Pacific Empire Announces Closing of Non-Brokered Private Placement of Units

Pacific Empire Minerals Corp. (PEMC) has closed a non-brokered private placement of 35,207,775 units, raising gross proceeds of approximately $1.58 million CAD. The units were priced at $0.045 CAD each and consist of one common share and one warrant per unit. The warrants carry an exercise price of $0.07 CAD and are set to expire on July 31, 2029.

The company stated that the proceeds will be allocated toward the 2026 diamond drilling program, geophysics activities, and working capital requirements at its Trident and Pinnacle projects. A company officer subscribed for 444,444 units, representing approximately $20,000 CAD, under exemptions provided by National Instrument 61-101. Additionally, the company paid finders' fees of approximately $23,500 CAD and issued 521,500 warrants to three financial advisors for their services.

The securities issued in the placement are subject to a statutory and TSX-V hold period until December 1, 2026.

Pacific Empire Minerals Corp. (PEMC) completed a private placement that serves as a routine follow-up to its July 15 upsizing announcement, confirming capital availability for its planned 2026 exploration program. The shares were issued at $0.045, a price below the recent trading range of $0.05 to $0.06, a slight discount intended to secure the capital quickly. While this pricing creates near-term selling pressure, it ensures the drill program proceeds.

The dilution is moderate relative to the approximately 209.9 million share count, though the recurring nature of financings continues to weigh on shareholder equity value. There is no change to the geological thesis or project status, as this transaction is purely a liquidity event to fund operations.

Pacific Empire Minerals Corp. (TSX-V: PEMC) is a Vancouver-based exploration company focused on gold-enriched copper porphyry systems in north-central British Columbia. Its flagship assets are the Trident and Pinnacle properties, totaling approximately 22,700 hectares, comprising 6,765 hectares at Trident and 15,929 hectares at Pinnacle. The company holds 100% ownership of these assets, subject to a 2% net smelter return royalty, which is 50% redeemable for $500,000.

The geological setting is defined by an alkalic porphyry system influenced by Jurassic sinistral transpression and the Hogem Plutonic Suite. In 2025, drilling intersected 240m @ 0.93% CuEq in Hole DD25-TRI-001, confirming potassic-altered, magnetite-bearing porphyry and expanding the A Zone. The company operates as a prospect generator, seeking strategic partners or joint ventures to advance its projects.