Resouro to raise up to C$2M
Common shares priced at C$0.25 per share in non-brokered private placement
THIS PRESS RELEASE SHALL NOT BE DISTRIBUTED IN THE UNITED STATES OR DISSEMINATED TO U.S. NEWSIRE SERVICES.
VANCOUVER, British Columbia, July 08, 2026 (GLOBE NEWSWIRE) -- Resouro Strategic Metals Inc. (TSXV: RSM, ASX: RAU, FSE: 8TX) (“Resouro” or the “Company”) announces a non-brokered private placement (the “Offering”) for the sale of up to 8,000,000 common shares of the Company at a price of C$0.25 per common share for gross proceeds of up to C$2,000,000.
Resouro plans to use the proceeds of the Offering to scope the pre-feasibility study (“PFS”), continue to advance its world-class Tiros rare earths and titanium project in Minas Gerais, Brazil, and for general working capital purposes following the Company’s June 15, 2026 announcement of a preliminary economic assessment (“PEA”) for the Tiros Project.
“We’re encouraged by the interest we’ve seen in our Tiros project since the announcement of our PEA last month,” said Christopher Eager, Resouro’s Chief Executive Officer. “This financing will allow us to build on the momentum of that announcement, by starting scoping studies for the PFS and conducting further metallurgical testwork to improve the titanium and rare earths recoveries at Tiros."
All of the common shares issued under the Offering will be subject to a four-month resale restriction in accordance with applicable securities laws. The Company expects to close the Offering in one or more tranches with the initial closing to occur on or about July 20, 2026. The Company may pay finders fees to eligible and qualified persons who introduce subscribers to the Offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange.
The Offering is also being conducted using the Company’s placement capacity pursuant to ASX Listing Rule 7.1. No Related Parties or their Associates are participating in the Offering.
None of the securities to be issued in the Offering have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and such securities may not be offered or sold within the United States, except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any of such securities of the Company in the United States.
This announcement has been authorized for release by the Board of Directors.
Contact Information:
Christopher Eager
Chief Executive Officer
chris.eager@resouro.com
About Resouro Strategic Metals (TSXV: RSM, ASX: RAU, FSE: 8TX)
Resouro is a Canadian mineral exploration and development company focused on the discovery and development of economic mineral projects in Brazil. Its flagship property is the Tiros Project in Minas Gerais, one of the most mining-friendly and infrastructurally developed states in Brazil. Tiros is a large-scale titanium and rare earth project, with a JORC-compliant Mineral Resource Estimate and a Preliminary Economic Assessment demonstrating robust economics for a starter operation. Resouro is also developing the Novo Mundo gold project, located in Mato Grosso state.
Forward-Looking Information
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. All statements other than statements of historical fact, included in this news release are forward-looking information that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; changes in national and local government legislation, controls, regulations and political or economic developments in countries in which the Company carries on or may carry on business in the future; actual results of exploration activities; estimation or realization of mineral reserves and resources; timing and amount of estimated future production; costs of production; development of acquired mineral deposits; possible variations in mineral grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; title disputes; the timing and possible outcome of pending litigation and the possibility of new litigation; risks associated with international operations; risks related to joint venture operations or other material customer or supply agreements; risks related to the integration of acquisitions; fluctuations in the currency markets; operating or technical difficulties in connection with mining activities; mineral exploration and development, including the risks of obtaining necessary licenses and permits; geological, technical and drilling problems; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; changes in tax laws and incentive programs relating to the mining industry; and the other factors described in our public filings available at www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the ASX, TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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