Business
Eastport Announces Completion of Financing with Lead Participation from Commodity Capital AG
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Eastport Critical Metals Corp...
About this update from Eastport Critical Metals Corp.
[{"type":"text","content":"Eastport Announces Completion of Financing with Lead Participation from Commodity Capital AGVancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Eastport Critical Metals Corp. (TSXV: EVI) (\"Eastport\" or the \"Company\") is pleased to announce it has closed its previously announced non-brokered private placement (the \"Offering\"). The Company has raised $2,000,000 consisting of 2,500,000 units (each, a \"Unit\") at a price of $0.80 per Unit. Each Unit consists of one common share in the capital of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Each Warrant is exercisable into one Common Share at a price of $1.00 per Warrant for a period of three years from the date of issuance, subject to adjustment in certain events.The Company intends to use the proceeds of the Offering for exploration and development activities at the Company's projects in Botswana and for general working capital purposes. CEO, Burns Singh Tennent-Bhohi commented, \"The closing of this strategic financing marks a transformative milestone for Eastport, validating the robust foundation we've built over years of preparation and development in Botswana. We are profoundly grateful for the participation of Commodity Capital AG-one of the world's premier and most successful natural resource investment fund managers-as it serves as a powerful endorsement of our strategy and potential. On behalf of the entire Eastport team, I extend a warm welcome to Commodity Capital AG as a valued shareholder and offer our deepest thanks for this strategic investment. It extends our working capital runway, empowering us to press forward with unwavering determination in delivering value to our shareholders through our critical metal's portfolio.Having just returned from Botswana, where the energy on the ground is palpable, Eastport is accelerating ambitious, well-defined exploration and development programs in lockstep with our core objective: 'Develop and Distribute.' Team morale is strong as we advance multi-asset drill campaigns across key critical metals-copper, uranium, and rare earth elements-for which the Company expect to provide updates in the coming weeks.\"All securities issued with respect to the Offering are subject to a hold period of four months and one day from the date of issuance in accordance with applicable...