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North Atlantic Titanium Closes Final Tranche of $1.25 Million Private Placement Financing to Advance the Everett Titanium Project in Quebec
Vancouver, British Columbia – TheNewswire - January 21, 2026 – North Atlantic Titanium Corp. (CSE:NATO) (OTCPK: MUZU.F) (FSE:Y33) ("North Atlantic Titanium" or
About this update from North Atlantic Titanium Corp
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - January 21, 2026 – North Atlantic Titanium Corp. (CSE:NATO) (OTCPK: MUZU.F) (FSE:Y33) (\"North Atlantic Titanium\" or the “Company”), is pleased to announce that the Company has closed the final tranche of its previously announced upsized and oversubscribed non-brokered offering (the “Offering”) for gross proceeds of $750,000, pursuant to which the company issued 12,500,000 units of the Company (the “Units ”) at a price of $0.06 per Unit. Pursuant to the Offering, the Company raised aggregate gross proceeds of $1,250,000 in a combination of: a) 12,500,000 Units of the Company at a price of $0.06 per Unit. Each Unit consists of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”); and b) 6,250,000 flow-through units of the Company (the “FT Units”) at a price of $0.08 per FT Unit. Each FT Unit consists of one Common Share that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) and one Warrant. Each Warrant entitles the holder thereof to purchase one Common Share (a “Warrant Share”) at an exercise price of $0.10 per Warrant Share for a period of 24 months from the date of issuance. The net proceeds from the sale of Units will be used to fund the initial option payment for the Everett titanium property in Quebec (the “Everett Property”), working capital and general corporate purposes. The gross proceeds from the sale of FT Units will be used for surface exploration, metallurgical testing, and verification of historical exploration work at the Everett Property. Upon permitting, diamond drilling is planned for selected locations in the northern extremity of the Everett oxide body. Dwayne Yaretz, CEO of North Atlantic Titanium, commented “We are pleased to have successfully closed this offering and would like to sincerely thank our existing shareholders for their continued support, while also welcoming new shareholders to the Company. This represents a significant milestone in advancing our project and creating long-term value for our shareholders as we work to unlock the potential of the Everett project to strengthen and reshore Western critical mineral supply of high-value titanium metal.” The entire gross proceeds from the issue and sale of the FT Units will be used f...