Blast Resources Announces LIFE Offering
Blast Resources Announces LIFE Offering
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES
Vancouver, British Columbia – (December 10, 2025) – Blast Resources Inc. (“Blast” or the “Company”)
(CSE: BLST) is pleased to announce a non-brokered private placement offering (the “Offering”) for minimum
gross proceeds of $200,000 and up to a maximum of $215,000, consisting of a minimum of 800,000 units of
the Company (each, a “Unit) and up to a maximum of 860,000 Units at a price of $0.25 per Unit.
Each Unit will consist of one common share in the capital of the Company and one transferrable common
share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire an additional common
share at a price of $0.35 for a period of 24 months following the closing of the Offering. The Warrants will
additionally be restricted from exercise until the 61st day following the closing of the Offering (the “Exercise
Restriction Period”) and are also subject to acceleration.
The Warrants will be subject to an acceleration right held by the Company, such that if the closing price of
the Company’s shares is at or exceeds $0.50 for a period of 10 consecutive trading days, the Company may,
at any time after such an occurrence but not before the expiry of the Exercise Restriction Period, give written
notice (via news release) to the holders of the Warrants that the Warrants will expire at 5:00 p.m. (Vancouver
time) on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon
receipt of such notice, the holders of the Warrants will have 30 days to exercise their Warrants and any
Warrants that remain unexercised will expire.
The proceeds raised from the Offering are expected to be used for exploration activities at the Company’s
Wales Lake property and working capital and general corporate purposes.
In connection with the Offering, the Company may pay finders’ fees to eligible arm’s length parties
consisting of a cash fee equal to 10% of the gross proceeds raised under the Offering.
The Units will be offered by way of the listed issuer financing exemption under Part 5A of National
Instrument 45-106 – Prospectus Exemptions (“ NI 45-106”) in all of the provinces and territories of
Canada, excluding Quebec. Pursuant to NI 45 -106, the securities forming part of the Units issued to
Canadian residents under the Offering will not be subject to resale restrictions. The Company is relying
on the exemptions in Coordinated Blanket Order 45 -935 – Exemptions from Certain Conditions of the
Listed Issuer Financing Exemption (the “ Order”) and is qualified to distribute securities in reliance on
the exemptions included in the Order.
There is an offering document related to the Offering that will be made available under the Company's
profile on SEDAR+ at www.sedarplus.com and on the Company’s website at www.blastresources.com.
Prospective investors should read this offering document before making an investment decision.
The Offering is expected to close on or about December 31, 2025, or such other date that is within 45 days
from December 10, 2025, as the Company may decide. The Offering remains subject to certain conditions,
including, but not limited to, the receipt of all necessary approvals, and compliance with the policies
of the Canadian Securities Exchange (the “CSE”).
Grant of Stock Options and RSUs
The Company also announces that it has granted an aggregate of 600,000 stock options (“Options”) and
1,100,000 restricted share units (“RSUs”) to certain consultants and a director of the Company pursuant to
its omnibus equity incentive plan. The Options are exercisable at a price of $0.25 per share and expire three
years from the date of grant. The Options and RSUs vest immediately upon the grant.
The Options, RSUs and the underlying shares are subject to a four month hold period in accordance with
applicable Canadian securities laws and the policies of the CSE.
About Blast Resources Inc.
Blast is a mineral exploration company trading on the CSE. The Company has an option over a mineral
exploration project in Saskatchewan focused on uranium exploration in the Athabasca Basin. The project is
located near Highway 955 south of Wales Lake and sits just outside the southwest margin of the Basin.
ON BEHALF OF THE BOARD
James Casey Forward
President and CEO
For further information, please contact:
E-mail: [email protected]
Phone: 778-688-1799
Website: www.blastresources.com
Forward-Looking Statements:
Certain information contained herein constitutes “forward-looking information” under Canadian securities
legislation. Forward-looking information includes, but is not limited to: the Offering, completion of the
Offering, the expected closing date of the Offering and the use of proceeds of the Offering. Generally, forward-
looking information can be identified by the use of forward-looking terminology such as “anticipates”,
“anticipated” “expected” “intends” “will” or variations of such words and phrases or statements that certain
actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates
of management as of the date such statements are made and they are from those expressed or implied by
such forward-looking statements or forward-looking information subject to known and unknown risks,
uncertainties and other factors that may cause the actual results to be materially different, including receipt
of all necessary regulatory approvals. Although management of the Company have attempted to identify
important factors that could cause actual results to differ materially from those contained in forward-looking
statements or forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking
information. The Company will not update any forward-looking statements or forward-looking information
that are incorporated by reference herein, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed this press release and does not accept
responsibility for the adequacy or accuracy of this news release.
This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the
United States. The distribution of Blast securities in connection with the transactions described herein
will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act") and Blast
securities may not be offered or sold in the United States absent registration or an applicable exemption
from the registration requirements of the U.S. Securities Act and applicable state securities laws. This
press release shall not constitute an offer to sell or the solicitation of an offer to buy Blast securities, nor
shall there be any offer or sale of Blast securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful.