EDM Strengthens Treasury with $1.5 Million of Warrant Exercises BY Directors, Insiders and Major Shareholders
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NEWS RELEASE JUNE 24, 2026
EDM STRENGTHENS TREASURY WITH $1.5 MILLION OF WARRANT EXERCISES BY DIRECTORS,
INSIDERS AND MAJOR SHAREHOLDERS
Halifax, Nova Scotia, June 24, 2026 – EDM Resources Inc. (TSX-V: EDM; FSE: P3Z; OTCQB: EDMFF) (“EDM” or the
“Company”) is pleased to announce that certain directors, insiders and major shareholders have exercised common share
purchase warrants generating gross proceeds of approximately $1.5 million , providing significant additional capital to
advance the Scotia Mine, fund ongoing exploration and development activities, and strengthen the Company's working
capital position.
The President and CEO, Mr. Mark Haywood, commented: “We are extremely pleased with the strong support demonstrated
by our directors, officers, insiders and major shareholders through the exercise of approximately $1.5 million of warrants.
The additional capital significantly strengthens EDM's treasury, increases financial flexibility, and supports continued
advancement of key permitting, exploration and development initiatives while maintaining a disciplined approach to future
dilution. We believe this level of insider participation reflects continued confidence in the Company's strategy and the long-
term value potential of the Scotia Mine.”
The warrant exercises follow several recent corporate milestones achieved by the Company, including commencement of
trading on the OTCQB® Venture Market in the United States, advancement of the Fisheries Act Authorization review
process with the application currently under federal review, and commencement of gold exploration.
The Warrants were issued pursuant to the Company’s non-brokered private placement financings that closed on October 29,
2024, November 28, 2024 and November 12, 2025, with an exercise price of $0.14 per common share. Following the warrant
exercises, the Company has approximately 22.6 million warrants outstanding at an exercise price of $0.14 per common share,
representing potential additional proceeds of approximately $3.2 million if exercised.
With the proceeds from the warrant exercises added to its existing cash on hand, EDM has significantly strengthened its
treasury to advance the Scotia Mine in a disciplined and minimally dilutive manner, including supporting ongoing Fisheries
Act Authorization activities, advancement of an updated Pre-Feasibility Study, and continued development of the Company's
gold exploration program.
The Company intends to use the proceeds from warrant exercises to advance permitting and development activities at the
Scotia Mine, support the updated Pre-Feasibility Study, gold exploration activities, and general working capital purposes.
About EDM Resources Inc.
EDM is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near
Halifax, Nova Scotia. Through its wholly owned subsidiary, EDM also holds several prospective exploration licenses near
its Scotia Mine and in the surrounding regions of Nova Scotia.
The Company’s common shares are traded on the TSX Venture Exchange under the symbol “EDM”, the Frankfurt
Exchange under the symbol “P3Z”, and the OTCQB ® Venture Market under the symbol “EDMFF”. For more
information, please contact:
Mark Haywood President & Chief Executive Officer
Arnab De Chief Financial Officer
Manish Grigo Corporate Development
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Telephone +1 (902) 482 4481
Facsimile +1 (902) 422 2388
Email [email protected]
The Company’s corporate filings and technical reports can be viewed on the Company’s SEDAR+ profile at
www.sedarplus.ca.
Further information on EDM is also available on the Company’s website and social media channels as follows:
Internet at www.EDMresources.com
Facebook at https://www.facebook.com/EDMresources.inc
X at https://www.x.com/EDMresources
LinkedIn at https://www.linkedin.com/company/EDMresources
YouTube at https://youtube.com/@edmresources?si=Bvyighil3mSoOKnD
CAUTIONARY STATEMENTS
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.
This news release may contain forward-looking statements, including plans, objectives, estimates, and expectations
regarding EDM Resources Inc.’s future activities. Such statements are identified by words like “believes,” “expects,”
“plans,” “estimates,” “may,” “could,” or similar terms. Forward-looking statements are subject to risks, uncertainties, and
assumptions that could cause actual results to differ materially from those anticipated. These include, but are not limited
to, mineral resource estimates, exploration and development results, project timing, market conditions, commodity prices,
financing, and operational risks. For a discussion of risk factors, please refer to EDM’s Management Discussion and
Analysis for the year ended December 31, 2025. EDM does not guarantee the accuracy of forward-looking statements
and readers should not place undue reliance on them.