JZR Gold Inc. Closes Non-Brokered Private Placement Offering of Units

JZR Gold Inc. has closed its previously announced non-brokered private placement, issuing 4,000,000 units at $0.25 per unit to raise CAD$1,000,000 in gross proceeds. Each unit consists of one common share and one common share purchase warrant, with the warrants exercisable at $0.35 per share for a period of two years from issuance. The securities carry a hold period of four months and one day.

Finder's fees for the transaction included $6,000 in cash and 24,000 non-transferable warrants on identical terms to investor warrants. The proceeds are designated to fund operations of the fully constructed 800 tonne-per-day gravimetric mill at the Vila Nova project and for general working capital.

JZR Gold Inc. (JZR) confirmed that its financing transaction, initially announced on June 23, 2026, has closed as expected. The $1M CAD raise provides essential short-term liquidity to keep the 800 tpd mill operational and cover working capital needs.

The transaction is dilutive, adding 4 million new shares and 4 million warrants to the capital structure. At the current price of $0.23, the placement price of $0.25 represents a slight premium.

JZR Gold Inc. is a junior mining company focused on the Vila Nova Gold Project in Amapá State, Brazil. The company holds a 50% Net Profit Interest (NPI) in the project under a Joint Venture Royalty Agreement with ECO Mining Oil & Gas Drilling and Exploration.

The flagship asset features a fully constructed, 800 tonne-per-day gravimetric mill designed to process historical tailings. The project is fully permitted, with an exploration and exploitation license allowing processing of up to 600,000 tonnes of material annually. First gold concentrate was produced in October 2025, with initial bulk-sampling assays returning grades up to 130 g/t Au. Management is transitioning from a royalty holder to direct operatorship to optimize plant performance and secure concentrate buyers.