Stuve Gold Corp. Provides Update on Proposed Private Placement

Executive Summary

• Stuve Gold Corp. announced the terms of its proposed private placement of up to 12,500,000 units for gross proceeds of up to $3 million.
• The warrants attached to each unit will allow holders to purchase additional common shares at $0.38 per share for one year from closing.
• Proceeds (if the maximum is raised) are earmarked for exploration on the Las Animas property ($1 M), other existing properties ($1.5 M), and up to $500 k for offering expenses, possible acquisitions, debt repayment, and working capital.

Key Details

• Offering Size: Up to 12,500,000 units; gross proceeds target of up to $3,000,000.
• Unit Composition: Each unit consists of common shares, share purchase warrants, and broker warrants.
• Warrant Exercise Price: $0.38 per common share, exercisable for one (1) year from the closing date.
• Use of Proceeds (maximum scenario):
• Exploration – Las Animas property: $1,000,000
• Exploration – existing Stuve Gold properties: $1,500,000
• Offering expenses, possible acquisitions, debt repayment & general working capital: up to $500,000.
• Subscription Mechanics: Offered to existing shareholders under the Existing Shareholder Exemption; open until March 27 2026 (or earlier if closed). First closing expected ≈ February 24 2026.
• Record Date for Eligibility: February 12 2026 – shareholders as of this date may subscribe.
• Maximum Subscription per Shareholder (Existing Shareholder Exemption): $15,000 unless advised by a registered investment dealer.
• Allocation if Oversubscribed: Pro‑rata among all qualifying subscribers across all exemptions.
• Hold Period: Common shares, warrants and broker warrants issued will be subject to a four‑month‑plus‑one‑day hold period.
• Closing Condition: Completion subject to TSX Venture Exchange approval.
• Contact Persons: Terence Walker (Phone: +56 9 5179 5902; Email: [email protected]) and Al Kroontje (Phone: +1 403 607 4009; Email: [email protected]).

Notable Quotes

(No direct quotes were provided in the release.)