Fitzroy Minerals Announces Non-Brokered Life Offering And Concurrent Private Placement For Up To A Combined $26 Million

Core Viewpoint - Fitzroy Minerals Inc. is initiating a non-brokered private placement to raise up to $26 million through two offerings, aimed at funding exploration and development projects in the Americas [1][3][4]. Group 1: Private Placement Details - The LIFE Offering will issue common shares at $0.50 per share, with a target of up to $10 million and a minimum offering amount of $4 million [1][2]. - A concurrent private placement will issue up to 32 million units at the same price of $0.50 per unit, potentially raising an additional $16 million [3]. - Each unit in the concurrent offering consists of one share and one-half of a share purchase warrant, with warrants allowing the purchase of additional shares at $0.80 for two years [3]. Group 2: Use of Proceeds - The net proceeds from the private placements will be allocated to various projects, including exploration and commitments for the Buen Retiro and Caballos projects, advancement of the Polimet project, reorganization of the Taquetren project, and general administrative costs [4]. Group 3: Closing and Regulatory Compliance - The closing of the private placements is anticipated around March 24, 2026, subject to TSXV approval and other closing conditions [5]. - Insiders may participate in the concurrent offering, which will be exempt from certain formal valuation and minority shareholder approval requirements [6].