Giant Mining increases at-the-market offering to $15M

Executive Summary

• Giant Mining Corp. has amended and restated its equity distribution agreement with Haywood Securities Inc., increasing the authorized at-the-market (ATM) offering limit from $5 million to $15 million.
• The company has already sold approximately $4.99 million under the original agreement and retains capacity to issue up to an additional $10.06 million in common shares.
• Net proceeds from the offering will be allocated toward exploration expenses, a property payment for the Majuba Hill project, administrative costs, consulting fees, potential acquisitions, and general working capital.

Key Details

• Agreement & Agent: Amended and restated equity distribution agreement dated March 19, 2026, with Haywood Securities Inc. acting as sole and exclusive placement agent.
• Offering Limit: Increased aggregate gross sales price from $5 million to $15 million.
• Current Sales & Remaining Capacity: $4,994,178 already distributed; up to $10,055,822 of additional common shares may be sold.
• Pricing & Mechanism: Shares will be sold via at-the-market distributions per National Instrument 44-102 at market prices or prices related to prevailing market prices on the Canadian Securities Exchange or other recognized Canadian marketplaces.
• Term: Effective until the earlier of full issuance/sale or June 29, 2027, subject to early termination by the company or agent.
• Prospectus Filing: Qualified by a prospectus supplement dated Sept. 29, 2025, amended/restated March 19, 2026, to the short form base shelf prospectus dated May 29, 2025 (amended March 17, 2026, which increased the base shelf limit from $10 million to $20 million).
• Use of Proceeds: Exploration expenses, property payment for the Majuba Hill project, market awareness and administration expenses, consulting fees, potential acquisitions, legal and accounting fees, and general working capital.