Vancouver, British Columbia--(Newsfile Corp. - March 27, 2026) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("Forge" or the "Company") is pleased to announce the initial closing of the Company's previously announced "best efforts" private placement offering. Further to its press release on February 18, 2026, the Company has issued an aggregate of 6,687,000 units (the "Units") at a price of $0.50 per Unit for aggregate gross proceeds of $3,343,500 (the "Offering"). The Offering was completed ...

Core Viewpoint - Sierra Madre Gold and Silver Ltd. has successfully closed the second tranche of its brokered private placement, raising a total of $57,500,690 through the issuance of Subscription Receipts, which will be used to fund the acquisition of the Del Toro Silver Mine and for general working capital purposes [1][2][5]. Group 1: Offering Details - The second tranche involved the issuance of 13,709,576 Subscription Receipts at a price of $1.30 each, generating gross proceeds of $17,822,449 [1]. - Combined with the first tranche, the total number of Subscription Receipts issued is 44,231,300, resulting in total gross proceeds of $57,500,690 [1]. - The Offering was facilitated by Beacon Securities Limited as the lead agent, along with other agents including Canaccord Genuity Corp., BMO Capital Markets, and VSA Capital Limited [1]. Group 2: Transaction and Use of Proceeds - The proceeds from the Offering will primarily be used to finance the acquisition of the Del Toro Silver Mine from First Majestic Silver Corp. [2][5]. - The net proceeds will also support exploration and development activities at Del Toro and provide general working capital for the company [5]. Group 3: Escrow and Conditions - The gross proceeds from the second tranche, amounting to $17,569,531, have been placed into escrow, subject to the satisfaction of certain escrow release conditions [4]. - If the escrow release conditions are met by May 14, 2026, the remaining 50% of the Agents' Fees will be released to the agents, and the balance will be available to the company [4]. - Should the conditions not be satisfied, the escrowed proceeds will be returned to the holders of the Subscription Receipts [4]. Group 4: Fees and Compensation - The company paid the agents a cash commission and corporate finance fee of $452,072, with half of this amount placed into escrow [6]. - Additionally, the agents received 346,479 compensation options, allowing them to purchase common shares at the issue price within 24 months [6]. Group 5: Regulatory and Legal Considerations - The securities issued in connection with the second tranche are subject to a four-month hold period and require final approval from the TSX Venture Exchange [7]. - The securities have not been registered under U.S. securities laws and cannot be offered or sold in the United States unless registered or exempt [8].

Core Points - NevGold Corp has entered into an agreement with Clarus Securities Inc. for a best efforts private placement of units at a price of $0.65 per unit, aiming for gross proceeds of up to $10 million [1][4] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.90 for 24 months [2][3] - The net proceeds from the offering will be used for advancing various projects including the Limousine Butte gold-antimony project in Nevada and the Nutmeg Mountain gold project in Idaho [4] Offering Details - The offering will be conducted under an agency agreement, with the agent receiving a 7.0% cash commission and 7.0% non-transferable compensation options on the units sold [3] - The closing of the offering is anticipated around November 27, 2025, subject to necessary approvals [4] - The units will be offered to purchasers in Canada, excluding Quebec, under the Listed Issuer Financing Exemption, meaning the securities will not be subject to a hold period [5] Company Overview - NevGold is an exploration and development company focused on large-scale mineral systems in Nevada and Idaho [9][10] - The company owns a 100% interest in several projects, including Limousine Butte and Cedar Wash in Nevada, and Nutmeg Mountain and Zeus in Idaho [10]

Core Viewpoint - Midnight Sun Mining Corp. has successfully closed an upsized "bought deal" financing, raising gross proceeds of C$30,475,575, which includes the full exercise of the Underwriters' Option [1][2]. Financing Details - The Offering involved the issuance of 22,574,500 units at a price of C$1.35 per unit, conducted on a prospectus-exempt basis under the LIFE Exemption [2]. - The Offering was led by Haywood Securities Inc. as the lead underwriter, along with a syndicate of underwriters including Beacon Securities Limited, Red Cloud Securities Inc., and SCP Resource Finance LP [3]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$2.00 until October 28, 2027 [4]. Use of Proceeds - The net proceeds from the Offering will be allocated towards advancing exploration projects in Zambia and for general working capital and corporate purposes [5]. Underwriter Compensation - The Company paid the Underwriters a cash commission of 6.0% of the gross proceeds and issued transferable compensation options equal to 6.0% of the total units sold [7]. Regulatory Approval - The Offering is subject to final approval from the TSX Venture Exchange [8]. Company Overview - Midnight Sun is focused on exploring its flagship Solwezi Project in Zambia, located in the Zambia-Congo Copperbelt, a major copper-producing region [10].