Kintavar arranges $5-million private placement

Executive Summary

• Kintavar Exploration Inc. announced an intention to complete a non-brokered private placement to raise up to $5 million CAD to fund a drill program on its Roger copper-gold project.
• The financing involves charity flow-through units priced at 11.5 cents and flow-through common shares priced at 9 cents, with proceeds designated for eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures.
• The offering is expected to close around December 9, 2025, subject to regulatory approvals, including TSX Venture Exchange approval.

Key Details

• Financing Structure: Non-brokered private placement raising up to $5 million CAD.
• Unit Price: Charity flow-through units priced at 11.5 cents per unit.
• Share Price: Flow-through common shares priced at 9 cents per share.
• Composition: Each charity flow-through unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant is exercisable to acquire one non-flow-through common share at an exercise price of 12 cents per share.
• Warrant Expiry: Warrants expire 24 months from the closing date.
• Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures to advance exploration on the Roger copper-gold project.
• Closing Date: Expected on or about December 9, 2025.
• Regulatory Conditions: Subject to customary closing conditions and regulatory approvals, including TSX Venture Exchange approval.
• Hold Period: Four months and one day following the closing date under applicable Canadian securities laws.
• Finder’s Fees: The company may pay finders' fees to eligible arm's-length finders in accordance with TSX-V policies.
• Project Context (Roger Project):
  • Located ~5 km northwest of Chibougamau, spanning 987 hectares across 28 mineral claims.
  • Recent downhole EM surveys outlined multiple moderate to strong off-hole conductors consistent with a copper-zinc-gold-silver VMS model.
  • Drilling planned for early 2026 to test conductors and confirm sulphide sources.
  • Historical Indicated Resource (2018): 10.9 million tonnes at 0.85 g/t Au, 0.80 g/t Ag, and 0.06% Cu (333,000 oz AuEq).
  • Historical Inferred Resource (2018): 6,569,000 tonnes at 0.75 g/t Au, 1.18 g/t Ag, and 0.11% Cu (202,000 oz AuEq).
  • Geological reinterpretation suggests strong potential for gold-rich base metal sulphides in a VMS-style horizon, with geochemical similarities to Agnico Eagle's LaRonde 20N deposit.
  • A new 43-101 Technical Report dated July 24, 2025, was filed but does not contain a current resource estimate.

Notable Quotes

• None explicitly attributed to a specific executive in the provided text, though the release outlines the strategic intent to "advance a focused program and further evaluate the project's base metal potential."