Freeport Resources Announces Closing of Third Tranche of Private Placement

Core Viewpoint - Freeport Resources Inc. has successfully closed the third tranche of its non-brokered private placement, raising approximately $100,500 through the issuance of 3,350,000 units, which will support the development of the Yandera Copper Project and general working capital needs [1][2]. Group 1: Private Placement Details - The third tranche is part of a larger offering of up to 116,666,666 units at a price of $0.03 per unit, aiming for gross proceeds of up to $3,500,000 [2]. - Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.06 for twelve months [1]. Group 2: Financial Proceeds and Future Plans - Following the completion of the third tranche, the company has raised gross proceeds of $2,438,350 through the issuance of 81,278,331 units in connection with the offering [4]. - The company has received an extension from the TSX Venture Exchange to complete a fourth and final tranche, anticipated to close around January 9, 2026, pending approval [4]. Group 3: Company Overview - Freeport Resources is a Canadian mineral exploration company focused on advancing the Yandera copper-gold-molybdenum project, one of the largest undeveloped copper-gold deposits globally, covering approximately 245.5 square kilometers [5].