Emerita Resources Announces Concurrent Offering

Executive Summary

• The previously announced brokered offering of up to 23,809,500 units is fully subscribed.
• A concurrent non‑brokered private placement of up to 1,000,000 units at $1.05 per unit has been launched, targeting gross proceeds of $1.05 million.
• Combined maximum gross proceeds from both offerings total $26,049,975 and will be used for exploration and development of Spanish mineral properties and general corporate purposes.

Key Details

• Initial Offering: Up to 23,809,500 units; fully subscribed (brokered).
• Concurrent Private Placement: Up to 1,000,000 units at $1.05 per unit → gross proceeds up to $1,050,000.
• Total Maximum Gross Proceeds: $26,049,975 (Initial + Concurrent offerings).
• Unit Composition: Each unit = 1 common share + ½ of a common‑share purchase warrant.
• Warrant Terms: One whole warrant per two units; each warrants the right to buy one common share at $1.30 for 24 months after closing.
• Subscriber: An existing large shareholder has agreed to subscribe for the entire Concurrent Offering.
• Use of Proceeds: Continue exploration and development on Spanish mineral properties; general corporate and working‑capital purposes.
• Closing Date (Concurrent Offering): On or about August 26, 2025, subject to customary conditions including TSX Venture Exchange approval.
• Regulatory Notes: Offerings are exempt from prospectus requirements under OSC Rule 72‑503 for non‑Canadian purchasers; securities not registered in the U.S. and may not be offered/sold there.

Notable Quotes

(No executive quotes provided in the release.)