Excalibur Metals Announces Upsize of Private Placement Financing

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[{"type":"text","content":"Excalibur Metals Announces Upsize of Private Placement FinancingVancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - Excalibur Metals Corp. (TSXV: EXCL) (\"Excalibur\" or the \"Company\") announces that further to its news release of March 12, 2026, it has increased the size of its previously announced non-brokered private placement (the \"Offering\") to up to 18,000,000 units (the \"Units\"), with each Unit consisting of one common share and one-half of one common share purchase warrant (each full common share purchase warrant, a \"Warrant\") at a price of $0.20 per Unit for aggregate gross proceeds of up to $3.6 million. Each full Warrant shall entitle the holder thereof to acquire one additional common share at a price of $0.30 for a period of twenty-four (24) months from the closing date of the Offering. All securities issued in connection with the Offering will be subject to a hold period of four months from the date of issuance.The net proceeds of the Offering will be used for exploration expenditures, working capital, investor relations and general & administrative expenditures. Finder's fees of 7% in cash and 7% in non-transferrable finder warrants exercisable at a price of $0.30 for a period of twenty-four (24) months from the closing date of the Offering, may be paid on a portion of the Offering in accordance with the policies of the TSX Venture Exchange.Excalibur intends to close the Offering during March 2026, or such date as the Company may determine. Closing of the Offering is subject to approval of the TSX Venture Exchange. This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.About Excalibur Metals Corp.Excalibur Metals Corp. is a Canadian company focused on exploring for precious metals within established mining areas in the Western United States. The Company has acquired the option to purchase 100% of the Bellehelen Project in Nye County, Central Nevada. The claims cover most of the historic Bellehelen Mining District, where gold and silver were initially discovered and ...

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