Resouro Completes Final Tranche of Private Placement

Resouro Strategic Metals Inc. completed the final tranche of a non-brokered private placement on August 11, 2026. The company issued 2,560,000 common shares at $0.25 per share, generating $640,000 in gross proceeds. The total placement comprises 10,000,000 shares across two tranches, raising $2,500,000 gross.

Net proceeds are allocated to general working capital and advancing the environmental program for the Tiros Titanium and Rare Earth Elements Project, a prerequisite for the Preliminary Feasibility Study (PFS). A cash finder's fee of $4,500 was paid. Securities carry a statutory 4-month-plus-1-day hold period. The offering remains subject to final TSX Venture Exchange and regulatory approvals.

Resouro Strategic Metals Inc. (RSM) completed a financing round that serves as a direct follow-up to its August 6, 2026 announcement and the initial tranche issued in October 2025. The offering was fully expected and incremental, priced at $0.25 per share. This issue price represents a modest discount to the company’s recent trading range of $0.27 to $0.33, a pricing structure standard for private placements that introduces near-term dilution.

The capital injection is expected to extend the company's cash runway by approximately 12 to 18 months. These funds will directly finance the environmental studies required to advance the Tiros project toward a Preliminary Feasibility Study (PFS). The closing did not involve new strategic investors or game-changing operational milestones. The transaction secures operational continuity without altering the fundamental pre-revenue, pre-production status of the company.

Resouro Strategic Metals Inc. (RSM) is a mineral exploration and development company focused on the Tiros Titanium and Rare Earth Elements Project in Minas Gerais, Brazil. The Tiros project hosts a globally significant 1.4 billion tonne Measured and Indicated resource at 12% TiO2 and 4,000 ppm TREO. A high-grade domain of 103 million tonnes (23% TiO2, 9,100 ppm TREO) underpins a proposed 500,000 tpa starter operation.

The Preliminary Economic Assessment (PEA) outlines a 20-year mine life with an after-tax NPV of US$714.9 million, an after-tax IRR of 44.2%, and a payback period of 1.9 years. The project targets a dual-revenue model producing coarse/fine TiO2 anatase concentrate and Mixed Rare Earth Carbonate (MREC). The company also holds the 100%-owned Novo Mundo Gold Project in Mato Grosso, Brazil, for which a non-dilutive mining and processing agreement has been executed.