Emerita Announces Upsize to C$25M Brokered Private Placement Financing

Executive Summary

• Emerita Resources Corp. upsized its previously announced $15,000,090 best‑efforts private placement to a maximum of $24,999,975.
• The offering will consist of up to 23,809,500 units at $1.05 per unit, each unit containing one common share and half of a warrant (full warrant exercisable at $1.30 for 24 months).
• Net proceeds are earmarked for continued exploration and development of the Company’s Spanish mineral properties and for general corporate and working‑capital purposes.

Key Details

• Upsized Offering Size: Up to 23,809,500 units (previously smaller)
• Issue Price: $1.05 per unit
• Gross Proceeds Target: Up to $24,999,975 (vs. prior $15,000,090)
• Unit Composition:
• 1 common share
• ½ of a Common Share purchase warrant (full warrant allows purchase of one common share at $1.30)
• Warrant Terms: Exercise price $1.30; exercisable for 24 months after closing of the offering.
• Lead Agents: Clarus Securities Inc. and Velocity Trade Canada, acting as co‑lead agents for a syndicate of agents.
• Closing Date: Expected on or about August 26, 2025, subject to customary conditions including TSX Venture Exchange approval.
• Exemption Used: Listed Issuer Financing Exemption under Part 5A of NI 45‑106; securities not subject to statutory hold period.
• Use of Proceeds:
• Continue exploration and development work on Spanish mineral properties.
• General corporate purposes and working capital.
• Regulatory Notes: Offering is Canada‑only; securities are not registered in the United States and may not be offered or sold there.

Notable Quotes

(No executive quotes were included in the release.)