Viscount Mining Announces $5.0 Million Brokered LIFE Offering Led by Centurion One Capital

Viscount Mining Corp. (VML) announced on February 18, 2026, a brokered private placement under the Listed Issuer Financing Exemption (LIFE) to raise $5,000,000 CAD. The offering consists of 6,250,000 units priced at $0.80 per unit. Each unit includes one common share and one warrant exercisable at $1.20 for 36 months. The financing is led by Centurion One Capital Corp. Importantly, because this uses the LIFE exemption, the securities will not be subject to a statutory hold period in Canada. The proceeds are earmarked for exploration at the Silver Cliff (Colorado) and Cherry Creek (Nevada) projects, as well as general working capital.

The impact is Neutral to slightly positive in the short term, as it addresses a looming liquidity crunch while setting a valuation floor. - Liquidity Necessity: As of November 30, 2025, the company had only $1.21 million in cash. With a quarterly burn rate of approximately $215,000 in G&A and significantly higher planned exploration costs ($327,000 in the last quarter reported), the company had less than a year of runway. The $5M injection is critical to fund the ambitious 2026 drill program. - Valuation Benchmarking: The $0.80 unit price is a slight discount to the recent trading price of $0.85, suggesting the broker found sufficient demand at this level despite the "irregular trading activity" and price crash seen in December 2025. - No Hold Period: The lack of a hold period under the LIFE exemption is a double-edged sword; it makes the offering attractive to investors but risks immediate selling pressure if the stock price moves significantly above $0.80. - Exploration Momentum: The funds are specifically allocated to follow up on the Passiflora discovery (PF-03A) which yielded 843.9 meters of mineralization. Without this capital, the planned 1,500-meter deep hole for 2026 would be unfundable.

Viscount Mining is an exploration-stage company focused on the Silver Cliff project in Colorado and the Cherry Creek project in Nevada. - Flagship (Silver Cliff): Features the Kate Silver Deposit (NI 43-101 resource of ~10.3M oz M&I and ~14.2M oz Inferred silver) and the Passiflora Porphyry target. - The Passiflora Thesis: The company is chasing a large-scale copper-gold-silver porphyry system identified by a deep Quantec MT anomaly. Discovery hole PF-03A confirmed a massive 843-meter mineralized intercept, though at relatively low average grades (0.214% CuEq).