BTU Closes Oversubscribed Financing
Suite 1240, 789 West Pender St. Vancouver, British Columbia
BTU Closes Oversubscribed Financing
March 23, 2026, Vancouver, BC, Canada – BTU METALS CORP. (“BTU” or the “Company”) (BTU-TSX:V BTUMF-
OTC) BTU Metals Corp. (“BTU” or the “Company”) (TSX-V: BTU | OTC: BTUMF) is pleased to announce it has
closed its previously announced non-brokered private placement (see news release dated March 17, 2026),
which is oversubscribed, for aggregate gross proceeds of $663,900 (the “Private Placement”). The financing
consisted of 11,065,000 units (the “Units”) priced at $0.06 per Unit.
Proceeds raised from the Offering will be used to advance exploration programs across its Ontario project
portfolio, including Red Lake and Wawa, and for general working capital
Each unit comprises one common share of the company and one-half of one common share purchase warrant.
Each whole warrant shall entitle the holder thereof to acquire one common share of BTU at a price of $0.10 for
a period of 12 months following the closing of the offering.
In connection with the oversubscribed offering, the Company paid finders' fees to eligible finders consisting of
$16,981.20 in cash and 283,020 non-transferable common share purchase warrants. Each finder warrant is
exercisable to acquire one common share in the capital of the company at an exercise price of $0.075 per
common share for a period of 12 months from the date of issuance.
A senior officer of the Corporation has subscribed for an aggregate of 170,000 Units as part of the Private
Placement, which participation constitutes a "related party transaction" within the meaning of Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") and Policy 5.9
of the TSXV. The Corporation is relying on the exemption for a formal valuation under section 5.5(b) of MI 61-
101 (trading on the TSXV), and on the exemption for minority shareholder approval under section 5.7(1)(b) of
MI 61-101 (fair market value of less than $2,500,000).
The securities issued under the offering, and any Shares that may be issuable on exercise of any such securities,
will be subject to a statutory hold period expiring four months and one day from the date of issuance of such
securities. Closing of the offering is subject to approval of the TSX Venture Exchange.
Paul Wood, CEO of BTU Metals Corp., stated “We are pleased to close this oversubscribed financing and
welcome new shareholders to BTU. With this funding, alongside our recent flow-through financing, we are well-
positioned to advance exploration across our Red Lake and Wawa projects and build on the momentum outlined
in our February 12 update.”
Bruce Durham, P. Geo., VP Exploration of the Company is a qualified person as defined by National Instrument
43-101 and has reviewed and approved the technical information in this press release.
About BTU
BTU Metals Corp. is a junior mining exploration company. BTU’s primary assets are the Dixie Halo Project located
in Red Lake, Ontario (optioned to Kinross) immediately adjacent to the Kinross Great Bear Project and its gold
and critical minerals properties in the active Wawa gold district. The Company continues to look to acquire high
quality exploration projects to add to its portfolio for the benefit of its stakeholders. The Company has no debt
and minimal property obligations.
ON BEHALF OF THE BOARD
“Paul Wood”
Paul Wood, CEO, Director
BTU Metals Corp.
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved
or disapproved the information contained herein. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates
and projections as at the date of this news release. The information in this release about future plans and objectives of the Company is forward-looking information.
Other forward-looking information includes but is not limited to information concerning: the intentions, plans and future actions of the Company.
Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance
(often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”,
“forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”,
“might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-
looking information.
This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: risks relating to the global
economic climate; dilution; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for
the Company to manage its planned growth and expansion; the effects of product development; protection of proprietary rights; the effect of government regulation
and compliance on the Company and the industry; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing
the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. The Company has also assumed that no significant
events occur outside of the normal course of business. Although the Company has attempted to identify important factors that could cause actual results to differ
materially, 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 information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.