Fancamp Announces Intention to Launch Normal Course Issuer Bid
FANCAMP EXPLORATION LTD.
Website: www.fancamp.ca
News Release
December 9, 2025 TSX-V Trading Symbol: FNC
Fancamp Announces Intention to Launch Normal Course Issuer Bid
VANCOUVER, British Columbia – December 9, 2025 - Fancamp Exploration Ltd. (“ Fancamp” or
the “Corporation”) (TSX Venture Exchange: FNC) is pleased to announce that its Board of Directors
has authorized the Corporation to proceed with a normal course issuer bid (the “ NCIB”) to purchase
for cancellation, from time to time, as the Corporation considers advisable, up to 12,118,116 common
shares of the Corporation (“Common Shares”), representing approximately 5% of the Corporation’s
current issued and outstanding Common Shares. The NCIB is subject to approval of the TSX Venture
Exchange (the “TSX-V”), and the Corporation has filed with the TSX-V a notice of intention to make
the NCIB in this regard.
Rajesh Sharma, President and CEO of Fancamp, commented, “The NCIB demonstrates our
conviction that the current share price undervalues the Corporation and its future prospects, especially
as we move forward with the Spin Out process to create two compelling opportunities for
shareholders.”
Purchases of Common Shares will be made on the open market through the facilities of the TSX-V,
in compliance with regulatory requirements at the prevailing market price of the Common Shares at
the time of acquisition. The actual number of Common Shares that may be purchased for cancellation
and the timing of any such purchases will be determined b y the Corporation and dependent on
prevailing market conditions.
The Corporation intends to commence the NCIB as it believes that the market price of the Common
Shares may not fully reflect the value of its business and prospects, and as such it believes that
purchasing its own Common Shares for cancellation is an appropriate strategy for increasing long -
term shareholder value and represents an appropriate use of the Corporation’s financial resources.
Subject to receipt of TSX-V approval, the NCIB is expected to commence on or around December 16,
2025 and will end on the latest date that is 12 months after commencement of the NCIB , or at such
earlier time as the NCIB is completed or terminated at the option of Fancamp. The Corporation has
retained Ventum Financial Corp. as its broker to conduct the NCIB on its behalf.
To the Corporation’s knowledge, none of the directors, senior officers or insiders of the Corporation,
or any associate of such person, or any associate or affiliate of the Corporation, has any present
intention to sell any Common Shares under the NCIB.
Other Updates
The Corporation also announces that it has entered into an amending agreement (the “Amendment”)
to the previously announced option agreement (the “ Option Agreement”) with Harfang Exploration
Inc. (“Harfang”) whereby the Corporation, subject to the receipt of the final approval of the TSX -V,
has the option to acquire up to an 80% interest in the Egan mineral property situated in the gold-rich
Abitibi greenstone belt of Ontario (refer to news release dated November 12, 2025). The Amendment
clarifies that any Common Shares of Fancamp issuable to Harfang pursuant to the terms of the Option
Agreement shall be issued at such price per share equal to the volume weighted average trading price
per Common Shares on the TSX-V over a period of 10 trading days immediately preceding the date
of issuance , subject to a minimum deemed issue price equal to $0.064 per Common Share in
accordance with the policies of the TSX -V. All other provisions of the Option Agreement remain
unchanged.
About Fancamp Exploration Ltd. (TSX-V: FNC)
Fancamp is a Canadian mineral exploration company focused on creating value through medium term
growth and monetization opportunities with strategic interests in high potential mineral projects, a
royalty portfolio, and exploration properties. The Corporat ion is focused on an advanced asset play
poised for growth and selective monetization with a portfolio of mineral claims across Ontario, Québec
and New Brunswick, Canada; including copper, gold, zinc, titanium, chromium, strategic rare -earth
metals and oth ers. The Corporation has future monetization opportunities from its Koper Lake
transaction in the highly sought-after Ring of Fire in Northern Ontario. Fancamp holds 96% interests
in The Magpie Mines Inc., which owns the Magpie property, one of the world’s largest undeveloped
hard rock titanium (+V) deposits , per USGS data. Fancamp has investments in an existing iron ore
operation in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc.,
a copper–gold exploration company, PTX Metals Inc., an opportunity to develop an emerging gold -
copper exploration play with Lode Gold Resources Inc. in addition to an investment in a near term
cash flow generating zinc mine, EDM Resources Inc. in Nova Scotia. The Corporation recently entered
into option agreement with Harfang Exploration Inc. for the advancement of the Egan property, an
exceptional gold asset in Ontario’s Abitibi greenstone belt. Fancamp is developing an energy reduction
and titanium waste recycling technology with its advanced titanium extraction strategy. The
Corporation is managed by a focused leadership team with decades of mining, exploration and
complementary technology experience.
Further information on the Corporation can be found at: www.fancamp.ca
For Further Information
Rajesh Sharma, President & CEO
Tara Asfour, Director of Investor Relations
Cautionary Note Regarding Forward-Looking Information
Certain statements and information herein, including all statements that are not historical facts, contain
forward-looking statements and forward-looking information within the meaning of applicable
securities laws. Such forward-looking statements or information include but are not limited to:
statements or information with respect to the Corporation’s proposed NCIB, including the receipt of
TSX-V approval thereof, the date of launch and the duration of the NCIB, the benefits to be derived
therefrom and the purchase of Common Shares for cancellation thereunder. Often, but not always,
forward-looking statements or information can be identified by the use of words such as “will”, “plans”
or variations of those words, or statements that certain actions, events or results “will”, “could” or are
“intended to” be taken, occur or be achieved.
With respect to forward-looking statements and information contained herein, the Corporation has
made numerous assumptions including among other things, assumptions with respect to the launch
of the NCIB; the Corporation’s ability to purchase of Common Shares under the NCIB; the benefits to
be derived from the NCIB; obtaining TSX-V approval of the NCIB; the performance of the portfolio of
securities held by Fancamp; economic conditions; mineral prices; and anticipated costs and
expenditures. The foregoing list of assumptions is not exhaustive.
Although management of the Corporation believes that the assumptions made and the expectations
represented by such statements or information are reasonable, there can be no assurance that a
forward-looking statement or information herein will prove to be accurate. Forward-looking statements
and information by their nature are based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause the Corporation’s actual results, performance or
achievements, or industry results, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements or information. These factors
include, but are not limited to: unanticipated costs, expenses or liabilities associated with the NCIB;
risks associated with the business of the Corporation; business and economic conditions in the mining
industry generally; the supply and demand for labour and other project inputs; changes in commodity
prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and
engineering assumptions (including with respect to the tonnage, grade and recoverability); risks
relating to unanticipated operational difficulties (including failure of equipment or processes to operate
in accordance with specifications or expectations, cost escalation, unavailability of materials and
equipment, government action or delays in the receipt of government or regulatory approvals,
industrial disturbances or other job actions, and unanticipated events related to health, safety and
environmental matters); risks relating to adverse weather conditions; political risk and social unrest;
changes in general economic conditions or conditions in the financial markets; changes in laws
(including regulations respecting mining concessions); and other risk factors as detailed from time to
time in the Corporation’s continuous disclosure documents filed with Canadian securities
administrators. In addition, there can be no assurance that the Corporation will repurchase all or any
of the Common Shares referred to in this press release under the NCIB. In particular, the purchase
by the Company of Common Shares pursuant to the NCIB will depend, among other, on the prevailing
market price from time to time of the Common Shares. There can also be no certainty that purchases
of Common shares under the NCIB will achieve the desired objectives. The Corporation does not
undertake to update any forward-looking information, except in accordance with applicable securities
laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.