Radisson Announces Closing of Bought Deal Financing for $25 Million

• Financing Closing: Radisson Mining Resources Inc. closed a bought deal private placement on May 28, 2026, raising approximately $25 million in gross proceeds.
• Share Issuance: 18,115,797 Class A common flow-through shares were issued at $1.38 per share.
• Use of Proceeds: Net proceeds are designated for eligible Canadian exploration expenses (flow-through mining expenditures) on the O'Brien Gold Project, specifically funding deep drilling expansion to 2.5 kilometers depth by December 31, 2027.
• Underwriting: Syndicate led by ATB Cormark Capital Markets with a cash commission of $1.3 million paid from existing cash on hand.
• Strategic Context: The financing extends the exploration horizon from a previous floor of 2 kilometers to 2.5 kilometers using new directional wedging and step-out drilling rigs, building upon the April 30, 2026 results which confirmed mineralization continuity at 1.9 kilometers.
• Tax Indemnity: Company will indemnify subscribers if unable to renounce Qualifying Expenditures by December 31, 2026.

• Expected Nature: The financing was announced on May 5, 2026 ($20M initial) and closed as expected on May 28, 2026 ($25M final). As a closing of a previously announced deal, it falls under Routine rather than unexpected Material news.
• Valuation Signal: The issue price of $1.38 represents a significant premium (approx. 36%) over the recent market trading price of ~$1.01 on May 27. This suggests strong institutional demand or confidence in the project's valuation, likely driven by the successful deep drilling results from April and March.
• Dilution Impact: The issuance of 18.1 million shares introduces dilution to existing shareholders. Given an estimated float of ~150-160 million shares, this represents roughly 11-12% dilution, which is standard for junior miners but must be weighed against the capital raised.
• Strategic Value: The capital secures funding for a critical phase (deep drilling to 2.5km) that could materially increase resources beyond the current March 2026 MRE (1.69 Moz Inferred). This de-risks the project's long-term viability and supports the PEA economics ($532M NPV).
• Conclusion: While dilutive, the financing validates management's ability to raise capital at a premium price point in a strong market environment for gold exploration. It is Routine - Positive as it fulfills an announced mandate with favorable terms relative to recent trading levels.

• Company: Radisson Mining Resources Inc., focused on gold exploration in Quebec, Canada.
• Flagship Project: O'Brien Gold Project (100% owned).
• Project Status: Advanced exploration with a Preliminary Economic Assessment (PEA) completed July 2025.
• Resource Estimate (March 2026): Indicated: 0.63 Moz Au @ 5.59 g/t; Inferred: 1.69 Moz Au @ 5.08 g/t.
• Exploration Target: Management targets 3-4 Moz Au at 4.5-8.0 g/t based on deep drilling potential to 2km+ depth.
• Processing Strategy: Off-site toll milling at IAMGOLD's Doyon mill (conceptual), reducing capex requirements.