Stakeholder closes two financing tranches for $2.29M

Executive Summary

• Stakeholder Gold Corp. has closed two tranches of a non-brokered flow-through private placement, raising aggregate gross proceeds of $2.29 million.
• The financing is designated for eligible Canadian exploration expenditures, specifically to fund the 2026 exploration program on the Ballarat gold-copper project in the Yukon Territory.
• The company intends to renounce the qualifying exploration expenditures to subscribers effective December 31, 2026, and plans to begin drilling on Skye, East, and Loki zone targets following the spring snow melt.

Key Details

• Aggregate Gross Proceeds: $2.29 million.
• Tranche 1: 1,000,000 units at $1.10 per unit.
• Tranche 2: 1,000,000 units at $1.19 per unit.
• Security Structure: Each unit consists of one common share (issued on a flow-through basis) and one-half of one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $1.20 per share.
  • Term: Two years from the date of issuance.
  • Early Exercise Provision: Triggered if the 10-day average price of common shares on the TSX Venture Exchange exceeds $1.50 per share; unexercised warrants become null and void 30 days after the trigger date.
• Hold Period: All securities are subject to a hold period of four months and one day from the date of closing.
• Use of Proceeds: Financing eligible Canadian exploration expenditures, including those qualifying as critical mineral and non-critical mineral exploration expenses under the Income Tax Act (Canada).
• Renunciation Date: The company intends to renounce qualifying expenditures to subscribers effective December 31, 2026.
• Regulatory Status: The private placement remains subject to final approval of the TSX Venture Exchange.
• Operational Update: CEO Christopher Berlet stated the company is fully funded for 2026 exploration on Ballarat, with plans to drill Skye (gold), East (gold), and Loki (copper) targets as soon as possible after the spring snow melt.

Notable Quotes

• "Stakeholder is now fully funded for 2026 exploration on Ballarat," stated Christopher Berlet, chief executive officer of Stakeholder.
• "Our objective is to be drilling the Skye and East (gold) and Loki (copper) zone targets as soon as possible after the spring snow melt. Shareholders can expect news describing exploration target highlights before drilling begins. After significant preparation, we are set to launch an exciting exploration season on the company's Ballarat gold-copper project, located in the geographical centre of the White Gold district of the Yukon Territory, Canada."