Excalibur Metals Announces Private Placement Financing

Executive Summary

• Excalibur Metals Corp. announced a non‑brokered private placement of up to 12,500,000 units at $0.20 per unit, targeting gross proceeds of up to $2.5 million.
• Each unit consists of one common share and half of a common share purchase warrant; each full warrant allows the holder to buy an additional share at $0.30 for 24 months after closing.
• Net proceeds will be allocated to exploration expenditures, working capital, investor relations, and general & administrative costs, with the offering expected to close during the week of March 23, 2026 pending TSX Venture Exchange approval.

Key Details

• Units Offered: Up to 12,500,000 units
• Unit Composition: 1 common share + ½ common share purchase warrant (full warrant = right to buy 1 additional share at $0.30)
• Price per Unit: $0.20
• Maximum Gross Proceeds: $2.5 million
• Warrant Terms: Exercise price $0.30; exercisable for 24 months from closing date
• Hold Period: All securities subject to a four‑month hold period from issuance
• Finder’s Fees: 7% cash + 7% non‑transferable finder warrants (exercise price $0.30, 24‑month term) payable on a portion of the offering per TSX Venture Exchange policies
• Use of Net Proceeds: Exploration expenditures, working capital, investor relations, and general & administrative expenses
• Closing Timeline: Anticipated during the week of March 23, 2026 or as determined by the company; subject to TSX Venture Exchange approval

Notable Quotes

“We are pleased to provide additional financing that will support our ongoing exploration programs and strengthen our balance sheet,” – John Gilbert, CEO.