Greenridge Exploration Announces Flow-Through Financing

Core Viewpoint - Greenridge Exploration Inc. is initiating a non-brokered private placement to raise up to C$2,000,000 through the sale of flow-through units, aimed at funding exploration activities on its project portfolio [1][4]. Group 1: Offering Details - The Offering will consist of up to 5,714,286 flow-through units priced at C$0.35 each, with each unit comprising one common share and one purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at C$0.40 for a period of 24 months from issuance [2]. - The Offering is subject to necessary approvals, including from the Canadian Securities Exchange [5]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to eligible Canadian exploration expenses qualifying as flow-through mining expenditures related to the Company's projects [4]. - All qualifying expenditures will be renounced in favor of the subscribers effective December 31, 2025 [4]. Group 3: Company Overview - Greenridge Exploration Inc. is focused on mineral exploration, owning interests in 21 projects covering approximately 281,100 hectares, with a focus on uranium, lithium, nickel, copper, and gold [6][8]. - The Company has one of the largest uranium property portfolios in Canada, with 13 projects covering about 194,350 hectares [7]. - The management team possesses significant expertise in capital raising and advancing mining projects, positioning the Company to attract new investors [8].