North Atlantic Titanium Announces Upsize of Private Placment Financing

Core Viewpoint - North Atlantic Titanium Corp. has announced an upsized non-brokered offering due to strong investor demand, aiming for gross proceeds of up to $1,250,000 to fund various initiatives related to the Everett titanium property in Quebec [1][3]. Group 1: Offering Details - The offering consists of up to $750,000 in units priced at $0.06 per unit, each unit comprising one common share and one warrant [1]. - Additionally, the offering includes up to $500,000 in flow-through units priced at $0.08 per unit, each flow-through unit also comprising one common share and one warrant [1]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.10 for up to 24 months following the closing of the offering [2]. Group 2: Use of Proceeds - Net proceeds from the sale of units will be allocated for the initial option payment for the Everett titanium property, working capital, and general corporate purposes [3]. - Gross proceeds from the sale of flow-through units will be dedicated to surface exploration, metallurgical testing, and verification of historical exploration work at the Everett property [3]. - The entire gross proceeds from flow-through units will be used for Canadian Exploration Expenses, which must be incurred by December 31, 2026, and renounced to initial purchasers by December 31, 2025 [4]. Group 3: Closing and Regulatory Approval - The final tranche of the offering is expected to close on January 16, 2026, subject to necessary regulatory approvals, including from the Canadian Securities Exchange [5].