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Eastport Critical Metals Corp
Symbol EVI
Shares Issued 30,906,564
Close 2026-01-21 C$ 1.00
Market Cap C$ 30,906,564
Recent Sedar+ Documents

Eastport arranges $2-million private placement

2026-01-21 19:31 ET - News Release

Mr. Burns Tennent-Bhohi reports

EASTPORT CRITICAL METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Eastport Critical Metals Corp. has arranged a non-brokered private placement consisting of up to 2.5 million units at a price of 80 cents per unit for gross proceeds of up to $2-million.

Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will be exercisable into one common share at a price of $1 per warrant for a period of three years from the date of issuance, subject to adjustment in certain events.

The company intends to use the proceeds of the offering for exploration and development activities at the company's projects in Botswana and for general working capital purposes.

All securities issued with respect to the offering will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities laws. Closing of the offering is subject to receipt of all necessary regulatory approvals, including from the TSX Venture Exchange. The offering may close in multiple tranches as subscriptions are received. Finders' fees composed of cash and common share purchase warrants may be payable in connection with the sale of the units in accordance with the policies of the TSX-V.

About Eastport Critical Metals Corp.

Eastport is a critical mineral development company advancing five projects in Botswana, with cumulative historical and current expenditures approaching $20-million. The company's most advanced asset is the Matsitama copper project, which hosts multiple sizable targets across the Matsitama copper district.

The company's additional projects include Selebi East, a nickel-copper-cobalt project located seven kilometres east of the historic Selebi mines; the Semarule rare earth element project, positioned within the Gaborone-Molepolole corridor; the Foley uranium project, adjoining the Letlhakane uranium deposit; and the Keng project, which targets nickel, copper and platinum group elements on the northern margin of the Molopo farms complex.

Botswana is widely regarded as one of Africa's strongest mining jurisdictions, combining the continent's highest gross domestic product per capita with a 50-year record of large-scale mineral development since the Orapa diamond discovery in 1967. The country ranks among the top performers globally on the Fraser Institute's Investment Attractiveness Index and is the highest-rated jurisdiction in Africa on the Policy Perception Index. These rankings reflect Botswana's stable regulatory environment, consistent rule of law and long-standing support for responsible mineral development -- factors that have underpinned significant investment and major merger-and-acquisition activity in the natural resource sector in recent years.

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