Triumph Gold closes $1.93-million private placement

Executive Summary

• Triumph Gold Corp. closed a non‑brokered private placement of 6,456,664 units at $0.30 per unit, generating gross proceeds of $1,937,000.
• Each unit includes one common share and one common share purchase warrant (exercise price $0.45, two‑year term); broker warrants were also issued.
• Proceeds will be used for general working capital and to advance exploration on the Freegold Mountain project; related‑party participation by Executive Chair John Anderson disclosed.

Key Details

• Units Issued: 6,456,664 units at $0.30 per unit.
• Gross Proceeds: $1,937,000.
• Unit Composition: 1 common share + 1 common share purchase warrant (exercise price $0.45, exercisable for two years).
• Closing Date: December 1, 2025; issuance date of shares and warrants also December 1, 2025.
• Hold Period: Four‑month hold period on issued securities expires April 21, 2026.
• Finder’s Fees Paid: $81,199.94 (aggregate).
• Broker Warrants Issued: 270,666 non‑transferable broker warrants; each convertible into one common share at $0.45, two‑year term.
• Use of Proceeds: General working capital and exploration activities on the Freegold Mountain project.
• Related Party Transaction: Executive Chair John Anderson purchased 250,000 units; transaction exempt from MI 61‑101 valuation/approval thresholds.

Notable Quotes

(No direct quotes provided in the release.)