Bronco Announces Flow-Thru and Non-Flow Financing for up to $210,000

On December 23, 2025, Bronco Resources announced a non-brokered private placement to raise up to $210,000. The financing is split into two tranches: - $110,000 in Flow-Through (FT) Units at $0.055 per unit. Each unit includes one FT common share and one warrant exercisable at $0.10 for 24 months. - $100,000 in Non-Flow-Through (NFT) Units at $0.05 per unit. Each unit includes one common share and one warrant exercisable at $0.10 for 24 months. The proceeds are earmarked for exploration at the Placer Mountain Gold Project in British Columbia and for general working capital.

This financing is of low materiality and serves primarily as "survival capital." - Insufficient Scale: The $210,000 total raise is significantly lower than what would be required for the "aggressive drilling program" management touted in October 2025. After paying finders' fees and administrative overhead, the remaining funds will likely only cover minimal prospecting or small-scale geophysics rather than a sustained drill campaign. - Dilution at Lows: Issuing units at $0.05 and $0.055, near the 52-week low, is highly dilutive. The addition of full warrants at $0.10 creates a significant "overhang" of cheap paper that will likely cap any potential price appreciation in the near term. - Cash Burn vs. Raise: Based on the April 2025 financials, the company had a working capital deficit. This raise barely covers the existing $152,473 due to related parties, leaving very little for actual "groundwork."

Bronco Resources is a junior explorer focused on gold in British Columbia and Quebec. - Placer Mountain (Flagship): Located near Princeton, BC. The project features the Kodiak Zone and Main Vein. 2025 drilling at Kodiak (KZ-24-10) showed promising high-grade intervals (10.55 g/t Au over 2.85m), but the system remains early-stage. - The "Fire Opportunity": A 2025 forest fire cleared vegetation across the "Quartz Corridor," which management intends to exploit for easier prospecting.