Northisle Announces C$100 Million Financing

Executive Summary

• Northisle Copper and Gold Inc. announced a “best‑efforts” brokered public offering of up to 32,787,000 common shares at $3.05 per share, targeting gross proceeds of approximately $100,000,350.
• The company granted the agents an option to sell an additional 4,919,000 shares for up to $15,002,950, exercisable up to 48 hours before closing.
• Net proceeds are earmarked for advancing Northisle’s projects and general corporate/working‑capital purposes; closing is expected around March 6, 2026, subject to regulatory approvals.

Key Details

• Offering Structure: “Best efforts” public offering with Paradigm Capital Inc. as lead agent and sole bookrunner for a syndicate of agents.
• Shares Offered: Up to 32,787,000 common shares at an issue price of $3.05 per share.
• Gross Proceeds Target: Approximately $100,000,350 from the primary tranche.
• Agents’ Option: Right to sell up to 4,919,000 additional shares at the same $3.05 price, providing potential extra gross proceeds of $15,002,950; option must be exercised no later than 48 hours before the closing date.
• Closing Date: Anticipated on or about March 6, 2026, subject to TSXV and other regulatory approvals and customary closing conditions.
• Use of Proceeds: Advancement of Northisle’s mineral projects and for general corporate and working‑capital purposes.
• Jurisdictional Offering Scope: Shares will be offered in all Canadian provinces and territories except Quebec, on a “best efforts” basis via a prospectus supplement to the short‑form base shelf prospectus dated February 25, 2026.
• Regulatory Notes: Offerings require TSXV approval; shares are not registered under U.S. securities laws and cannot be offered or sold in the United States absent registration or an applicable exemption.
• Access to Documentation: Base shelf prospectus is publicly accessible; the prospectus supplement will be available within two business days via SEDAR+. Copies can also be obtained free of charge from Paradigm Capital Inc. by email.

Notable Quotes

(No direct quotes were provided in the release.)