Stuve Gold amends terms for $3M private placement

Executive Summary

• Stuve Gold Corp. confirms that the warrants attached to its proposed private placement units will be exercisable at $0.38 per share for one year from closing.
• The offering targets up to 12.5 million units for gross proceeds of up to $3 million, with proceeds earmarked for exploration on the Las Animas property, existing properties, acquisition opportunities, debt repayment and working capital.
• The private placement is open to existing shareholders (record date Feb 12, 2026) and other exempt investors, with the first closing expected around Feb 24, 2026 and the offer remaining open until Mar 27, 2026 (or later).

Key Details

• Units Offered: Up to 12.5 million units (each unit = common share + warrant).
• Gross Proceeds Target: Up to $3 million.
• Warrant Exercise Price: $0.38 per common share, exercisable for one year from closing.
• Use of Proceeds (maximum offering):
• Exploration – Las Animas property: $1 million
• Exploration – existing properties: $1.5 million
• Offering expenses, possible acquisitions, debt repayment & general working capital: up to $0.5 million
• Allocation Rules: If subscriptions exceed $3 M, units will be allocated pro‑rata among all qualifying subscribers.
• Eligibility & Limits:
• Existing shareholders (record date Feb 12, 2026) may subscribe; aggregate purchase limit $15,000 unless advised by a registered investment dealer.
• Offer also available to accredited investors and purchasers advised by dealers under prospectus exemptions.
• Holding Period: Common shares, warrants and broker‑warrants issued are subject to a four‑month‑and‑one‑day hold period.
• Closing Timeline: First closing anticipated on or about Feb 24, 2026; offer open until Mar 27, 2026 (or extended at company’s discretion).
• Regulatory Condition: Completion subject to TSX Venture Exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)