Business
Abacus Announces Increase to Financing
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Further to its news release dated December 8, 2025, Abacus Mining & Exploration Corporation...
About this update from Abacus Mining & Exploration Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 6, 2026) - Further to its news release dated December 8, 2025, Abacus Mining & Exploration Corporation (TSXV: AME) ("Abacus" or the "Company") is increasing the size of its non-brokered private placement ("Offering") from 12,000,000 units to 13,850,000 units of the Company ("Units") at a price of $0.025 per Unit, for gross proceeds of up to $346,250.","length":457,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share of the Company and one half of one non-transferable common share purchase warrant, with each warrant exercisable to purchase one common share of the Company at a price of $0.05 per common share for a period of 3 years from the date of closing of the Offering.","length":302,"tagName":"p"},{"type":"text","content":"Proceeds from the Offering will be applied towards general working capital purposes. The Company holds a 20% interest carried to production in the advanced Ajax copper-gold development project in B.C. (see News Release dated December 1, 2025). In mid-2024 it acquired 100% of the Willow copper-molybdenum property, after exploring it for several years under an option, and it holds a lease on the adjacent Nev-Lorraine copper-molybdenum property both near Yerington, Nevada. Investors are referred to the Company website for the latest news and project descriptions.","length":566,"tagName":"p"},{"type":"text","content":"The Offering is being conducted pursuant to available prospectus exemptions, including the exemption to existing shareholders of Abacus who are permitted to subscribe pursuant to British Columbia Instrument 45-534 - Exemption from Prospectus Requirement for Certain Trades to Existing Security Holders. If total subscriptions received for the Offering exceed the maximum Offering amount of $346,250, Units will be allocated pro rata among all subscribers qualifying under all available exemptions, unless the Company otherwise increases the maximum Offering amount.","length":565,"tagName":"p"},{"type":"text","content":"Certain insiders of the Company may acquire securities under the Offering. Any such participation will be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in ...