Northwire Canada EditionThursday, November 12, 2026
Northwire
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Gold 3,919.10 −2.0% Silver 50.73 −2.5% Copper 6.20 −1.4% Oil 87.19 +0.8% Palladium 1,005.50 −3.9% ZEN 0.550 +0.0% TDG 0.490 +0.0% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.360 +0.0% RIO 2.67 +0.0% COSA 0.310 +0.0% DML 3.13 +0.0% VCU 0.770 +0.0% CS 11.49 +0.0% OMM 0.040 +0.0% NAU 0.530 +0.0% AHR 0.920 +0.0% VLD 0.400 +0.0% CPER 0.020 +0.0% STND 0.060 +0.0% Gold 3,919.10 −2.0% Silver 50.73 −2.5% Copper 6.20 −1.4% Oil 87.19 +0.8% Palladium 1,005.50 −3.9% ZEN 0.550 +0.0% TDG 0.490 +0.0% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.360 +0.0% RIO 2.67 +0.0% COSA 0.310 +0.0% DML 3.13 +0.0% VCU 0.770 +0.0% CS 11.49 +0.0% OMM 0.040 +0.0% NAU 0.530 +0.0% AHR 0.920 +0.0% VLD 0.400 +0.0% CPER 0.020 +0.0% STND 0.060 +0.0%
Financings

Eastport Critical Metals Announces Non-Brokered Private Placement

EVI · Price

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.
Read the original news release →

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