Absolutely Critical Resources Corp. to Conduct Non-Brokered Private Placement

Absolutely Critical Resources Corp. announced a non-brokered private placement of up to 10,000,000 common shares at $0.015 per unit. The offering is expected to generate gross proceeds of $150,000, with no commissions or finders' fees.

The company stated that the proceeds will be allocated strictly to specific exploration and operational needs: $80,000 for diamond drilling at the Massey Nickel/Copper Project, $30,000 for an option payment at Massey, $30,000 for general working capital, and $10,000 for a NI 43-101 technical report at the Mary Ann’s Lake Project.

The financing relies on standard exemptions under National Instrument 45-106 and requires approval from the TSX Venture Exchange. This capital directly funds the exploration activities outlined in the August 19, 2026 corporate update, specifically the October drilling program at Mary Ann’s Lake and the Massey option payment.

Absolutely Critical Resources Corp. (ABC) is proceeding with an expected and incremental financing round designed to extend its runway and execute previously announced exploration plans. The offering price of $0.015 represents a 50% premium to the recent $0.01 trading range, indicating a modest level of buyer interest or realistic pricing for the asset stage.

Dilution is approximately 26% based on the ~37.8M shares outstanding post-May debt settlement. While high, this is standard for micro-cap explorers raising small tranches. The capital raise simply maintains the status quo, allowing the company to proceed with drilling without immediate insolvency risk. No new strategic investors or game-changing operational milestones are introduced.

Absolutely Critical Resources Corp. (ABC) is a micro-cap exploration company focused on two primary properties in Canada.

The Mary Ann’s Lake Project in Nova Scotia is a blind prospect discovered in 1992, located approximately 1,500 meters from the former Stirling mine. The geology features talc-sericite-pyrite interbedded with mudstone, indicating hydrothermal exhalative mineralization. Drilling will target a geophysical anomaly approximately 50 meters below a historical 4.03 oz/t silver assay.

The Massey Project in Ontario is a 2,200-hectare property within the Kamiskotia complex. Recent prospecting identified an undocumented shear zone with 1,055 ppm nickel and 0.34 g/t gold. Geophysical modeling by an independent geophysicist identified 5 very high-priority VTEM anomalies (400 to 4,500 siemens) and 17 second-level anomalies.

The company is in the early exploration stage. No resource estimates or production plans exist.