Pacific Booker Minerals Inc. to Upsize Non-Brokered Private Placement

Pacific Booker Minerals Inc. announced an increase in its previously announced non-brokered private placement, raising the total from approximately $10.0 million to $12.0 million. The offering will issue up to 5,128,206 units at a price of C$2.34 per unit. Each unit consists of one common share and one common share purchase warrant. The warrants are exercisable at $2.75 per share for 36 months from closing.

Net proceeds from the offering will fund the advancement of the Morrison project and general corporate purposes. Closing is subject to TSX Venture Exchange approval. Lock-up periods include a statutory hold of four months and one day, plus a contractual six-month lock-up for subscribers. Related parties are expected to participate on identical terms. No finder's fees or commissions are payable.

Pacific Booker Minerals Inc. (BKM) has increased its financing from $10 million to $12 million, a move indicating strong investor demand or an accelerated need for capital to fund the ongoing Pre-Feasibility Study (PFS) and corporate operations. The financing price of $2.34 represents a discount to the recent market trading range of $2.70–$2.90, a structure standard for junior mining private placements that introduces near-term dilution.

The capital injection directly addresses the company's negative equity position and cash burn, providing a clear runway to complete the Tetra Tech-led PFS expected in Q1 2027. The transaction serves as a direct follow-up to the October 5 announcement and the July $4 million closing, fitting the pattern of incremental capital raises required to advance the project through the exploration-to-development pipeline. No strategic investors or premium valuations are attached; this is a standard equity raise to fund operations and technical studies.

Pacific Booker Minerals Inc. (BKM) is a Canadian junior explorer focused on its 100%-owned Morrison Copper-Gold-Molybdenum project in central British Columbia. The project hosts a significant resource base, including 208 Mt at 0.39% Cu, 0.19 g/t Au, and 0.005% Mo in the Measured & Indicated category, plus 63 Mt Inferred.

The company is advancing the project through a Pre-Feasibility Study led by Tetra Tech Canada Inc., with completion targeted for Q1 2027. Recent analytical work identified nine additional Canadian critical minerals, including cobalt, lithium, and nickel, as well as rare earth elements, though commercial recoverability remains unproven. The company is in an advanced exploration stage with no revenue, relying entirely on equity financings and option exercises for liquidity.