Radisson receives $1.52-million from warrant exercises

Executive Summary

• Radisson Mining Resources Inc. received gross proceeds of $1,523,820.84 from the exercise and early exercise of Class A share purchase warrants.
• The company’s treasury stands at approximately $36 million, fully funding its ongoing 140,000-metre stepout drill program at the O'Brien gold project.
• Significant warrant activity occurred from private placements completed in November 2023 and October 2024, while recent financings in May and October 2025 did not include warrant components.

Key Details

• Warrant Exercise (Nov 2023 Placement): Received gross proceeds of $1,481,694.12 from the exercise of 5,487,756 Class A share purchase warrants at an exercise price of $0.27 per warrant. These warrants expired on November 17, 2025.
• Early Exercise (Oct 2024 Placement): Received gross proceeds of $42,126.72 from the early exercise of 113,856 Class A share purchase warrants at an exercise price of $0.37 per warrant.
• Remaining Outstanding Warrants: As of the release date, 5,430,431 warrants remain outstanding at an exercise price of $0.37, with expiry dates ranging from October 22, 2026, to October 29, 2026.
• Potential Future Proceeds: If all remaining outstanding warrants are fully exercised, they represent potential gross proceeds of $2,009,259.47.
• Recent Private Placements: No warrants were issued in connection with the $12 million private placement completed in May 2025 or the $25 million private placement completed in October 2025.
• Financial Position: The company reported a treasury balance of approximately $36 million at the end of October, which fully funds the ongoing 140,000-metre stepout drill program at the O'Brien gold project.
• Project Resources (O'Brien Gold Project):
  • Indicated Mineral Resources: 580,000 ounces (2.20 million tonnes at 8.2 g/t Au).
  • Inferred Mineral Resources: 930,000 ounces (6.67 million tonnes at 4.4 g/t Au).
  • Preliminary Economic Assessment (July 2025) indicates an 11-year mine life with significant upside potential based on existing regional infrastructure.

Notable Quotes

• "The exercise of these warrants, held by long-standing and supportive shareholders, further strengthens Radisson's financial position and supports the company's ongoing growth initiatives. At the end of October, our treasury stood at approximately $36-million, fully funding our ongoing 140,000-metre stepout drill program at the O'Brien gold project." — Matt Manson, President and CEO