Meridian Mining increases bought deal to $50-million

Executive Summary

• Meridian Mining PLC upsized its bought‑deal financing to a gross $50,000,680 by selling 31.66 M common shares at $1.58 per share.
• An overallotment option for up to an additional 4.75 M shares could raise total gross proceeds to $57,500,782 if fully exercised.
• Net proceeds will fund the definitive feasibility study for the Cabacal Au‑Cu project, advance Santa Helena toward an initial resource, expand regional exploration on the Cabacal VMS belt, and cover general corporate working capital.

Key Details

• Offering Size: 31,646,000 common shares at $1.58 per share → Gross proceeds: $50,000,680.
• Overallotment Option: Up to 4,746,900 additional shares (15 % of the base offering) at the same price; if exercised in full, adds $7,500,102 gross proceeds for a total of $57,500,782.
• Underwriters / Bookrunners: Stifel Canada and BMO Capital Markets (joint bookrunners) on behalf of a syndicate.
• Offering Structure: Bought‑deal basis; prospectus supplement filed in Ontario, British Columbia, Alberta, the United States, and other jurisdictions where no prospectus filing is required.
• Closing Date: Expected on or about Feb 12 2026 (subject to customary closing conditions).
• Use of Proceeds:
• Advance definitive feasibility study for Cabacal Au‑Cu project.
• Continue advancement of Santa Helena toward an initial resource estimate.
• Expand regional exploration programs across the broader Cabacal VMS belt.
• General corporate, administrative costs and working capital.
• Regulatory Access: Prospectus supplement and base shelf prospectus (dated Jan 5 2026) available on SEDAR+; copies obtainable free of charge via email to [email protected].

Notable Quotes

(No direct quotes were provided in the release.)