Falcon Energy Materials PLC Closes C$25 Million Private Placement To Accelerate Project Development And Welcomes Significant New Shareholders

About this update from Falcon Energy Materials Plc

Falcon Energy Materials PLC Closes C$25 Million Private Placement To Accelerate Project Development And Welcomes Significant New Shareholders (TheNewswire)     Abu Dhabi, United Arab Emirates, February 20, 2026 – TheNewswire - Falcon Energy Materials plc (TSX-V: FLCN) (OTCQB: FLCNF) (“Falcon” or the “Company”) is pleased to announce the closing of its previously announced non-brokered private placement (the “Private Placement”) of 41,666,666 units (the “Units”) of Falcon, at a price of C$0.60 per Unit for gross proceeds of C$25,000,000. Each Unit is comprised of one ordinary share of the Company (a “Share”) and one share purchase warrant (a “Warrant”). Each Warrant grants the holder the right to purchase one additional Share (a “Warrant Share”) at a price of C$0.75 per Warrant Share for a period of 36 months from the date of closing. “We are extremely pleased with the strong investor confidence demonstrated by the successful closing of this Private Placement,” said Matthieu Bos, Chief Executive Officer of Falcon. “We are grateful to our existing shareholders for their continued support, including La Mancha Resource Fund’s exercise of its anti-dilution rights, and we are pleased to welcome significant new investors such as Argentem Creek Partners from the United States of America and several high-profile investors from the Middle East and Europe. The support shown by participants in this private placement will enable us to advance rapidly the development of our project in Morocco.” As of the closing of the Private Placement the Company’s largest shareholder, La Mancha Investments S.à.r.l. (“La Mancha”) will have a 24.1% interest in the Company based on the fully diluted number of Shares outstanding.   The proceeds from the Private Placement will be used to advance the development of the Company’s strategic projects in Morocco, as well as for general working capital requirements. All securities issued under the Private Placement will be subject to a statutory four-month hold period in accordance with applicable Canadian securities laws until June 21, 2026. Notably, no commissions were paid in connection with the Private Placement. Neither the Units, the Shares, the Wa...

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