Trident Announces $15 Million Bought-Deal Financing

Core Viewpoint - Trident Resources Corp. has announced a bought-deal financing agreement to raise $15.04 million through the sale of 4 million flow-through shares at a price of $3.76 per share, aimed at funding exploration and drilling activities in its gold projects in Saskatchewan [1][3]. Group 1: Offering Details - The offering consists of 4,000,000 common shares qualifying as flow-through shares, with an option for underwriters to increase the offering by an additional 600,000 shares for up to $2.256 million in gross proceeds [1][2]. - The expected closing date for the offering is around February 18, 2026, subject to customary conditions and regulatory approvals [4]. Group 2: Use of Proceeds - Gross proceeds from the offering will be allocated for exploration, mineral resource expansion, and drilling at Trident's gold projects in the La Ronge Gold Belt, classified as Canadian Exploration Expenses under the Income Tax Act [3]. Group 3: Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company focused on gold and copper projects in Saskatchewan, including the Contact Lake and Greywacke Lake projects, which have significant gold resources [8].