Decade Resources Closes Private Placement for Total Gross Proceeds of $1,170,000

The news release from November 24, 2025, states that Decade Resources Ltd. has closed a private placement for total gross proceeds of $1,170,000. This financing consists of: - 24,250,000 Flow-Through (FT) Units at $0.04 per unit, raising $970,000. Each FT unit includes one flow-through common share and one non-flow-through warrant. These warrants are exercisable at $0.06 for a period of 24 months. - 5,000,000 Non-Flow-Through (NFT) Units at $0.04 per unit, raising $200,000. Each NFT unit includes one non-flow-through common share and one non-flow-through warrant. These warrants are exercisable at $0.06 for a period of 36 months. The flow-through proceeds are earmarked for Canadian exploration expenses and critical mineral mining expenditures on the company's British Columbia properties. The non-flow-through proceeds are designated for general working capital. Finders' fees totaling $86,800 in cash and 2,170,000 finders' warrants (exercisable at $0.06 for 24 months) were paid. All securities issued are subject to a four-month hold period expiring March 22, 2026.

This private placement closing is a necessary event for Decade Resources, an exploration company with limited working capital. While it provides $1.17 million in gross proceeds, it is important to note that the company had previously announced a target of up to $1.5 million for this placement (November 4, 2025 news). The partial closing indicates either a lower demand than anticipated or a strategic decision to close a portion of the financing.

The funds secured are crucial for the company to continue its exploration activities, particularly on its BC properties, and to address its negative working capital position. The flow-through component ensures that funds are spent on exploration, which is essential for advancing its projects like North Mitchell, Nobody Knows, and Bonaparte.

However, the financing introduces substantial dilution. A total of 29,250,000 new common shares are being issued at a price of $0.04, which is at the current trading level. Additionally, 29,250,000 new investor warrants and 2,170,000 finders' warrants are being issued, most of which have an exercise price of $0.06, close to the recent 52-week high. This ongoing reliance on dilutive financings at low prices remains a significant concern for existing shareholders and can cap upside potential. The change in the NFT warrant exercise price from $0.05 (announced) to $0.06 (closed) is a minor positive adjustment for the company, making these specific warrants slightly less dilutive.

In summary, this closing ensures short-term liquidity and continuity of operations, which is positive. However, it is a routine financing that continues the pattern of dilution and does not represent a material positive change without significant, validated exploration success.

Decade Resources Ltd. (DEC) is a Canadian mineral exploration company primarily focused on gold, silver, copper, and antimony projects in British Columbia, particularly within the prospective Golden Triangle and Copper River regions. The company's President and Qualified Person, Ed Kruchkowski, P.Geo., is actively involved in the exploration programs.

Key projects include: - Nobody Knows Claim (Copper River Project): A 100% owned property (>24,000 hectares) near Terrace, B.C., hosting two distinct mineralized styles. The "Nobody Knows No. 2" area shows red-bed type copper-silver mineralization (bornite, chalcocite, malachite) with significant drill intercepts (e.g., 2.07 m of 3.18% Cu and 43.48 g/t Ag in NK-24-13). Separately, high-grade gold-silver-base metal sulphide boulders, potentially indicating a new VMS zone, were discovered 3 km southwest. Samples from these boulders yielded exceptional grades, including 79.12 g/t Au, 690 g/t Ag, 2.192% Cu, 3.27% Pb, and 14.22% Zn. - North Mitchell Property: Located in the Golden Triangle, 70 km north of Stewart, B.C. Decade can earn an 80% interest in this 963.45-hectare property. It is strategically situated near world-class deposits like KSM, Treaty Creek, and Brucejack, and is considered prospective for porphyry copper-gold and epithermal gold mineralization. Initial reconnaissance and grab sampling have returned high gold (up to 45.0 g/t Au) and silver (up to 60.4 g/t Ag). A maiden drill program is anticipated for 2026, subject to permitting. - Bonaparte Copper-Gold Property: Acquired an 80% interest via an option agreement in the Kamloops Mining Division. This property lies on a proven porphyry trend and has shown high gold (e.g., 175.7 g/t, 1662.2 g/t) and copper values from grab samples. A maiden drill program is planned, pending permits. - SB Antimony Project: The company staked 1,742 hectares of antimony claims in the Golden Triangle due to renewed interest in antimony as a critical mineral. Historical sampling revealed high antimony and arsenic with silver values (12.1 to 65 g/t Ag). The company also had interests in the Grassy and Premier East projects. A deal to sell Red Cliff and Premier East interests to Mabel Ventures Inc. was terminated due to permitting issues.