Business
New Earth Resources Closes Over Subscribed Flow-Through Private Placement
Vancouver, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- NEW EARTH RESOURCES CORP. (CSE: EATH) ("New Earth" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the “FT Offering”) of flow-through units (each, an “FT Unit”), raising gross proceeds of $1,089,950. Under the FT Offering, the Company issued an aggregate of 2,422,112 FT Units at a price of $0.45 per FT Unit. 1,222,112 of the FT Units are composed of one Class A comm
About this update from New Earth Resources Corp.
[{"type":"image","alt":"New Earth Resources Corp.","displaySize":"","headline":null,"caption":"New Earth Resources Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/ac9079c1f78af98cd3896731e9e2f5e8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/KTy3zxRzcyvlZgKTVLqd6g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/ac9079c1f78af98cd3896731e9e2f5e8","width":300,"height":300}},"lazy":false},{"type":"text","content":"Vancouver, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- NEW EARTH RESOURCES CORP. (CSE: EATH) ("New Earth" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the “FT Offering”) of flow-through units (each, an “FT Unit”), raising gross proceeds of $1,089,950.","length":351,"tagName":"p"},{"type":"text","content":"Under the FT Offering, the Company issued an aggregate of 2,422,112 FT Units at a price of $0.45 per FT Unit. 1,222,112 of the FT Units are composed of one Class A common share of the Company (each, a “Share”) and one Share purchase warrant (each, a “FT Unit Warrant”, entitling the holder to purchase one Share at a price of $0.60 per Share until December 22, 2028). The remaining 1,200,000 FT Units are composed of one Share and one-half of one FT Unit Warrant. Accordingly, under the FT Offering the Company issued an aggregate of 2,422,112 Shares and 1,822,112 FT Unit Warrants.","length":582,"tagName":"p"},{"type":"text","content":"“We are very excited to have completed and over-subscribed this financing, especially as we head into 2026 and the year ahead,” states Lawrence Hay, CEO of New Earth Resources.","length":176,"tagName":"p"},{"type":"text","content":"The Shares issued as part of the FT Units under the FT Offering are “flow-through” Shares. Accordingly, the proceeds received by the Company from the FT Offering will be used to incur eligible “Canadian exploration expenses” (“CEE”) that are “flow-through mining expenditures” (as such term is defined in the Income Tax Act (Canada)) on the Company’s mineral exploration properties located in Canada.","length":400,"tagName":"p"},{"type":"text","content":"In connection with the FT Offering, the Company paid aggregate cash finder’s fees of $76,796 an...