Canadian Chrome adds warrants to FT private placement

Executive Summary

• Canadian Chrome Company Inc. announced the final terms for two proposed non-brokered private placement offerings: a flow-through offering and a non-flow-through offering.
• The flow-through portion involves up to 12.5 million shares at $2.00 per share, including warrants, with gross proceeds up to $25 million.
• Proceeds are designated for a major drilling program at the Black Horse project starting in early 2026, leveraging new federal tax credits for chromium exploration.

Key Details

• Flow-Through Private Placement:
  • Structure: Up to 12.5 million multiple voting shares issued as flow-through shares.
  • Price: $2.00 per share.
  • Gross Proceeds: Up to $25 million.
  • Warrant Terms: For every 10 flow-through shares subscribed, investors receive 5 flow-through share purchase warrants. Each warrant allows the purchase of one additional flow-through share at $2.50 per share, exercisable within one year.
  • Tax Incentives: Qualifies for a 30% federal mineral exploration tax credit on chromium exploration expenses incurred prior to March 31, 2027 (per the Nov 4, 2025 federal budget). Individual investors may also qualify for an additional 5% Ontario refundable tax credit.
• Non-Flow-Through Private Placement:
  • Structure: Up to 6 million units.
  • Price: $1.50 per unit.
  • Unit Composition: Each unit consists of one multiple voting share and one multiple voting share purchase warrant.
  • Warrant Terms: Each warrant allows the purchase of one further multiple voting share at $1.75 per share, exercisable within two years.
• Finders' Fees: 5% in units will be paid to qualified intermediaries for subscriptions by accredited investors in both the flow-through and non-flow-through offerings.
• Use of Proceeds: Funds are proposed to be used for a large drilling program at the Black Horse project starting in early 2026.
  • Objective: To confirm the belief that deep-penetrating magnetotelluric geophysical survey targets are the fault offset twin of the Black Thor discovery.
  • Location: Muketi Village, under exploration permit PR-23-000242.
  • Consent: Unanimous consent/support from all nine first nations in the area.

Notable Quotes

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