Eastport Announces Completion of Financing with Lead Participation from Commodity Capital AG
Eastport Announces Completion of Financing
with Lead Participation from Commodity
Capital AG
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Eastport Critical Metals Corp.
(TSXV: EVI) ("
Eastport
" or the "
Company
") is pleased to announce it has closed its previously
announced non-brokered private placement (the "
Offering
"). The Company has raised $2,000,000
consisting of 2,500,000 units (each, a "
Unit
") at a price of $0.80 per Unit. Each Unit consists of one
common share in the capital of the Company (a "
Common Share
") and one Common Share purchase
warrant (a "
Warrant
"). Each Warrant is exercisable into one Common Share at a price of $1.00 per
Warrant for a period of three years from the date of issuance, subject to adjustment in certain events.
The Company intends to use the proceeds of the Offering for exploration and development activities at
the Company's projects in Botswana and for general working capital purposes.
CEO, Burns Singh Tennent-Bhohi commented,
"
The closing of this strategic financing marks a transformative milestone for Eastport, validating the
robust foundation we've built over years of preparation and development in Botswana. We are
profoundly grateful for the participation of Commodity Capital AG-one of the world's premier and most
successful natural resource investment fund managers-as it serves as a powerful endorsement of our
strategy and potential. On behalf of the entire Eastport team, I extend a warm welcome to Commodity
Capital AG as a valued shareholder and offer our deepest thanks for this strategic investment. It
extends our working capital runway, empowering us to press forward with unwavering determination in
delivering value to our shareholders through our critical metal's portfolio.
Having just returned from Botswana, where the energy on the ground is palpable, Eastport is
accelerating ambitious, well-defined exploration and development programs in lockstep with our core
objective: 'Develop and Distribute.' Team morale is strong as we advance multi-asset drill campaigns
across key critical metals-copper, uranium, and rare earth elements-for which the Company expect to
provide updates in the coming weeks."
All securities issued with respect to the Offering are subject to a hold period of four months and one day
from the date of issuance in accordance with applicable securities laws. Closing of the Offering remains
subject to final approval from the TSX Venture Exchange (the "
TSXV
"). No finders fees were paid in
connection with the Offering.
None of the securities sold under the Offering have been and will not be registered under the United
States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United
States absent registration or an applicable exemption from the registration requirements. This news
release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale
of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be
unlawful.
Location Map of Eastport's Projects in Botswana
To view an enhanced version of this graphic, please visit:
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About Eastport Critical Metals Corp.
Eastport is a critical minerals development company advancing five projects in Botswana, with
cumulative historical and current expenditures approaching $20 million. The Company's most advanced
asset is the Matsitama Copper Project, which hosts multiple sizeable targets across the Matsitama
copper district.
The Company's additional projects include Selebi East, a nickel-copper-cobalt project located seven
kilometres east of the historic Selebi Mines; the Semarule Rare Earth Elements Project, positioned
within the Gaborone-Molepolole corridor; the Foley Uranium Project, adjoining the Letlhakane uranium
deposit; and the Keng Project, which targets nickel, copper and PGE's on the northern margin of the
Molopo Farms Complex.
Botswana is widely regarded as one of Africa's strongest mining jurisdictions, combining the continent's
highest GDP per capita with a 50-year track record of large-scale mineral development since the Orapa
diamond discovery in 1967. The country ranks among the top performers globally on the Fraser
Institute's Investment Attractiveness Index and is the highest-rated jurisdiction in Africa on the Policy
Perception Index. These rankings reflect Botswana's stable regulatory environment, consistent rule of
law, and long-standing support for responsible mineral development - factors that have underpinned
significant investment and major M&A activity in the natural resources sector in recent years.
On behalf of the Board of Directors
"
Burns Singh Tennent-Bhohi
"
Burns Singh Tennent-Bhohi, CEO
Eastport Critical Metals Corp.
For further information about Eastport, please contact:
Burns Singh Tennent-Bhohi
CEO and Director
Investor Relations:
KIN Communications Inc.
604-684-6730
Disclaimer for Forward-Looking Information
This news release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the expectations or beliefs of management of
the Company regarding future events. Generally, forward-looking statements and information can be
identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of
such words and phrases or statements that certain actions, events or results "may", "could", "should",
"would" or "occur". This information and these statements, referred to herein as "forward-looking
statements", are not historical facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates and forecasts and statements
as to management's expectations and intentions with respect to, among other things: the intended use
of proceeds raised under the Offering; the Company delivering value to its shareholders through its
critical metal's portfolio; the Company's exploration and development programs; the advancement of
multi-asset drill campaigns across key critical metals and the timing thereof; and the receipt of final
approval of the Offering from the TSXV.
These forward-looking statements involve numerous risks and uncertainties and actual results might
differ materially from results suggested in any forward-looking statements. These risks and
uncertainties include, among other things: delays in obtaining or failure to obtain final approval from
the TSXV for the Offering; fluctuations in commodity prices for critical metals, including copper,
uranium and rare earth elements; the Company's ability to successfully execute its exploration and
development programs; risks inherent in mineral exploration activities; the Company's ability to meet
anticipated timelines for its multi-asset drill campaigns; operational risks and technical challenges
associated with exploration activities in Botswana; and changes in the Company's business plans
impacting the intended use of proceeds raised under the Offering.
In making the forward-looking statements in this news release, the Company has applied several
material assumptions, including without limitation, that: the Company will obtain the required
regulatory approvals for the Offering; the Company's exploration and development programs will
proceed as planned; commodity prices for critical metals will remain at levels sufficient to support
continued exploration activities; the Company will continue to have access to the necessary permits,
equipment and qualified personnel to conduct its exploration programs; the Company's critical
metal's portfolio will continue to present viable opportunities for value creation; and the Company will
use the proceeds of the Offering as currently anticipated. Although management of the Company has
attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking statements or forward-looking information, 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 statements and forward-looking information. Readers are cautioned that reliance on
such information may not be appropriate for other purposes. The Company does not undertake to
update any forward-looking statement, forward-looking information or financial outlook that are
incorporated by reference herein, except in accordance with applicable securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
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DISSEMINATION IN THE UNITED STATES
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