Cascadia Announces Closing of C$4.1M Private Placement

Executive Summary

• Cascadia Minerals closed a non‑brokered private placement raising C$4.106 M, consisting of NFT and flow‑through units.
• Proceeds fully fund the 2026 exploration program at the Carmacks copper‑gold property and provide general working capital.
• The financing includes warrants exercisable until December 22 2028 and a hold period of four months plus one day on all securities issued.

Key Details

• Offering Size: Up to C$4,106,667.
• Units Sold:
• 6,666,667 non‑flow‑through (NFT) units at $0.15 per unit → gross proceeds of $1,000,000.05.
• 13,333,333 critical minerals flow‑through (CFT) units at $0.233 per unit → gross proceeds of $3,106,666.59.
• Warrant Structure: Each NFT unit includes one common share and half a common‑share purchase warrant; each whole warrant exercisable for one additional share at $0.20 until 22 Dec 2028. CFT units include one flow‑through share plus half a warrant.
• Use of Proceeds:
• CFT proceeds earmarked for Canadian exploration expenses (flow‑through critical mineral mining expenditures) on the Carmacks property and potentially Catch, Macks, Milner, Idaho Creek properties.
• NFT proceeds allocated to general working capital.
• Funding Timeline: Qualifying expenditures must be incurred by 31 Dec 2026 and renounced to subscribers no later than 31 Dec 2025.
• Finder Compensation: Cash finder fees of $12,000 plus issuance of 80,000 Finder Warrants to Castlewood Capital Corp. and Ventum Financial Corp.
• Hold Period: All securities subject to a four‑month‑plus‑one‑day hold period in Canada from the closing date.
• Strategic Investor Participation: Lead investor Michael Gentile (largest shareholder) participated, now holding ~13.1% on a partially diluted basis.

Notable Quotes

“With this financing closed, Cascadia is in a strong financial position for 2026. Our planned 15,000 m resource expansion and exploration drill program at our road‑accessible Carmacks copper‑gold property in central Yukon is fully funded.” – Graham Downs, President & CEO

Materiality Assessment: Material – Positive (the financing materially enhances the company’s liquidity and enables execution of its 2026 exploration plan).