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Windfall Geotek Inc
Symbol WIN
Shares Issued 134,000,000
Close 2025-11-07 C$ 0.04
Market Cap C$ 5,360,000
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Windfall Geotek closes $680,00 private placement

2025-11-07 18:32 ET - News Release

Mr. Michel Fontaine reports

WINDFALL GEOTEK ANNOUNCES CLOSING OF $680,000 PRIVATE PLACEMENT

Windfall Geotek Inc. has closed its previously announced non-brokered private placement, as initially disclosed on Oct. 22, 2025.

The company has raised $680,000 through the issuance of 34 million units at a price of two cents per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of five cents for a period of 24 months following the closing date.

All securities issued pursuant to the private placement are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.

Certain qualified parties received finder's fees totalling $3,850 in cash.

The net proceeds of the private placement will be used to:

  • Advance the company's AI-based (artificial intelligence) mineral exploration platform for identifying potential mineral targets;
  • Support the company's AI technology for UXO (unexploded ordnance) detection, currently under internal evaluation and pilot testing;
  • Provide for general working capital and research and development activities.

"We appreciate the continued support from our shareholders," said Michel Fontaine, president and chief executive officer of Windfall Geotek. "This financing enables us to continue developing and validating our AI models for both mineral exploration and UXO detection applications."

With more than 39 AI-assisted discoveries identified in collaboration with exploration clients, Windfall Geotek remains focused on applying its AI expertise across multiple sectors where data-driven target analysis can add measurable value.

Windfall Geotek is a global leader in AI-driven mineral exploration, turning complex geoscience data into high-potential discoveries with unmatched speed and accuracy. With a multidisciplinary team of geophysicists, geologists, AI specialists and mathematicians, Windfall is expanding its AI expertise into life-saving applications, including landmine and UXO detection. As part of its new business plan, Windfall will validate selected AI-generated targets, demonstrating to the market the power and reliability of its AI system.

Innovative, proven and scalable, Windfall delivers tangible results, real-world impact and strong growth potential.

We seek Safe Harbor.

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