Resouro Completes First Tranche of Upsized Private Placement Raising up to $2.5 Million
Resouro Strategic upsizes a $2.5 million placement to fund environmental work and working capital at its Tiros project.
Resouro Strategic Metals Inc. (RSM) has completed the first closing of an upsized non-brokered private placement. The company issued 7,440,000 common shares at $0.25 per share, generating gross proceeds of $1,860,000. The total offering size was increased from 8,000,000 to 10,000,000 shares, raising aggregate gross proceeds to $2,500,000. The remaining 1,560,000 shares are scheduled to be issued shortly, subject to TSX-V approval.
The proceeds from the transaction are allocated to advancing the environmental program for the Tiros Project, which paves the way for a Preliminary Feasibility Study, as well as for general working capital. The transaction is non-brokered with a nominal $4,500 finders' fee. The securities carry a 4-month+1-day hold period, and no related parties participated in the offering.
Resouro Strategic Metals Inc. (RSM) has announced a financing round that serves as a routine follow-up to the June 2026 Preliminary Economic Assessment (PEA) and the initial placement in October 2025. The company has upsized the offering to $2.5 million, a move that reflects continued investor interest at the $0.25 price point, which sits slightly above the recent trading range of $0.29 to $0.31.
The capital raised will directly fund the environmental permitting phase, a critical step toward advancing the project to a Pre-Feasibility Study (PFS) and eventual bankable financing. While the injection provides near-term liquidity and mitigates going concern risk, the $2.5 million represents a small fraction of the $191.2 million upfront capital required for the starter operation. The news aligns with the company's stated development roadmap and does not represent a fundamental shift in project economics or a change in control.
Resouro Strategic Metals Inc. is a mineral exploration and development company focused on the Tiros Titanium and Rare Earth Elements Project in Minas Gerais, Brazil. The flagship Tiros project hosts a 1.4 billion tonne Measured and Indicated resource grading 12% TiO2 and 4,000 ppm TREO.
A preliminary economic assessment (PEA) outlines a capital-efficient, staged development strategy beginning with a 500,000 tonnes per annum high-grade starter operation that targets less than 1% of the resource. The project economics indicate an after-tax net present value (NPV) of US$714.9 million, an internal rate of return (IRR) of 44.2%, and a payback period of 1.9 years.
The company also holds the Novo Mundo Gold Project in Brazil, for which it recently signed a mining and processing agreement to generate non-dilutive cash flow.