Eastport Critical Metals Announces Non-Brokered Private Placement

Executive Summary

• Eastport Critical Metals Corp. announced a non‑brokered private placement of up to 2,500,000 units at $0.80 per unit, targeting gross proceeds of up to $2 million.
• Each unit consists of one common share and one warrant exercisable at $1.00 per share for three years.
• Proceeds will be used to fund exploration and development activities on the Company’s Botswana projects and for general working capital.

Key Details

• Offering Size: Up to 2,500,000 units (each = 1 common share + 1 warrant).
• Price per Unit: $0.80 → Maximum gross proceeds of $2,000,000.
• Warrant Terms: One Common Share purchase warrant per unit; exercisable at $1.00 per share for three years from issuance; subject to adjustment on certain events.
• Use of Proceeds: Exploration and development of Botswana projects (Matsitama Copper Project, Selebi East, Semarule REE Project, Foley Uranium Project, Keng Project) and general working capital.
• Holding Period: Securities subject to a lock‑up of four months and one day from issuance per securities law requirements.
• Closing Conditions: Subject to receipt of all required regulatory approvals, including TSX Venture Exchange (TSXV) approval; may close in multiple tranches as subscriptions are received.
• Finders’ Fees: May be payable in cash and/or Common Share purchase warrants in accordance with TSXV policies.
• Regulatory Note: Units are not registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States absent registration or an applicable exemption.

Notable Quotes

• “The capital raised through this offering will accelerate our exploration program in Botswana, positioning Eastport to capitalize on the region’s world‑class mineral potential.” – Burns Singh Tennent‑Bhohi, CEO & Director, Eastport Critical Metals Corp.