Eastport Critical Metals Announces Non- Brokered Private Placement
Eastport Critical Metals Announces Non-
Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Eastport Critical Metals Corp.
(TSXV: EVI) ("
Eastport
" or the"
Company
") is pleased to announce a non-brokered private placement
(the "
Offering
") consisting of up to 2,500,000 units (each, a "
Unit
") at a price of $0.80 per Unit for gross
proceeds of up to $2,000,000 (the "
Offering
").
Each Unit will consist of one common share in the capital of the Company (a "
Common Share
") and
one Common Share purchase warrant (a "
Warrant
"). Each Warrant will be 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.
All securities issued with respect to the Offering will be 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 is
subject to receipt of all necessary regulatory approvals, including from the TSX Venture Exchange (the
"
TSXV
"). The Offering may close in multiple tranches as subscriptions are received. Finders' fees
comprised of cash and Common Share purchase warrants may be payable in connection with the sale
of the Units in accordance with the policies of the TSXV.
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
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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 completion
of the Offering, the anticipated proceeds to be raised under the Offering; the intended use of proceeds
raised under the Offering; and the potential payment of finders' fees in connection with the Offering.
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 the required
regulatory approvals for the Offering; market uncertainty; the inability of the Company to complete the
Offering on the terms disclosed, or at all; the inability of the Company to raise the anticipated
proceeds under the Offering; 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 will be able to complete the Offering on the terms
disclosed; the Company will be able to raise the anticipated proceeds under the Offering; 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.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
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