Adamera Closes First Tranche of Flow-Through Private Placement for $312,500

Adamera Minerals Corp. (ADZ) closed the first tranche of its previously announced flow-through private placement on June 29, 2026, raising $312,500. The company issued 2,083,333 Flow-Through Units at $0.15 per unit, with proceeds designated for qualifying Canadian exploration expenditures on the South Hedley Project in British Columbia.

Each unit consists of one common share and one-half common share purchase warrant. Warrants are exercisable at $0.40 for two years, with an accelerated expiry clause if the TSX-V closing price sustains $0.40 for 10 consecutive trading days. A director and an officer participated in the tranche, acquiring 133,333 units. The transaction relied on MI 61-101 exemptions as the related party portion did not exceed 25% of market capitalization.

The company confirmed expectations to close additional tranches of the broader financing later. All securities carry a four-month hold period expiring October 30, 2026.

Adamera Minerals Corp. (ADZ) closed its initial $312,500 tranche of a $9 million flow-through financing on June 29, 2026, following the announcement of the broader deal on June 15, 2026. The company stated that the proceeds are strictly earmarked for exploration on its South Hedley gold-copper-zinc prospects, aligning with prior management guidance and the 30% Critical Mineral Exploration Tax Credit framework.

The transaction is dilutive, adding approximately 2.08 million shares to the capitalization at a price of $0.15 per share. This price point is elevated relative to the company's recent trading range of $0.09–$0.10. No new strategic investors or institutional anchors were disclosed, with participation limited to insiders and likely retail flow-through investors.

The closing confirms management's ability to access capital markets despite the company's sub-$100,000 cash position. However, the small tranche size relative to the $9 million target highlights ongoing funding gaps and execution risk.

Adamera Minerals Corp. (ADZ) is a junior exploration company focused on critical minerals and precious metals across British Columbia and Washington State. The company operates a dual-track portfolio that includes the South Hedley Project in BC, which targets gold, copper, and zinc, and the Washington Tungsten Hub in the U.S., comprising the Talisman, Tungsten Ridge, Pierre Creek, and Buckhorn 2.0 properties.

The Talisman property serves as the flagship tungsten asset, featuring historic underground production with grades up to 1.0% WO3, 5% Cu, and 103 g/t Ag. Modern 3D magnetic modeling has identified three new drill targets extending over 200 meters below historic workings.

The South Hedley Project spans over 18,700 hectares in the Hedley gold camp, with the Max and Glix prospects showing soil gold anomalies up to 4.3 g/t and copper-gold porphyry potential. Management is positioning the company to capitalize on U.S. defense supply chain requirements for tungsten and the broader critical minerals tax credit environment.