Adamera to Raise Over $700,000 for Exploration including Drilling on Gold Project in Washington State

Executive Summary

• Adamera Minerals announces a non‑brokered private placement to raise up to $724,000 in gross proceeds.
• The financing consists of 5.6 M Units at $0.09 each and 2.0 M Flow‑Through Units at $0.11 each, each unit including common shares and warrants.
• Proceeds will fund near‑term exploration drilling on the Flag Hill South gold‑silver property in Washington State and systematic exploration on the South Hedley gold‑copper project in British Columbia.

Key Details

• Units Component: Up to 5,600,000 Units @ $0.09 per Unit → $504,000 gross proceeds.
• Each Unit = 1 common share + 1 common share purchase warrant.
• Warrants exercisable at $0.15 for two years; accelerated expiry if TSX‑V price ≥ $0.20 for 10 consecutive trading days (expires 30 days after such period).
• Flow‑Through Units Component: Up to 2,000,000 FT Units @ $0.11 per Unit → $220,000 gross proceeds.
• Each FT Unit = 1 common share + ½ warrant; full warrant exercisable at $0.15 for two years (to purchase a non‑flow‑through share).
• Same accelerated expiry provision as Units component.
• Use of Proceeds:
• Working capital and drilling on Flag Hill South (Washington, USA).
• Qualifying Canadian exploration expenditures on newly identified gold, copper, and zinc prospects at South Hedley (BC), eligible for the 30 % Critical Mineral Exploration Tax Credit.
• Statutory Hold Period: All securities subject to a four‑month‑plus‑one‑day hold period from issuance.
• Exchange Approval: Placement remains subject to TSX Venture Exchange approval.
• Finder’s Fees: May be paid in accordance with exchange policies.

Notable Quotes

“This financing provides Adamera with the ability to advance drilling on our high‑grade gold targets in Washington State, while continuing systematic exploration on our South Hedley gold‑copper prospects in B.C.,” – Mark Kolebaba, President & CEO.