Sirios Resources to Close Fully-Subscribed $25 Million Brokered LIFE Offering

Executive Summary

• Sirios Resources announced that its “best efforts” private placement (LIFE offering) is fully‑subscribed and will close on March 18, 2026.
• The offering will generate gross proceeds of $24,999,999.80, comprised of flow‑through units at $0.27 each and hard‑dollar units at $0.20 each.
• Proceeds are intended to fund exploration activities, eligible Canadian exploration expenses, and related corporate purposes as outlined in the offering documents.

Key Details

• Offering Size: $25 M (gross proceeds of $24,999,999.80).
• Units Issued:
• 40,740,740 Flow‑Through Units (FT Units) @ $0.27 per unit → $10,999,999.80 gross.
• 70,000,000 Hard Dollar Units (HD Units) @ $0.20 per unit → $14,000,000 gross (includes full exercise of agents’ option for an additional 25,000,000 HD Units).
• Closing Date: Expected on March 18, 2026 subject to customary closing conditions and regulatory approvals.
• Agency Agreement: To be executed with National Bank Capital Markets and MDCP Securities Ltd., serving as co‑bookrunners and co‑lead agents.
• Use of Proceeds (as disclosed in the original March 2 offering announcement): Funding eligible Canadian exploration expenses, tax‑efficient flow‑through financing benefits, and general corporate purposes related to Sirios’ gold projects in the Eeyou Istchee James Bay region.
• Documentation: Amended and restated Offering Document available on SEDAR+ and the Company’s website.

Notable Quotes

(No direct quotes were included in this release.)