Opawica Explorations Announces Non-Brokered Private Placement with $1,050,000 Lead Order from Strategic Investors

Opawica Explorations Inc. (OPW) announced a non-brokered private placement of up to $2,950,000. The offering consists of flow-through common shares priced at $0.17 and non-flow-through units priced at $0.15. Each non-flow-through unit includes one common share and one-half of a warrant.

A $1,050,000 lead order from strategic investors was secured for the transaction. Proceeds are designated for Canadian Exploration Expenses on gold and critical mineral properties, qualifying for the Critical Mineral Exploration Tax Credit, and general working capital.

Warrants carry a $0.30 exercise price and a two-year term, with an acceleration clause if the share price reaches $0.40 for 10 consecutive days. The transaction is subject to TSX Venture Exchange approval and carries a statutory four-month and one-day hold period.

Opawica Explorations Inc. (OPW) has secured financing to address immediate liquidity constraints, as the company reported only $4,979 in cash and a working capital deficiency of $87,850 in its Q2 2026 financials. The offering price of $0.15 to $0.17 is higher than previous financings in July and August 2026, which were priced at $0.10, indicating modest market support or improved sentiment, though dilution remains a factor.

Proceeds will directly fund the planned 10,000-metre drill program at the Arrowhead property, aligning with the company's stated exploration strategy.

Opawica Explorations Inc. (OPW) is an exploration-stage gold company focused on the Abitibi Greenstone Belt in Quebec, Canada. Its flagship asset is the Arrowhead property, located immediately adjacent to Agnico Eagle's producing LaRonde Complex. The company also holds the Bazooka and McWatters properties. No NI 43-101 mineral resources or reserves have been declared. The company relies on equity financing to fund geological surveys, geophysical studies, and drilling programs.