Trailbreaker Resources Ltd. has announced an increase to its non-brokered private placement offering, raising the total from $3 million to $3.5 million following oversubscription. The offering, initially disclosed on February 26, 2026, will now consist of two types of flow-through units, subject to acceptance by the TSX Venture Exchange. All securities issued will be subject to a standard four-month plus one day hold period in Canada from the closing date.
The financing comprises up to 2,500,000 CMETC flow-through units priced at $0.56 each, aiming to raise up to $1.4 million. Each CMETC FT Unit includes one CMETC FT common share and one-half of a common share purchase warrant, with each full warrant exercisable at $0.50 for 24 months for one non-flow-through common share. Additionally, up to 4,200,000 flow-through units are offered at $0.50 each to raise up to $2.1 million, with similar warrant terms. Both unit types qualify as "flow-through shares" under subsection 66(15) of the Income Tax Act (Canada), providing tax benefits to investors by allowing the company to renounce eligible exploration expenses.
Proceeds will be used to fund critical mineral exploration expenses, with the company committing to use an amount equal to the gross proceeds to incur eligible "Canadian exploration expenses." For the FT Units, these qualify as "flow-through mining expenditures," while the CMETC FT Units qualify as "flow-through critical mineral mining expenditures" under the Tax Act. For eligible British Columbia purchasers, these also meet the criteria for "BC flow-through mining expenditures" under subsection 4.721(1) of the Income Tax Act (British Columbia), specifically for exploration on the company's properties in British Columbia.
The qualifying expenditures are scheduled to be incurred on or before December 31, 2027, and will be renounced to initial purchasers effective December 31, 2026. This structure incentivizes investment in mineral exploration by transferring tax deductions to investors, aligning with governmental priorities to bolster domestic critical mineral supply chains. The funds will advance the company's various exploration projects, potentially contributing to resource development in a sector increasingly viewed as strategically important for economic security and technological advancement.
For new information about the company's projects, please visit TrailbreakerResources.com. The original release can be viewed on www.newmediawire.com. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
