiros project.
About Resouro Strategic Metals
Inc.
Resouro is a Canadian mineral exploration and development company focused on the discovery and development of economic mineral projects in Brazil. Its flagship Tiros titanium and rare earth element project comprises 28 mineral concessions totalling 497 square kilometres in the state of Minas Gerais, one of Brazil's most infrastructurally developed states. The Tiros project is supported by a Joint Ore Reserves Committee-compliant mineral resource estimate and a preliminary economic assessment for a starter operation. Resouro is also developing the Novo Mundo gold project, located in Mato Grosso state.
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