Fairchild Gold Announces Upsizing of Its Private Placement

Fairchild Gold Corp. announced the upsizing of its previously announced non-brokered private placement on July 29, 2026. Total aggregate gross proceeds are increased to up to $2,200,000, adding $400,000 to the prior $1.8M target. The additional capital will be raised via 6,666,666 units at $0.06 per unit. Each unit includes one common share and one common share purchase warrant exercisable at $0.10 per share for 60 months. Securities carry a statutory hold period of four months and one day. Net proceeds are designated to complete the acquisition of the Golden Arrow Project and fund general working capital. Closing is contingent on TSX Venture Exchange approval and customary regulatory conditions. Insider participation is expected, with exemptions from formal valuation and minority shareholder approval under MI 61-101.

Fairchild Gold Corp. (FAIR) is upsizing its financing, a direct follow-up to the July 14, 2026 announcement that outlined a $1.8M financing led by strategic investor Sprinter LLC. The move provides critical liquidity to close the Golden Arrow acquisition, which has been in progress since the September 2025 MOU and received shareholder approval in June 2026.

The financing is issued at $0.06 against a recent market price of $0.05 and adds significant warrant overhang. While positive for operational continuity, the deal is highly dilutive. The market likely anticipated this capital raise given the company's explicit going concern warning and cash position of $13,720 reported in Q2 2026.

Fairchild Gold Corp. is a pre-revenue exploration company focused on a portfolio of Nevada-based assets. Its flagship Nevada Titan Project, located in the Goodsprings Mining District, is in the early stages of exploration targeting porphyry Cu-Au and skarn systems. Recent surface sampling reported exceptional grades up to 34% Cu, alongside gold, silver, and molybdenum anomalies. A drone magnetic survey identified eight targets, including a prominent "Pipe Target" linked to skarn mineralization.

The company also holds the Golden Arrow Project in Nye County, an advanced-stage gold-silver asset acquired from Emergent Metals. Historical NI 43-101 resource estimates indicate approximately 296,500 oz Au and 4.3M oz Ag in Measured & Indicated categories. The project benefits from existing BLM permitting for approximately 240,000 ft of drilling.

Additionally, Fairchild Gold acquired the Carlin Queen Project via a binding agreement in October 2025. This advanced-stage gold-silver property is located near world-class mines including Goldstrike, Hollister, and Midas, and features drill-ready targets and existing geophysical data.