Northwire Canada EditionTuesday, July 28, 2026
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BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.60 −3.5% GEN 0.070 +0.0% MAI 4.35 −2.9% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.287 −4.2% HMR 0.530 −1.9% NRC 0.900 −10.0% SIG 0.925 +0.5% LMR 0.125 +66.7% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.60 −3.5% GEN 0.070 +0.0% MAI 4.35 −2.9% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.287 −4.2% HMR 0.530 −1.9% NRC 0.900 −10.0% SIG 0.925 +0.5% LMR 0.125 +66.7%
Financings

Eastport Provides Year End Shareholder Update

By The Northwire Desk — AI Analysis Dec 22, 2025 · 08:31 EVI · 0.65 Eastport Critical Metals Corp.
EVI · Price

Executive Summary

  • Completed a Qualifying Transaction with Penbar Capital Ltd., resulting in an oversubscribed financing and admission to the TSX‑V.
  • Initiated Phase 1 drilling programs at three key projects in Botswana: Matsitama Copper, Semarule REE, and Foley Uranium.
  • Outlined strategic priorities for 2026, including “Develop and Distribute” model, international secondary listings, and focus on a flagship anchor asset.

Key Details

  • Qualifying Transaction: Successfully closed with Penbar Capital Ltd.; financing was oversubscribed (specific amount not disclosed).
  • TSX‑V Admission: Concurrent admission to the Toronto Stock Exchange Venture platform following the transaction.
  • Phase 1 Drilling – Matsitama Copper Project: Commenced drilling at the Qualifying Property in Botswana.
  • Phase 1 Drilling – Semarule REE Project: Started initial drill program targeting rare earth element mineralization.
  • Phase 1 Drilling – Foley Uranium Project: Began first‑stage drilling on the uranium prospect adjacent to the Letlhakane deposit.
  • Strategic 2026 Priorities:
  • “Develop and Distribute” approach to retain economic interest while reducing balance‑sheet exposure.
  • Pursuing secondary listings to broaden shareholder access across international markets.
  • Concentrating resources on a core anchor asset while maintaining optionality across the portfolio of five projects.
  • Capital Needs: Emphasized that advancing projects will require substantial capital, contingent on favorable market conditions and investor sentiment.

Notable Quotes

“Since our listing on 20 November 2025, Eastport has announced, commenced, and concurrently advanced three drill programs across our copper, rare earth, and uranium interests in Botswana… We are a proactive explorer and developer with a clear priority: to advance a core anchor asset in parallel with our Develop and Distribute strategy.” – Burns Singh Tennent‑Bhohi, Founder & CEO

All boilerplate, forward‑looking disclaimer text, and company background have been omitted for brevity.

Read the original news release →

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