Mineral Road Announces Non-Brokered Private Placement

• On 2026‑04‑08 the company announced a non‑brokered private placement of up to 6,000,000 units at $0.06 per unit, targeting gross proceeds of ≈ $360,000.
• Each unit consists of one common share and one warrant (exercise price $0.08, three‑year term).
• Proceeds are earmarked for general working capital.
• Securities will be subject to a four‑month hold period and require CSE approval.

• The financing is tiny relative to the company’s balance sheet (cash at end of 2025 was $11,375). Adding $360k improves liquidity modestly but does not resolve the underlying cash burn.
• Issuing new shares at a price well below recent trading levels ($0.07) creates dilution pressure and signals that the market may not support higher pricing.
• No strategic investor disclosed; the placement is likely to existing insiders or private investors, offering little validation of valuation.
• Compared with prior financing (e.g., Dec 2025 private placement at $0.10/unit), this round is down‑priced, indicating deteriorating financing conditions.
• Overall impact is negative for shareholders: modest cash infusion offset by dilution and a low price that may set a new floor for the stock.

Mineral Road Discovery Inc. is a junior explorer focused on critical minerals: vanadium (Allaru, Queensland), magnesite/magnesium (Leigh Creek, SA), copper‑gold (Wheeler, Quebec), tungsten (Bergslagen, Sweden). The company holds 100% interests in several projects and ~36% of Golcap Resources Corp., a gold/vanadium explorer.