Roxmore Announces a C$30,000,000 Non-Brokered Private Placement to Advance the Converse Gold Project

Executive Summary

• Roxmore Resources Inc. announced a non‑brokered private placement of 12,500,000 common shares at C$2.40 per share for total gross proceeds of C$30 million.
• Proceeds will be used to accelerate the Preliminary Economic Assessment (PEA) and pre‑feasibility study (PFS) work on the Converse Gold Project in Nevada, including ~30,000 m of drilling, re‑assay programs, baseline studies, permitting, hydrogeology/geotechnical work, and metallurgical testwork.
• The offering is expected to close around February 27, 2026, subject to customary conditions and TSX approval; securities are subject to a four‑month statutory hold period.

Key Details

• Offering Size: 12,500,000 common shares
• Issue Price: C$2.40 per share
• Gross Proceeds: C$30,000,000 (approximately US$22.5 million at prevailing rates)
• Use of Proceeds:
• ~30,000 m of core and reverse‑circulation drilling for resource infill/extension
• Re‑assay program to incorporate silver grades in post‑PEA resources
• Baseline environmental studies and preliminary permitting activities
• Hydrogeology and geotechnical drilling programs
• Additional metallurgical testwork supporting later study phases
• Closing Date: Expected on or about February 27, 2026 (or earlier/later as determined)
• Conditions to Closing: Receipt of all required regulatory approvals, including conditional acceptance by the Toronto Stock Exchange (TSX); customary closing conditions apply.
• Statutory Hold Period: Four months and one day from issuance date.
• Financial Advisor: 3L Capital
• Australian Broker: Euroz Hartleys Limited
• Key Investors Added: L1 Capital (leading Australian investor) among three cornerstone investors.

Notable Quotes

“This financing will be completed at a significant premium to the price of our recent financings and adds three leading cornerstone investors to our register… It is designed to provide us with a strong and durable capital foundation as we advance the Preliminary Economic Assessment at our flagship Converse Gold Project.” – John Dorward, CEO

The release contains forward‑looking statements regarding the use of proceeds, timing of the PEA, and other matters. The company cautions that actual results may differ materially.