Cascadia Announces Closing of C$4.1M Private Placement
Cascadia Announces Closing of C$4.1M
Private Placement
VANCOUVER, BC
,
Dec. 22, 2025
/CNW/ - Cascadia Minerals Ltd. ("
Cascadia
") (TSXV: CAM)
(OTCQB: CAMNF) is pleased to announce that it has closed its previously announced non-brokered
private placement (the "
Offering
") of up to
$4,106,667
that was led by strategic investor
Michael
Gentile
, Cascadia's largest shareholder, who now holds approximately 13.1% on a partially diluted
basis.
The Offering consisted of the sale of:
a) 6,666,667 non-flow-through units (the "
NFT Units
") at a price of
$0.15
per NFT Unit, for
total gross proceeds of
$1,000,000.05
; and
b) 13,333,333 critical minerals flow-through units (the "
CFT Units
") at a price of
$0.233
per
CFT Unit for total gross proceeds of
$3,106,666.59
.
"With this financing closed, Cascadia is in a strong financial position for 2026. Our planned
15,000
m
resource expansion and exploration drill program at our road-accessible Carmacks copper-gold
property in central
Yukon
is fully funded. Results for an additional 7 holes that hit copper
mineralization at the
Carmacks
property are expected in January, and planning is underway for
commencement of 2026 drilling in early spring,"
stated
Graham Downs
, Cascadia's President and
CEO.
"I would like to extend a sincere thank you to our shareholders for their continued strong
support. 2025 has been a transformational year for Cascadia, and we are very well positioned to
take advantage of rising metal prices with steady news flow and a very active exploration season
in 2026."
Each NFT Unit comprised one common share and one-half of one common share purchase warrant
(each whole such common share purchase warrant, a "
Warrant
"). Each whole warrant is
exercisable into one additional common share until
December 22, 2028
at an exercise price of
$0.20
per Warrant. Each CFT Unit comprised one flow-through common share (a "
CFT Share
") and one-
half of a Warrant.
Each CFT Share qualifies as a "flow-through share" within the meaning of subsection 66(15) of the
Income Tax Act
(
Canada
) ("
Tax Act
"). The gross proceeds from the issuance and sale of the CFT
Shares will be used for "Canadian exploration expenses" that qualify as "flow-through critical mineral
mining expenditures", as both terms are defined in the Tax Act (the "
Qualifying Expenditures
").
The Qualifying Expenditures will be incurred on or before
December 31, 2026
, and will be renounced
to the subscribers with an effective date no later than
December 31, 2025
, in an aggregate amount
not less than the gross proceeds raised from the issuance of the CFT Shares.
The proceeds from the sale of CFT Units will be used for critical minerals exploration primarily at the
Carmacks Property. A portion of proceeds from the sale of CFT Units may be used for exploration
at Cascadia's Catch, Macks, Milner, and Idaho Creek properties. The proceeds from the sale of
NFT Units will be used for general working capital.
Cascadia paid cash finders' fees totaling
$12,000
and issued a total of 80,000 finder warrants
("
Finder Warrants
") to Castlewood Capital Corp. of
Toronto, ON
and Ventum Financial Corp. of
Vancouver, BC
in connection with the financing. All securities issued as part of the Offering will be
subject to a hold period in
Canada
of four months plus one day from the closing of the Offering.
About Cascadia
Cascadia's flagship asset is the 177 km
2
Carmacks Project, located within the Traditional Territory
of the Little Salmon Carmacks and Selkirk First Nations, 35 km southeast of the past producing
Minto Mine. The Carmacks Project is road-accessible, via a 13 km access road which extends from
the government-maintained Freegold Road northwest of the town of
Carmacks
in central
Yukon
. The
project has an existing 40-person camp, numerous roads throughout the property, and is 10 km from
grid power.
The Carmacks Main Deposit has a Measured and Indicated Resource containing 651 Mlbs of
copper and 302 koz of gold (36.3 million tonnes grading 0.81% copper, 0.26 g/t gold, 3.23 g/t silver
and 0.01% molybdenum) or 1.07% copper equivalent, and an Inferred Resource containing 38 Mlbs
of copper and 13 koz of gold (2.9 Mt grading 0.60% copper, 0.16 g/t gold, 2.34 g/t silver and 0.02%
molybdenum). A 2023 preliminary economic assessment demonstrated positive economic potential,
with a
$230.4 M
post-tax NPV
(5%)
and 29% post-tax IRR at
US$3.75
/lb copper and
US$1,800
/oz
gold. A second case evaluated at
$4.25
/lb copper and
$2,000
/oz gold returned a
$330.1 M
post-tax
NPV
(5%)
and 38% after-tax IRR.
Cascadia also has a pipeline of discovery stage copper-gold properties throughout the Yukon Stikine
Terrane including its Catch Property, which hosts a copper-gold porphyry discovery where inaugural
drill results returned broad intervals of mineralization (
116.60 m
of 0.31% copper with 0.30 g/t gold).
High-grade copper and gold mineralization is found at surface over 5 km long trend, with grab
samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver.
QA/QC
The technical information in this news release has been approved by
Andrew Carne
, P.Eng., VP
Corporate Development for Cascadia and a qualified person for the purposes of National Instrument
43-101.
The Mineral Resources and economic analysis disclosed here are referenced from the 2023
Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS
Canada Inc. Pricing for the Carmacks Project PEA base case economic analysis was US
$3.75
/lb
copper, US
$1,800
/oz gold, and US
$22
/oz silver at an exchange rate of
$1
:
US$0.75
. The results of
the
Carmacks
preliminary economic assessment are preliminary in nature, it includes inferred mineral
resources that are considered too speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as mineral reserves, and there is no
certainty that the preliminary economic assessment will be realized.
Results referenced in this release represent highlights only. Below detection values for gold, copper,
silver and molybdenum have been encountered in drilling, soil and rock samples in these target
areas. Readers are cautioned that grab samples are selective by nature and are not necessarily
representative of the grade of mineralization on the property. Copper equivalent calculations use
metal prices of
US$4.00
/lb for copper,
US$2,500
/oz for gold and
US$30
/oz for silver. Recovery
factors of 82% for copper, 70% for gold, and 69% for silver were used, based on recovery
projections from the 2023 PEA study.
On behalf of Cascadia Minerals Ltd.
Graham Downs
, President and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Cautionary note regarding forward-looking statements:
This press release may contain "forward-looking information" within the meaning of applicable
securities laws. Readers are cautioned to not place undue reliance on forward-looking information.
Actual results and developments may differ materially from those contemplated by these
statements. The statements in this press release are made as of the date of this press release.
The Company undertakes no obligation to update forward-looking information, except as required
by securities laws.
SOURCE
Cascadia Minerals Ltd.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/December2025/22/c3033.html
%SEDAR: 00057245E
For further information:
For further information, please contact: Andrew Carne, M.Eng., P.Eng.,
VP Corporate Development, Cascadia Minerals Ltd., T: 604-688-0111 ext. 106,
CO: Cascadia Minerals Ltd.
CNW 18:57e 22-DEC-25