Trinity One Metals Announces Non-Brokered LIFE Private Placement of up to C$3.3 Million

Executive Summary

• Trinity One Metals announced a non‑brokered private placement of up to 16,500,000 units at C$0.20 per unit, targeting gross proceeds of up to C$3.3 million.
• Each unit consists of one common share and one warrant exercisable at C$0.30 per share for 36 months (with a 60‑day lock‑up).
• Net proceeds will be used to fund exploration, technical evaluation, project advancement across the company’s mineral asset portfolio and for general working capital.

Key Details

• Units Offered: Up to 16,500,000 units at C$0.20 per unit → Gross proceeds: up to C$3,300,000.
• Unit Composition: 1 common share + 1 common‑share purchase warrant per unit.
• Warrant Terms: Exercise price C$0.30 per share; exercisable for 36 months after closing; cannot be exercised during the first 60 days post‑closing.
• Use of Proceeds: Exploration, technical evaluation, verification of recently acquired properties, historical data verification, target generation, early‑stage field programs, and general working capital/corporate purposes.
• Exemption Used: Listed Issuer Financing Exemption (LIFE) under NI 45‑106; offered to Canadian residents outside Québec.
• Closing Date: Expected on or about February 27 2026 (or within 45 days of the announcement), possibly in multiple tranches.
• Finder’s Fees: Up to 6 % of gross proceeds payable in cash, or issuance of non‑transferable warrants equal to 6 % of units issued to subscribers introduced by finders.
• Regulatory Conditions: Subject to TSX Venture Exchange conditional approval and other required approvals.
• Trading Rights: Underlying common shares and warrant shares expected to be freely tradeable in Canada upon issuance.

Notable Quotes

“The capital raised will accelerate our exploration agenda and support the advancement of our growing portfolio of mineral assets,” – Thomas Wood, CEO.