EDM Strengthens Treasury with $1.5 Million of Warrant Exercises by Directors, Insiders and Major Shareholders

Executive Summary

• EDM Resources Inc. announced that directors, insiders, and major shareholders exercised common share purchase warrants, generating approximately $1.5 million in gross proceeds to fund Scotia Mine development, exploration, and working capital.
• Following the exercises, approximately 22.6 million warrants remain outstanding at a $0.14 exercise price, representing up to $3.2 million in potential additional capital if fully exercised.
• The capital injection supports ongoing permitting, an updated Pre-Feasibility Study, and gold exploration activities, reflecting strong insider confidence in the company's strategy.

Key Details

• Gross Proceeds: Approximately $1.5 million generated from warrant exercises
• Exercise Price: $0.14 per common share
• Remaining Warrants Outstanding: Approximately 22.6 million warrants
• Potential Future Proceeds: Approximately $3.2 million if all remaining warrants are exercised
• Warrant Origin: Issued under non-brokered private placement financings that closed on October 29, 2024, November 28, 2024, and November 12, 2025
• Use of Proceeds: Advancing Scotia Mine permitting and development, funding an updated Pre-Feasibility Study, supporting gold exploration activities, and general working capital
• Recent Corporate Milestones: Commencement of trading on the OTCQB® Venture Market, advancement of the Fisheries Act Authorization review process, and commencement of gold exploration
• Strategic Approach: Company emphasizes a disciplined, minimally dilutive approach to project advancement and treasury strengthening

Notable Quotes

• Mark Haywood, President & CEO: "We are extremely pleased with the strong support demonstrated by our directors, officers, insiders and major shareholders through the exercise of approximately $1.5 million of warrants. The additional capital significantly strengthens EDM's treasury, increases financial flexibility, and supports continued advancement of key permitting, exploration and development initiatives while maintaining a disciplined approach to future dilution. We believe this level of insider participation reflects continued confidence in the Company's strategy and the long-term value potential of the Scotia Mine."