The Company has granted the Underwriters an over-allotment option (the "Over-Allotment Option") to purchase up to an additional 12% or 1,941,600 additional Common Shares at the Issue Price. The Over-Allotment Option will be exercisable in whole or in part at any time for a period until the closing date.
The Company intends to use the net proceeds to fund pre-production capital expenditures at the DeLamar Project, including procurement work, early works and land purchase.
The Offering is expected to close on or about February 9, 2026, subject to customary closing conditions, including receipt of all necessary approvals, including the approvals of the TSX Venture Exchange and NYSE American.
In connection with the Offering, the Company has filed a preliminary prospectus supplement (the "Preliminary Supplement") and will file a final prospectus supplement (the "Final Supplement" and, together with the Preliminary Supplement, the "Prospectus Supplements") to its short form base shelf prospectus dated January 16, 2024 filed in Canada (the "Base Shelf Prospectus") and the Company's United States registration statement on Form F-10 (File No. 333-276530) (the "Registration Statement") filed with the U.S. Securities and Exchange Commission (the "SEC") under the United States Securities Act of 1933, as amended, pursuant to the Multi-Jurisdictional Disclosure System adopted by the United States and Canada. The Prospectus Supplements, the Base Shelf Prospectus and the Registration Statement contain important information about the Company and the Offering. Prospective investors should read the Prospectus Supplements, the Base Shelf Prospectus, the Registration Statement and the documents incorporated by reference therein before making an investment decision. Access to the Prospectus Supplements, the Base Shelf Prospectus and any amendments thereto will be provided in Canada in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to such documents. The Base Shelf Prospectus and Preliminary Supplement are, and the Final Supplement will be (within two business days from the date hereof), accessible on SEDAR+ atĀ www.sedarplus.ca. The Preliminary Supplement has been, and the Final Supplement will ...