Camino Closes $5.8 Million Brokered Private Placement of Units and Concurrent $9.4 Million Non-Brokered Private Placement of Convertible Debentures

Camino Minerals Corporation closed a combined financing package totaling C$15,223,109 on August 26, 2026. The transaction comprises a C$5.8M brokered private placement of 13,800,000 units at C$0.42 per unit, and a C$9.4M non-brokered private placement of unsecured convertible debentures.

Each unit includes one common share and one-half of one warrant exercisable until August 26, 2028, at C$0.55 per share. The convertible debentures carry a 10% interest rate, mature in August 2029, and are convertible at C$0.48 per share until August 2031.

Denham Capital/Santiago Holdco acquired the entire debenture tranche, maintaining significant insider control. Director Christopher Adams participated in the brokered equity portion. Proceeds are earmarked for joint venture cash calls at the Puquios Copper Project (Chile), exploration/drilling at the Costa de Cobre Project (Peru), and general/administrative expenses.

Camino Minerals Corporation (COR) completed a financing transaction on August 6, 2026, a move fully anticipated given the company’s stated liquidity constraints. The capital provides essential runway to fund joint venture cash calls and avoid immediate insolvency, marking a positive operational development.

The transaction involves the issuance of 13.8 million units, coupled with approximately 6.9 million warrants and roughly 19.6 million potential shares from debenture conversion, significantly increasing the share count. The conversion price is set at C$0.48, and the warrant exercise price is C$0.55, establishing a near-term price ceiling that limits upside until the company can demonstrate operational progress or secure project debt. The reliance on related-party financing from Denham Capital underscores the company's difficulty in attracting independent institutional capital at current valuation levels.

Camino Minerals Corporation (COR) is a pre-revenue exploration and development company focused on copper assets in Chile and Peru. Its flagship asset is the Puquios Copper Project in Chile, which is operated as a 50/50 joint venture with Nittetsu Mining Co., Ltd. The project has secured environmental permits for a 15-year mine life and is advancing toward construction.

In Peru, the company holds the Costa de Cobre project, formerly known as Los Chapitos. This district-scale IOCG copper-silver project saw Nittetsu complete its C$10M earn-in, securing a 35% interest. Recent drilling has demonstrated high-grade continuity along the Diva trend. Additionally, Camino Minerals holds early-stage exploration assets at the Maria Cecilia and Plata Dorada projects in Peru.