Purecore announces private placement of up to C$2.5 million

Purecore Metals Inc. said on Oct. 2, 2026 that it intends to complete a non-brokered private placement for gross proceeds of up to C$2.5 million. The company said the financing will include hard dollar units and flow-through units, each with its own pricing and warrant terms.

The hard dollar units are priced at C$1.35 each and consist of one common share and one warrant. Each warrant gives the holder the right to buy one warrant share at C$2.00 for 36 months from the closing date, unless the company accelerates expiry under the terms it set out.

The flow-through units are priced at C$1.50 each. Each one includes one common share issued as a flow-through share under the Income Tax Act (Canada) and one warrant, with the warrant also carrying a C$2.00 exercise price for 36 months.

Purecore said it may pay finder’s fees to eligible arm’s-length finders, subject to securities laws and Canadian Securities Exchange policies. The offering remains subject to customary closing conditions and all required corporate and regulatory approvals, including CSE policies, and the securities will be subject to a four-month hold period under Canadian securities laws and the exchange’s rules.

The company said net proceeds from the hard dollar units are expected to support mineral exploration, property-related spending and acquisitions, and general corporate and working capital needs, including marketing and investor relations. The gross proceeds tied to the flow-through shares will be used for eligible Canadian exploration expenses intended to qualify as flow-through mining expenditures or flow-through critical mineral mining expenditures.

Purecore said it intends to renounce qualifying expenditures to FT Unit subscribers no later than Dec. 31, 2026, in an amount not less than the gross proceeds allocated to the flow-through shares. The company describes itself as a Canadian mineral exploration company focused on uranium and copper assets.