Taranis Resources arranges $220,000 private placement

Taranis Resources Inc. announced a non-brokered private placement of up to $220,000, consisting of up to 1.1 million flow-through units priced at $0.20 per unit. Each unit contains one flow-through common share and one share purchase warrant, which are exercisable at $0.20 per share for 24 months from closing. The company intends to use the proceeds to drill the Borr zone, located 1.3 km southeast of the main Thor deposit.

Insiders are expected to subscribe for a major portion of the offering. The transaction is treated as a related party transaction under MI 61-101, relying on exemptions from formal valuation and minority shareholder approval. Regulatory acceptance from the TSX Venture Exchange is pending. Post-transaction, the share count will be 104,452,053 issued and outstanding, or 114,613,958 on a fully diluted basis.

Taranis Resources Inc. (TRO) priced its latest financing at $0.20 per share, representing approximately a 43% premium to the recent market trading range of $0.11–$0.14. The company raised $220,000 in this incremental capital raise, which follows a $237,240 placement in March 2026 and a $252,000 placement earlier that month. This activity continues a pattern of frequent, small capital raises to fund exploration.

The transaction involved the issuance of 1.1 million new shares, resulting in approximately 1.06% dilution to the current share base. The deal also includes accompanying warrants that add further potential dilution if exercised. Insider participation in the financing aligns management interests with shareholders.

Taranis Resources Inc. remains in the exploration phase with no revenue, negative working capital, and a history of regulatory delays in British Columbia. Capital raises of this size are expected for a junior explorer advancing a district-scale program.

Taranis Resources Inc. (TRO) is focused on the Thor project, located in the historic Silver Cup mining district of southeastern British Columbia. The flagship Thor deposit is a polymetallic epithermal system hosting silver, gold, lead, zinc, and critical minerals. The company has expanded its land position to over 6,400 hectares, integrating historic mines and new geophysical targets.

Key exploration targets include the Borr zone, located east of Thor; Nortran to the west; and One O'Clock, a deep intrusive-related target. Geological modeling suggests the Thor deposit is a fragmented block of a larger system, with the Borr zone potentially representing an area five times the size of the current resource. The company is advancing a district-scale exploration model, utilizing modern geophysics, LIDAR, and geochemical sampling to identify concealed mineralization beneath rockslides and historic workings.