Argyle Resources arranges $1-million offering

Executive Summary

• Argyle Resources Corp. announces a LIFE financing of up to 5 million units at C$0.20 per unit, targeting gross proceeds of up to C$1 million.
• Each unit consists of one common share and one warrant allowing purchase of an additional share at C$0.27 for 24 months after closing.
• Net proceeds will be allocated to legal/accounting fees, marketing, exploration activities on its quartzite silica projects, general working capital, and other purposes described in the offering document.

Key Details

• Offering Size: Minimum 2.5 million units; maximum 5 million units.
• Price per Unit: C$0.20 (US‑equivalent $0.20).
• Gross Proceeds: Minimum C$500,000; maximum up to C$1 million.
• Unit Composition: 1 common share + 1 share purchase warrant.
• Warrant Terms: Right to purchase one additional share at an exercise price of C$0.27; exercisable for 24 months post‑closing.
• Exemption Used: Listed Issuer Financing Exemption (LIFE) under NI 45‑106, applicable in all Canadian provinces except Quebec.
• Resale Restrictions: Units not subject to resale restrictions under applicable securities laws.
• Closing Condition: Must raise at least the minimum C$500,000 for the offering to close.
• Use of Proceeds: Legal and accounting expenses; marketing and advertising; mineral property exploration activities (including quartzite silica projects in Quebec and optional REE/graphite projects); general working capital; other purposes as detailed in the offering document.
• Closing Date: Expected on or about 22 Oct 2025, subject to customary conditions and CSE approval.

Notable Quotes

(No direct quotes were provided in the release.)