Sego Announces Flow Through Financing

• Sego Resources Inc. announced a flow-through financing offering on May 29, 2026.
• The company intends to sell up to 19,400,000 flow-through common shares at $0.05 per share.
• Gross proceeds are targeted at up to $970,000 for exploration activities at the Miner Mountain project near Princeton, British Columbia.
• Unlike previous financings in early 2026, no warrants are attached directly to the shares sold in this offering itself.
• Commission structure includes 7% cash and 7% warrants exercisable at $0.05 for one year paid on a portion of the placement.
• Insiders will participate in the private placement.
• Securities carry a four-month hold period from closing and are not registered under US securities laws.

• The financing is priced at $0.05 per share, which is a premium to the recent market close of $0.04 (May 28, 2026), indicating some investor confidence or support at this level.
• Compared to the March 2026 financing ($0.06/unit with warrants attached), this offering has no warrants attached to the shares sold, reducing immediate dilution pressure on existing shareholders despite the lower price point per unit.
• The need for capital so soon after closing a $925,600 placement in March 2026 suggests continued high cash burn and reliance on equity markets rather than operational revenue.
• No strategic investors (e.g., Sprott, Lundin) are mentioned; participation is limited to insiders and private placement investors.
• The news does not contain new geological discoveries or resource estimates that would fundamentally alter the company's valuation narrative beyond previous announcements in December 2025.
• Impact on stock price is likely neutral to slightly positive due to premium pricing, but long-term sentiment remains tied to exploration success rather than financing mechanics.

• Company: Sego Resources Inc., a junior exploration company focused on critical minerals.
• Flagship Project: Miner Mountain Project, a 2,056-hectare alkalic copper-gold porphyry exploration project located 15 km north of the Copper Mountain Mine in British Columbia.
• Key Zones: South Gold Zone (near-surface gold mineralization) and Cuba Zone (deep porphyry-controlled copper-gold).
• Discovery Status: Announced a new copper-porphyry system within the South Gold Zone in December 2025, with drill results showing up to 100m of 0.626 gpt Au.
• Development Stage: Exploration and resource definition; no production or revenue generation reported.