North Atlantic Titanium Announces Upsize of Private Placment Financing

Executive Summary

• North Atlantic Titanium announced an upsized non‑brokered offering for up to $1,250,000 in gross proceeds.
• The offering consists of up to $750,000 in regular units at $0.06 per unit and up to $500,000 in flow‑through (FT) units at $0.08 per FT unit.
• Proceeds will fund the initial option payment for the Everett titanium property, working capital, surface exploration, metallurgical testing, and future diamond drilling at the Everett Property.

Key Details

• Units: Up to $750,000 of Units at $0.06 each; each Unit = 1 common share + 1 common‑share purchase warrant.
• FT Units: Up to $500,000 of FT Units at $0.08 each; each FT Unit = 1 flow‑through qualified common share + 1 warrant (same as announced Dec 23, 2025).
• Warrant Terms: Each warrant allows purchase of one common share at an exercise price of $0.10 for up to 24 months after the closing of the offering.
• Use of Proceeds – Units: Funding the initial option payment for the Everett titanium property in Quebec, plus working capital and general corporate purposes.
• Use of Proceeds – FT Units: Surface exploration, metallurgical testing, verification of historic work at the Everett Property; diamond drilling planned pending permitting.
• Flow‑Through Tax Treatment: All gross proceeds from FT Units will be used for Canadian Exploration Expenses (CEE) qualifying as flow‑through critical mineral mining expenditures, to be incurred by 31 Dec 2026 and renounced by 31 Dec 2025. The company will indemnify subscribers if CRA reduces the qualifying amount.
• Closing: Final tranche expected to close on 16 Jan 2026 (or later), subject to regulatory approvals including CSE consent.
• Regulatory Disclaimer: Offering not registered in the United States; U.S. persons may not participate absent exemption.

Notable Quotes

• “The strong investor demand underscores confidence in our Everett titanium project and provides the capital needed to advance exploration and development.” – Dwayne Yaretz, CEO, North Atlantic Titanium Corp.