Core Points - Red Canyon Resources Ltd. announced a non-brokered private placement of Charity Flow-Through Common Shares to raise gross proceeds of up to C$2,200,000 [1] - The lead order for the offering comes from a multinational mining corporation, which will acquire a 9.9% equity interest through the purchase of approximately 6,000,000 common shares, raising about C$1,632,000 [2] - The issue price of C$0.272 per share represents a 94% premium to the last closing price on August 25, 2025 [3] Financial Details - The proceeds will be used for eligible "Canadian exploration expenses" related to the Kendal project and other projects in British Columbia, with a deadline for expenditure by December 31, 2026 [4] - The flow-through critical mineral mining expenditures will qualify for a federal 30% investment tax credit for eligible individual investors, and an additional 20% tax credit for those in British Columbia [4] Offering Timeline - The Charity FT Offering is expected to close on September 18, 2025, subject to regulatory approvals [5] - All securities issued will be subject to a statutory hold period of four months and one day [5] Project Insights - The Kendal copper project is located in British Columbia and has undergone its first drill program, revealing significant hydrothermal alteration and mineralization [7] - The Inzana project area shows potential for multiple copper-gold porphyry centers based on historic exploration results [9] - The Scraper Springs project in Nevada has outlined a potential tier one copper target through expanded geophysical studies [10] Company Overview - Red Canyon Resources is focused on exploring North America's top copper jurisdictions and aims to make impactful copper discoveries [11] - The company is part of the NewQuest Capital Group, which is involved in the incubation and financing of mineral projects [12]