The Canadian Chrome Company Inc. Announces Closing of a Second Tranche of Its Private Placement of Units and Provides a Corporate Update on Its Strategic Review

Executive Summary

• The Canadian Chrome Company Inc. closed the second tranche of its non‑brokered unit private placement, issuing 173,333 units at $1.50 each for total gross proceeds of $260,000.
• Proceeds are being used to repay accrued work fees owed to Origin Merchant Partners; all securities are subject to a four‑month hold period.
• The company engaged Origin Merchant Partners as financial advisor to evaluate strategic alternatives, including potential sale or joint venture opportunities.

Key Details

• Units Issued: 173,333 units (each unit = 1 multiple voting share + 1 warrant).
• Price per Unit: $1.50.
• Gross Proceeds: $260,000.
• Warrant Exercise Price: $1.75 per additional multiple‑voting share.
• Warrant Exercise Window: Until the earlier of (i) Dec 31 2027 or (ii) two business days after a change‑of‑control event.
• Use of Proceeds: To satisfy bona‑fide debts – specifically accrued work fees payable to Origin Merchant Partners.
• Hold Period: All securities subject to a four‑month lock‑up.
• Placement Extension: Private placement extended until March 2 2026; additional tranches may be completed before that date.
• Financial Advisor Engagement: Origin Merchant Partners appointed to assist with strategic review, including potential sale, merger, joint venture, or divestiture of assets.

Notable Quotes

“In light of global market trends, evolving steelmaking requirements and government focus on domestic supply chains and national security interests, we believe that the quality and size of our Ring of Fire chromite projects make our Company and its assets an attractive opportunity for various investors and national and international interests,” – Frank Smeenk, Chief Executive Officer.

All boilerplate, forward‑looking statements, and disclaimer text have been omitted.