Morocco Strategic closes $600,000 private placement

The most recent news dated December 19, 2025, announces the closing of a non-brokered private placement raising gross proceeds of $600,000. The company issued 6,000,000 units at a price of $0.10 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, with a full warrant exercisable at $0.15 for a period of 24 months. The funds are earmarked for the development of its portfolio in Quebec and Morocco and for general working capital.

The impact of this news is neutral to slightly negative from a shareholder dilution perspective. While the financing provides necessary runway, the material impact is limited: - Financial Survival: Given the company’s net loss of $1,375,224 for the nine months ended April 30, 2025 (roughly $152,000/month burn), this $600,000 raise provides less than four months of operational capital at previous spending levels. - Lack of Progress: The company launched a "Maiden Drill Program" at Timarighine in June 2025. It is now December 2025, and no drill assays have been released. Raising "working capital" instead of "drilling capital" suggest funds are being used to maintain the corporate shell rather than aggressive exploration. - Stagnant Valuation: The financing was done at $0.10, which is the same price as the $1.0M financing closed in February 2025. There has been no value appreciation in the share price despite a year of "exploration" and sampling results.

Morocco Strategic Minerals Corp. is a junior explorer focused on copper, gold, and polymetallic assets. - Flagship Project: Timarighine Copper Prospect, Morocco. - Property Details: 64 sq. km in the Anti-Atlas region. Mineralization includes high-grade copper sulphides and oxides (up to 16.16% Cu in surface samples). - Secondary Projects: Tifernine (Morocco) and BMR (Morocco option). - Quebec Assets: Sakami (Gold), Iserhoff (Gold), and Paka (Lithium), which appear to be secondary focus areas currently.