March 27, 2026 News Release - Blast Resources Closes Upsized Private Placement
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Blast Resources Closes Upsized Private Placement
Vancouver, British Columbia, March 27, 2026 – Blast Resources Inc. (“Blast” or the “Company”)
(CSE: BLST | FSE: O0E | OTCQB: BLSRF ) is pleased to announce that the Company has closed
its previously announced upsized non-brokered private placement offering (the “Offering”) by
issuing 4,240,000 units (each, a “ Unit”) of the Company at a price of $0.25 per Unit for gross
proceeds of $1,060,000.
Each Unit is comprised of one common share of the Company and one transferable common
share purchase warrant (a “ Warrant”). Each Warrant entitles the holder to purchase one
additional common share of the Company at a price of $0.35 per common share until March 26,
2028, subject to acceleration.
The Warrants are 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, 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 Wa rrants 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 project, operational needs , working capital and general corporate
purposes.
All securities to be issued under the Offering are subject to a four month hold period in
accordance with applicable Canadian securities laws and the policies of the Canadian Securities
Exchange (the “CSE”).
About Blast Resources Inc.
Blast is a mineral exploration company trading on the C SE. The Company owns several claims
and holds an option on additional claims comprising a mineral exploration project in
Saskatchewan. The project is located near Highway 955 south of Wales Lake and sits just
outside the southwest margin of the Athabasca Basin.
ON BEHALF OF THE BOARD
Casey Forward
President and CEO
For further information, please contact:
Blast Resources Inc.
E-mail: [email protected]
Phone: 778-688-1799
Website: www.blastresources.com
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 news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any
sale of any of the Company’s securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful, including any of the securities in the United States of America. The Company’s securities have not
been and will not be registered under the United States Securities Act of 1933, as amended (the " 1933 Act") or
any state securities laws and may not be offered or sold within the United States or to, or for account or benefit
of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and
applicable state securities laws, or an exemption from such registration requirements is available.
Forward Looking Statements
This press release contains certain forward -looking statements, including statements regarding the Offering
and the intended use of funds. The words "expects," "anticipates," "believes," "intends," "plans," "will," "may,"
and similar expressions are intended to identify forward -looking statements. Although the Company believes
that its expectations as reflected in these forward-looking statements are reasonable, such statements involve
risks and uncertainties. Actual results may differ materially from those expressed or implied in these
statements due to various factors, including, but not limited to, changes in global uranium demand, political
and regulatory risks in Canada, operational and exploration risks, market conditions, and the availability of
financing. Readers are cautioned not to place undue reliance on forward-looking statements, which are made
as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward -
looking statements, whether as a result of n ew information, future events, or otherwise, except as required by
applicable securities laws.