Tartisan closes second tranche of FT financing

• Tartisan Nickel Corp. closed the second tranche of its flow-through financing on May 13, 2026.
• Gross proceeds raised were $600,000 CAD at a price of $0.32 per share.
• Proceeds are designated for exploration and development activities at the Kenbridge nickel-copper-cobalt project in Northwestern Ontario.
• The transaction included a 6% cash commission and 6% broker warrants (112,500 warrants expiring one year from transaction).
• CEO Mark Appleby stated they will advance their spring work program at Kenbridge shortly following the close.
• This follows a first tranche of $500,000 closed in April 2026 at $0.38 per share and an initial $1M financing in March 2026 at $0.38 per share.

• The financing is priced at a premium ($0.32) relative to the recent market close ($0.27 on May 12), indicating strong investor confidence or demand for flow-through tax benefits despite the stock's correction from January highs.
• While positive, the size of $600,000 is incremental compared to the total capital raised in late 2025 and early 2026 (over $4M CAD combined). It does not fundamentally alter the company's trajectory but sustains operations.
• The consistent ability to close financings at varying price points ($0.115, $0.20, $0.24, $0.38, $0.32) demonstrates management's execution capability in a volatile junior mining market.
• No strategic investors (e.g., Sprott, Lundin) were identified in this specific release; the capital comes from general flow-through subscribers.
• The dilution impact is moderate but cumulative given the frequency of financings over the past 6 months.

• Flagship Project: Kenbridge Nickel-Copper-Cobalt Project located in Sioux Narrows, Northwestern Ontario (Kenora Mining District).
• Infrastructure: Existing shaft depth of 622 meters (2,042 ft) with level stations at 150-ft intervals. All-season access available.
• Exploration Status: Phase 1 drilling program (~3,600m planned) is underway to convert resources and test extensions below the existing shaft.
• Other Assets: Sill Lake Silver Project (re-activated with historic resource of ~458k oz Ag) and Turtle Pond claims (expanded to 165 units/3,454 ha).