
Common shares priced at C$0.25 per share in non-brokered private placement
Resouro Strategic Metals Inc. (TSX-V: RSM) (ASX: RAU) (FSE: 8TX) announces a non-brokered private placement for the sale of up to 8,000,000 common shares of the Company at a price of C$0.25 per common share for gross proceeds of up to C$2,000,000.
Resouro plans to use the proceeds of the Offering to scope the pre-feasibility study, continue to advance its world-class Tiros rare earths and titanium project in Minas Gerais, Brazil, and for general working capital purposes following the Company’s June 15, 2026 announcement of a preliminary economic assessment for the Tiros Project.
“We’re encouraged by the interest we’ve seen in our Tiros project since the announcement of our PEA last month,” said Christopher Eager, Resouro’s Chief Executive Officer. “This financing will allow us to build on the momentum of that announcement, by starting scoping studies for the PFS and conducting further metallurgical testwork to improve the titanium and rare earths recoveries at Tiros.”
All of the common shares issued under the Offering will be subject to a four-month resale restriction in accordance with applicable securities laws. The Company expects to close the Offering in one or more tranches with the initial closing to occur on or about July 20, 2026. The Company may pay finders fees to eligible and qualified persons who introduce subscribers to the Offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange.
The Offering is also being conducted using the Company’s placement capacity pursuant to ASX Listing Rule 7.1. No Related Parties or their Associates are participating in the Offering.
None of the securities to be issued in the Offering have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and such securities may not be offered or sold within the United States, except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any of such securities of the Company in the United States.
About Resouro Strategic Metals
Resouro is a Canadian mineral exploration and development company focused on the discovery and development of economic mineral projects in Brazil. Its flagship property is the Tiros Project in Minas Gerais, one of the most mining-friendly and infrastructurally developed states in Brazil. Tiros is a large-scale titanium and rare earth project, with a JORC-compliant Mineral Resource Estimate and a Preliminary Economic Assessment demonstrating robust economics for a starter operation. Resouro is also developing the Novo Mundo gold project, located in Mato Grosso state.
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