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Cascadia Announces Closing of C$4.1M Private Placement
Cascadia Minerals Ltd. ("Cascadia") (TSXV: CAM) (OTCQB: CAMNF) is pleased to announce that it has closed its previously announced non-brokered private...
About this update from Cascadia Minerals Ltd
[{"type":"text","content":"VANCOUVER, BC, Dec. 22, 2025 /CNW/ - Cascadia Minerals Ltd. ("Cascadia") (TSXV: CAM) (OTCQB: CAMNF) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") of up to $4,106,667 that was led by strategic investor Michael Gentile, Cascadia's largest shareholder, who now holds approximately 13.1% on a partially diluted basis.","length":406,"tagName":"p"},{"type":"image","alt":"Cascadia Minerals Ltd. logo (CNW Group/Cascadia Minerals Ltd.)","displaySize":"","headline":null,"caption":"Cascadia Minerals Ltd. logo (CNW Group/Cascadia Minerals Ltd.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":206,"url":"https://media.zenfs.com/en/cnwgroup.com/26cfb469b0e507c7121f4067fa9b50d2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/p3fzTtwiZFUcN07Sgj9eAg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM2MztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/26cfb469b0e507c7121f4067fa9b50d2","width":400,"height":206}},"href":"https://mma.prnewswire.com/media/2850781/Cascadia_Minerals_Ltd__Cascadia_Announces_Closing_of_C_4_1M_Priv.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Offering consisted of the sale of:","length":38,"tagName":"p"},{"type":"text","content":"a) 6,666,667 non-flow-through units (the "NFT Units") at a price of $0.15 per NFT Unit, for total gross proceeds of $1,000,000.05; and","length":144,"tagName":"p","attribs":{}},{"type":"text","content":"b) 13,333,333 critical minerals flow-through units (the "CFT Units") at a price of $0.233 per CFT Unit for total gross proceeds of $3,106,666.59.","length":155,"tagName":"p","attribs":{}},{"type":"text","content":""With this financing closed, Cascadia is in a strong financial position for 2026. Our planned 15,000 m resource expansion and exploration drill program at our road-accessible Carmacks copper-gold property in central Yukon is fully funded. Results for an additional 7 holes that hit copper mineralization at the Carmacks property are expected in January, and planning is underway for commencement of 2026 drilling in early spring," stated Graham Downs, Cascadia's President and CEO. "I would like to extend a sincere thank you to our shareholders for their continued strong support. 2025 has been a transf...