
Resouro Strategic Metals Inc. (ASX: RAU) (TSX-V: RSM) (OTCQB: RSGOF) is pleased to announce that it has completed the second closing and final tranche of its previously announced non-brokered private placement. The Final Tranche consists of the issuance of 2,560,000 common shares at a price of $0.25 per common share, for additional gross proceeds of $640,000.
Together with the first tranche, which closed on August 6, 2026, Canada, (August 7, 2026, Australia), the Company has issued a total of 10,000,000 common shares at a price of $0.25 per common share, for aggregate gross proceeds of $2,500,000, under the Private Placement.
The Company paid a cash finders’ fee of $4,500 that will be paid in connection with the Offering.
All securities issued under the Offering are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable Canadian securities laws and TSX Venture Exchange policies. In accordance with the ASX Listing Rules, the shares were issued pursuant to the Company’s available placement capacity under Listing Rule 7.1. No Related Parties or their Associates are participating in the Offering.
The Offering remains subject to final approval by the TSX Venture Exchange. The Private Placement 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 Company intends to use the net proceeds of the Private Placement for general working capital purposes and to advance the environmental program, an essential step toward the Preliminary Feasibility Study for the Tiros project.
None of the securities to be issued in the Private Placement have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state security laws, and such securities may not be offered or sold within the United States (as such term is defined in Regulation S under the U.S. Securities Act), except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable U.S. 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 tanium 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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