Roxmore Announces Close of C$32,640,000 Non-Brokered Private Placement

Executive Summary

• Roxmore Resources Inc. completed a non‑brokered private placement raising C$32,640,000 by issuing 13,600,000 common shares at C$2.40 each.
• An additional C$2,640,000 was added to the offering on February 18, 2026 due to strong investor interest.
• Proceeds will be used primarily to accelerate the Converse Gold Project’s advanced PFS work plan, including ~30,000 m of drilling, re‑assay programs, permitting studies, hydrogeology/geotechnical work, and metallurgical testwork.

Key Details

• Offering Size: C$32,640,000 gross proceeds (including the C$2,640,000 increase).
• Shares Issued: 13,600,000 common shares.
• Issue Price: C$2.40 per share.
• Use of Proceeds:
• ~30,000 m of core and RC drilling for resource infill/extension.
• Re‑assay program to incorporate silver grades in future resource estimates.
• Baseline studies and preliminary permitting activities.
• Hydrogeology and geotechnical drilling.
• Detailed metallurgical testwork supporting later studies.
• Advisors & Fees:
• Cash advisory fees paid: C$974,000 to financial advisors.
• Finder’s fees paid: C$360,000 to eligible finders.
• Financial advisor: 3L Capital.
• Australian broker: Euroz Hartleys Limited.
• Statutory Hold Period: All shares subject to a hold period expiring July 3, 2026.
• Management Comment: CEO/Executive Chairman John Dorward highlighted that the funds will enable an active work program over the next 18 months and welcomed cornerstone institutions such as L1 Capital to the shareholder register.

Notable Quotes

“These funds will enable an active work program over the next 18 months. The Converse Gold Project is emerging as a significant development project and we are particularly pleased to welcome three cornerstone institutions to the Roxmore shareholder register, including L1 Capital, a leading Australian investor.” – John Dorward, CEO & Executive Chairman

Materiality Assessment: Material – Positive (significant financing that materially advances a flagship gold project).