Americore Announces Update to LIFE Offering

Americore Resources Corp. announced an update to its previously disclosed Listed Issuer Financing (LIFE) offering, expanding eligibility to include investors in the Province of Québec pending the filing of French Form 45-106F19. The best-efforts private placement continues at $0.37 per unit, with a minimum raise of $1,000,000 and a maximum of approximately $3,000,000. Each unit comprises one common share and one common share purchase warrant. Warrant terms remain unchanged: exercisable at $0.50 per share for 36 months, with a 60-day post-closing lock-up. Net proceeds are designated for the advancement of the Trinity Silver Project in Nevada and general working capital. The offering is facilitated by Canaccord Genuity Corp. as lead agent, with standard cash and broker warrant compensation. Expected closing is on or about July 7, 2026, within 45 days of the initial June 15 announcement.

Americore Resources Corp. (AMCO) issued a procedural update on June 29, following its June 15 LIFE announcement, without introducing new strategic developments or operational milestones. The company priced the offering at $0.37, which represents a ~27% discount to the recent market close of $0.29. This pricing reflects weak investor demand and typical micro-cap financing dynamics, a structure that is expected to exert immediate downward pressure on the share price.

The financing addresses the company’s critically low cash position of $299,514 CAD as of December 2025 and negative operating cash flow of -$842,110 CAD. While the capital raise is operationally necessary, it is highly dilutive. The maximum issuance of ~8.1 million units represents a ~41% dilution to the current ~19.5 million share count, significantly eroding existing shareholder equity. There is no material change to the project's technical status or valuation drivers with this update.

Americore Resources Corp. (AMCO) is advancing its Trinity Silver Project, a historically producing silver property located in Pershing County, Nevada. The company holds approximately 22,700 acres secured through direct staking, leasehold concessions, and option agreements with Primus Resources and Nevada Hills Gold LLC. The site saw production during the U.S. Borax era, which mined approximately 5 million ounces of silver between 1987 and 1988.

In 2012, the project hosted an inferred resource estimate of approximately 36 million ounces of silver-equivalent. Americore is currently working to convert this historic data into a current NI 43-101 resource. Recent exploration efforts included the completion of a 350 km drone magnetometer survey, which identified high-grade historic core holes SC-1 through SC-5 with intercepts reaching up to 220.69 g/t Ag. The company is also evaluating metallurgical testing and stockpile monetization strategies.

Management of the project is led by CEO Jeff Poloni, with Chris M. Healey, P.Geo., serving as Chief Geologist and Qualified Person.