Moon River Moly Ltd. Announces $9 Million LIFE Offering

Core Viewpoint - Moon River Moly Ltd. has announced a private placement offering to raise up to approximately $9,000,000 through the sale of units priced at $0.85 each, with a minimum gross proceeds requirement of $2,800,000 [1][5]. Group 1: Offering Details - The offering consists of up to 10,588,235 units, each unit comprising one common share and one half of a common share purchase warrant [1][2]. - Each warrant allows the holder to acquire one common share at a price of $1.15 for a period of 24 months from the closing date, with a 60-day exercise restriction post-closing [2]. - The offering is subject to regulatory approvals and is expected to close around February 26, 2026 [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for baseline environmental studies and further engineering studies to advance the Davidson molybdenum-copper-tungsten project, as well as for studies related to the Endako Mine [6]. Group 3: Agent Compensation - The company will pay the agents a cash commission of 7.0% of the gross proceeds and issue broker warrants equal to 7.0% of the units issued [7]. Group 4: Company Overview - Moon River is a Canadian resource company focused on the acquisition, exploration, and development of mineral projects, particularly the Davidson Property and the Endako Mine Complex [9].