Sankamap Closes Oversubscribed Private Placement

Executive Summary

• Sankamap Metals Inc. closed its previously announced unit offering, selling 21,168,576 units at $0.35 each for total gross proceeds of $7,409,001.
• Each unit comprised one common share and half of a common‑share purchase warrant (exercise price $0.55, exercisable for 24 months).
• Proceeds will be used to accelerate exploration (including acquisition of a drilling rig for the Fauro property), advance development of the Kuma and Fauro projects, and fund general working capital.

Key Details

• Units sold: 21,168,576
• Price per unit: $0.35
• Gross proceeds: $7,409,001
• Unit composition: 1 common share + ½ warrant (full warrant exercisable at $0.55 for 24 months).
• Finder compensation: $300,465 cash paid to arm’s‑length finders; issuance of 1,153,113 finder warrants (exercise price $0.35, 24‑month term).
• Use of proceeds:
• Acquisition of a drilling rig for simultaneous drilling at the Kuma and Fauro properties.
• Advancement of exploration programs on both properties.
• General working capital.
• Holding period: All securities subject to a four‑month + one‑day hold period expiring July 19, 2026.
• Regulatory status: Offering received no objection from the Canadian Securities Exchange (CSE).

Notable Quotes

“We are very pleased with the strong investor interest in this financing, which was significantly oversubscribed. This level of support reflects confidence in our strategy, the strength of our team, and the opportunities ahead.” – John Florek, CEO

Materiality Assessment: Material – Positive (significant capital raise to fund exploration and development activities).