Trinity One Metals arranges $3.3-million financing

Executive Summary

• Trinity One Metals Ltd. has announced a non-brokered private placement under the Listed Issuer Financing Exemption (LIFE) to raise up to C$3.3 million.
• The company is offering up to 16.5 million units at a price of C$0.20 per unit, with each unit consisting of one common share and one common share purchase warrant.
• Net proceeds will be utilized for exploration, technical evaluation, project advancement (including verification of recently acquired properties), and general working capital.

Key Details

• Offering Size: Up to 16.5 million units.
• Price: C$0.20 per unit.
• Gross Proceeds: Up to C$3.3 million.
• Structure: Each unit comprises one common share and one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: C$0.30 per warrant share.
  • Duration: 36 months following the closing date.
  • Lock-up: Warrants may not be exercised for 60 days from the closing date.
• Use of Proceeds:
  • Advancing exploration, technical evaluation, and project advancement activities across the mineral asset portfolio.
  • Verification and follow-up work on recently acquired properties.
  • Historical data verification, target generation, and early-stage field programs.
  • General working capital and corporate purposes.
• Regulatory Basis: Listed Issuer Financing Exemption (LIFE) under National Instrument 45-106, Part 5A.
• Target Investors: Residents of all Canadian provinces and territories, excluding Quebec.
• Tradeability: Common shares and warrant shares are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.
• Closing Date: Expected on or about February 27, 2026, or within 45 days from February 10, 2026.
• Conditions: Subject to regulatory approvals, including conditional approval of the TSX Venture Exchange.
• Finders' Fees:
  • Cash fees up to 6.0% of aggregate gross proceeds.
  • Non-transferrable warrants equal to 6.0% of the number of units issued to subscribers introduced by finders.
• Documentation: Offering document available on SEDAR+ and the company website.