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

The most recent news (February 10-12, 2026) announces a non-brokered private placement under the Listed Issuer Financing Exemption (LIFE) for gross proceeds of up to C$3.3 million. The offering consists of units priced at C$0.20, with each unit including one common share and one three-year warrant exercisable at C$0.30. This follows the February 4, 2026, closing of the San Bartolomé (Silver-1 Mine) acquisition in Ecuador. A trading halt preceded the formal financing announcement.

• Financial Re-rating: The financing at C$0.20 is a significant premium (300%) over the C$0.05 private placement closed in October 2025. This indicates a material shift in market perception following the Ecuador acquisition.
• Treasury Infusion: The C$3.3M target is substantial for a company that reported only C$241,528 in cash as of September 30, 2025. This capital is critical to addressing the C$1.32M in accounts payable and accrued liabilities (as per the last interim filing).
• Execution Necessity: While positive, the financing is "Routine - Positive" because it is a prerequisite for survival and exploration. The company was essentially a "zombie" shell with high debt until the January 2026 pivot.
• Shareholder Dilution: 16.5 million new shares (plus warrants) will represent significant dilution to existing holders, though necessary to fund the verification of historical estimates at Silver-1.

Trinity One Metals is a junior explorer that recently shifted its focus to the San Bartolomé Project (Silver-1 Mine) in Azuay Province, Ecuador. - Project Type: Past-producing epizonal silver-lead-zinc vein system. - Historical Estimate: 200,000 to 700,000 tonnes grading 15-25 oz/tonne Ag. Note: These are not current NI 43-101 resources. - Portfolio: The company also holds a royalty portfolio (Bangemall 4%, Gawler 4%, Western Wood 3%), which provides potential long-term value but no immediate cash flow.