Peloton Closes Private Placement

Core Viewpoint - Peloton Minerals Corporation has successfully closed a non-brokered private placement financing, raising a total of $134,100 from the issuance of 1,490,000 units, which will be utilized for lithium exploration and working capital [1][2]. Group 1: Financing Details - The private placement was conducted at a price of CDN$0.09 per unit, with each unit comprising one common share and one common share purchase warrant exercisable at $0.12 for three years [1]. - This placement marks the third tranche under the same pricing terms, bringing the cumulative total raised to $1,170,352.53 [2]. - The company incurred fees amounting to eight percent of the funds raised and issued ten percent of the units as broker warrants, which are exercisable into a unit of the offering at the offering price for sixty months [1]. Group 2: Use of Proceeds - Proceeds from the private placement will be allocated towards lithium exploration in northern Nevada and for general working capital [2]. - The company completed its maiden drilling program on the North Elko Lithium Project in November-December 2025, with results expected by the end of January 2026 [2]. Group 3: Regulatory and Compliance Information - The private placement relied on certain prospectus exemptions, including the Existing Shareholder Exemption, allowing capital raising through securities distribution to existing shareholders [3]. - The securities issued are subject to a hold period of four months and one day from the issuance date [4]. Group 4: Company Overview - Peloton Minerals Corporation holds a 100% interest in the North Elko Lithium Project, which is prospective for lithium and other critical minerals, along with interests in gold and copper projects in Nevada and Montana [6][7]. - The company is a reporting issuer in good standing in British Columbia and Ontario, with common shares listed on the CSE and trading on the OTC QB [5].