Erdene Announces $25 Million Bought Deal Private Placement

Executive Summary

• Erdene Resource Development Corp. entered into a bought‑deal private placement agreement with Paradigm Capital Inc. and a syndicate of underwriters to sell 2,809,000 common shares at $8.90 per share for gross proceeds of $25,000,100.
• The underwriters received an option to purchase up to an additional 421,000 shares at the same price.
• Net proceeds will be used for exploration and technical studies on properties outside Erdene’s strategic alliance with Mongolian Mining Corporation (including the Khuvyn Khar copper‑porphyry system and Zuun Mod molybdenum‑copper deposit) as well as target evaluation, general corporate purposes, and working capital.

Key Details

• Issue Price: $8.90 per common share
• Shares Sold (Initial): 2,809,000 common shares
• Gross Proceeds: $25,000,100
• Underwriters’ Option: Up to 421,000 additional common shares at the same issue price, exercisable with ≥48 hours notice prior to closing.
• Closing Date: Expected on or about February 5, 2026 (subject to regulatory approvals and customary conditions).
• Use of Proceeds:
• Exploration and technical studies on non‑strategic‑alliance properties, notably the wholly‑owned licence containing the Khuvyn Khar copper‑porphyry system and Zuun Mod molybdenum‑copper deposit.
• Target evaluation.
• General corporate and working capital purposes.
• Offering Structure: Bought‑deal private placement under Part 5A of NI 45‑106 (Listed Issuer Financing Exemption); shares to be sold to Canadian investors (excluding Québec) and potentially other jurisdictions via applicable exemptions.
• Regulatory Notes: Shares will not be registered in the United States and may not be offered or sold there without registration or an applicable exemption.

Notable Quotes

(No direct quotes were provided in the release.)