Trailbreaker Resources Announces Flow-Through Financing up to $3M
NutanixNutanix(US:NTNX) Thenewswire·2026-02-26 12:45

Core Viewpoint - Trailbreaker Resources Ltd. is initiating a non-brokered structured private placement to raise up to $3 million for critical minerals exploration expenses through the sale of flow-through units [1][3]. Group 1: Offering Details - The offering includes up to 2,142,857 CMETC flow-through units at a price of $0.56 per unit, aiming to raise gross proceeds of up to $1.2 million [1]. - Additionally, the offering consists of up to 3,600,000 flow-through units at a price of $0.50 per unit, targeting gross proceeds of up to $1.8 million [1]. - Each CMETC FT Unit comprises 1 CMETC FT common share and ½ of a common share purchase warrant, while each FT Unit consists of 1 FT common share and ½ of a common share purchase warrant [1]. Group 2: Use of Proceeds - The proceeds from the sale of FT Units and CMETC FT Units will be utilized to incur eligible Canadian exploration expenses, specifically for flow-through mining expenditures and flow-through critical mineral mining expenditures [3]. - The qualifying expenditures will be incurred on or before December 31, 2027, and will be renounced to the initial purchasers effective December 31, 2026 [3]. Group 3: Regulatory and Compliance - The offering is subject to acceptance by the TSX Venture Exchange and will have a hold period in Canada of four months plus one day from closing [2].

Nutanix-Trailbreaker Resources Announces Flow-Through Financing up to $3M - Reportify