Pacific Empire Announces Closing of First Tranche of Financing, Mobilization of Crews to Trident, and Grant of Options

Core Viewpoint - Pacific Empire Minerals Corp. has successfully closed the first tranche of its non-brokered private placement, mobilized crews to the Trident copper-gold project, and granted stock options to key personnel, marking a significant step in advancing its exploration efforts [1][2][10]. Financing Details - The first tranche of the private placement raised gross proceeds of C$1,386,289.95, issuing 21,122,570 Hard Dollar Units and 16,175,000 Flow-Through Units [2][4]. - Hard Dollar Units were priced at C$0.035 each, while Flow-Through Units were priced at C$0.04 each. Each unit includes a common share and a purchase warrant with specific exercise prices and durations [3][5]. Use of Proceeds - Funds from the offering will be allocated to the 2025 diamond drill program at the Trident project and for general working capital [4]. Mobilization and Drilling Plans - Field crews have been mobilized to the Trident property, with drilling expected to commence around October 12, 2025. This program aims to explore previously undrilled porphyry and breccia targets [8][10][18]. - The 2025 drill program is considered a milestone, as it will test high-priority targets that have not been drilled despite over 50 years of exploration history [16][18]. Strategic Importance - The Trident drill program is timely, given the rising global demand for copper driven by electrification and electric vehicle adoption. The project is located in a mining-friendly jurisdiction, enhancing its exploration potential [17][18]. - The combination of historical mineralization, geophysical and geochemical anomalies, and newly permitted access to untested areas presents a unique opportunity for discovery [18]. Stock Options Granted - The company has granted a total of 7,700,000 stock options to officers, directors, and consultants, with an exercise price of C$0.05 per share for a period of five years [10]. Property Overview - The Trident property is an early exploration stage site with significant potential, located approximately 50 km from notable deposits and covering 6,618 hectares with established access [20][21].