Tajiri Resources Receives C$1 Million from Warrant Exercises and Provides Update

On May 20, 2026, Tajiri Resources announced the receipt of C$1 million from the exercise of 7,142,857 warrants (originally issued in September 2025 at $0.14) by Paragon Fund Management. The company stated that total cash position has been strengthened by $5.7 million following the warrant exercise and two previous non‑brokered private placements (closed April 24 and May 2). The release recaps ongoing trenching results at the flagship Yono Gold Project in Guyana: first‑pass intercepts of 2 m @ 41.3 g/t Au, 2 m @ 30.2 g/t Au, and subsequent phase‑II infill/step‑out results such as 12 m @ 2.4 g/t, 20 m @ 1.4 g/t, 4 m @ 5.5 g/t, 19 m @ 4.6 g/t and 32 m @ 1.1 g/t Au, delineating three main structural‑stratigraphic corridors over roughly 3 km of strike. The company states it is accelerating exploration in preparation for initial drilling. All quoted trench results were previously disclosed; the update introduces no new assays.

• Financing confirmation: The $1 million warrant exercise is small relative to the $5.7 million aggregate cash injection, which was already known from the two April/May 2026 private placements ($2.5 million at $0.18 and up to $2 million at $0.21). The market had already priced in the earlier placements (stock rallied from $0.18 to $0.31) and the subsequent exercise of deep‑in‑the‑money warrants was widely expected given the share price ($0.28) vs. the $0.14 strike. The “fully funded” statement provides comfort but does not alter the fundamental exploration story.
• Exploration recap: All trench intercepts were previously reported in December 2025, February 2026, and March 2026. The release merely aggregates them; it adds no new discovery or grade expansion. While the 3 km of strike with >1 g/t Au remains positive, it is not new information.
• Overall: The news is a corporate housekeeping / status update. It confirms that the company has sufficient cash to proceed with the next phase (drilling), which is a necessary precondition, but it breaks no new ground in terms of exploration results. Therefore, the news is Routine – Positive.

Tajiri Resources Corp. is a gold exploration company focused on greenstone‑hosted gold targets in Guyana and Burkina Faso. Its primary asset is the Yono Gold Project in Guyana, where it holds a 65% managing interest through a joint venture with Nebula Resources Inc. (carried 35% interest until feasibility; then convertible to a 10% Net Profits Interest or 2.5% NSR). Yono lies immediately contiguous to G Mining Ventures’ Oko‑West deposit (6.9 Moz Indicated + 2.0 Moz Inferred gold) and G2 Goldfields’ Oko Main Zone. Trenching at Yono – across multiple programs – has outlined three structural‑stratigraphic corridors with a combined strike length of ~3 km, returning high‑grade intercepts including 2 m @ 41.3 g/t Au, 2 m @ 30.2 g/t Au and broad zones of >1 g/t Au. The company also holds the earlier‑stage Gargantuan and Epeius‑Kaburi projects in Guyana and the Reo project in Burkina Faso, but Yono is the primary value driver.