Trailbreaker Resources files for approval of financing

Executive Summary

• Trailbreaker Resources Ltd. filed with the TSX Venture Exchange to obtain conditional approval for a non‑brokered charity flow‑through private placement of up to $3.5 million.
• The offering consists of two series of units: up to 2.5 M CMETC flow‑through units at C$0.56 each (targeting C$1.4 M) and up to 4.2 M standard flow‑through units at C$0.50 each (targeting C$2.1 M).
• Proceeds will be used to finance eligible Canadian critical‑mineral exploration expenses, with a hold period of four months plus one day and required renunciation of qualifying expenditures by Dec 31 2026.

Key Details

• Offering Structure:
• Series A – CMETC Flow‑Through Units: Up to 2.5 M units @ C$0.56 per unit → up to C$1.4 M gross proceeds. Each unit = 1 CMETC flow‑through common share + ½ warrant (full warrant exercisable at C$0.50 for 24 months). Eligible for a 30 % critical‑mineral exploration tax credit.

• Series B – Standard Flow‑Through Units: Up to 4.2 M units @ C$0.50 per unit → up to C$2.1 M gross proceeds. Each unit = 1 flow‑through common share + ½ warrant (full warrant exercisable at C$0.50 for 24 months). Eligible for a 15 % mineral exploration tax credit.

• Hold Period: All units subject to a Canadian hold period of four months plus one day from closing.

• Finder’s Fees: May be paid in cash and/or warrants per TSX Venture Exchange policies.

• Use of Proceeds:

• To incur eligible Canadian exploration expenses that qualify as flow‑through mining expenditures under the Income Tax Act (Canada).
• Expenses must be incurred on or before Dec 31 2027.

• All qualifying expenditures will be renounced to subscribers effective Dec 31 2026.

• Regulatory Filing: Documents filed with the TSX Venture Exchange seeking conditional approval; issuance will occur upon receipt of exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)