Business
Closing of Flow-Through Private Placement and Public Offering of Common Shares for Gross Proceeds of Approximately C$138 Million
February 20, 2026 – Sydney, Australia
About this update from Pmet Resources Inc.
[{"type":"text","content":"/NOT FOR RELEASE TO U.S. NEWS WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES/","length":81,"tagName":"p","attribs":{}},{"type":"text","content":"MONTREAL, Feb. 20, 2026 /PRNewswire/ -- February 20, 2026 – Sydney, Australia","length":77,"tagName":"p"},{"type":"image","alt":"Ressources PMET Logo","displaySize":"","headline":null,"caption":"Ressources PMET Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":214,"url":"https://media.zenfs.com/en/prnewswire.com/dc1730de06184e5ab7fa2ddff13bb4a3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1tXEqQYT1gIwk5CKE2UnSQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM3NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/dc1730de06184e5ab7fa2ddff13bb4a3","width":400,"height":214}}},{"type":"text","content":"Highlights ","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Successful closing of the previously announced financings, strengthening PMET's balance sheet to fund the next phase of exploration and development at the Shaakichiuwaanaan Project following recent exploration success.","length":227,"tagName":"p"}]},{"val":[{"type":"text","content":"Proceeds will underpin the delivery of an updated and optimized CV5 Feasibility Study with the inclusion of tantalum as a co-product, and advance CV13 towards preliminary economic assessment, inclusive of lithium, caesium and tantalum.","length":240,"tagName":"p"}]},{"val":[{"type":"text","content":"The proceeds will significantly de-risk the Company's funding requirements as it advances towards a Final Investment Decision ("FID") while preserving strategic flexibility.","length":187,"tagName":"p"}]},{"val":[{"type":"text","content":"Offerings consisted of: (i) public offering of common shares for aggregate gross proceeds of ~ C$65 million at a price of C$5.66 per common share (the "Prospectus Offering"), and (ii) concurrent private placement of flow-through shares for aggregate gross proceeds of ~ C$65 million conducted at a price of ~ C$9.30 per common share representing a 48% premium to the Company's last traded share price on the Toronto Stock Exchange ("TSX") as of February 6, 2026 (the "Flow-Through Offering" and, together with the Prospectus Offering, the "Offerings").","length":601,"tagN...