Freeport Resources Announces Closing of Second Tranche of Private Placement
Freeport Resources Announces Closing of Second Tranche of Private Placement
Vancouver, British Columbia, December 15, 2025 - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE:
4XH) (“Freeport Resources” or the “ Company“) is pleased to announce that, further to its news release s of
October 15, 2025 and December 11, 2025, the Company has closed the second tranche of a non -brokered
private placement through the issuance of 24,099,999 units (each, a “ Unit”) at a price of $0.03 per Unit for
aggregate gross proceeds of approximately $723,000 (the “ Second Tranche”). Each Unit consists of one
common share of the Company, and one -half-of-one share purchase warrant (each whole warrant, a
“Warrant”). Each Warrant will entitle the holder to acquire an additional common share at a price of $0.06 for
a period of twelve months following issuance.
The Second Tranche forms part of a larger offering by the Company (the “Offering”) of up to 116,666,666 Units
by way of non-brokered private placement at a price of $0.03 per Unit for gross proceeds of up to $3,500,000.
The Company anticipates utilizing the proceeds from the Offering for the continued development of the Yandera
Copper Project and for general working capital purposes. The Company does not anticipate that any portion of
the proceeds from the Offering will be used to conduct investor relations activities. The Company does not expect
to utilize the proceeds of the Offering to make payments to non-arms’ length parties, other than in the ordinary
course of their compensation for services provided to the Company.
Following the closing of the Second Tranche, the Company has raised gross proceeds of $2,337,850 through
the issuance of 77,928,331 Units in connection with the Offering. The Company anticipates closing the third
and final tranche of the Offering on or about December 19, 2025.
All securities issued in connection with the Offering will be subject to restrictions on resale for a period of four-
months-and-one-day in accordance with applicable securities laws. Completion of any additional tranche of
the Offering remains subject to approval of TSX Venture Exchange.
About Freeport Resources Inc.
Freeport Resources is a Canadian mineral exploration company with a primary focus on advancing the
development of the Yandera copper -gold-molybdenum project, located in Madang Province, Papua New
Guinea. The Yandera project is one of the largest undevelope d copper-gold deposits in the world covering
approximately 245.5 square kilometers.
Please visit www.freeportresources.com or contact the email address below for more information.
On behalf of the Board,
Freeport Resources Inc.
Gord Friesen, Chief Executive Officer
T. (236) 334-1660
www.freeportresources.com
Neither the 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 release.
This news release may contain certain “Forward -Looking Statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the
words “anticipate ”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule”, “intends” and similar
words or expressions identify forward -looking statements or information. Such statements represent the Company’s current
views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and
social risks, contingencies and uncertainties . Examples of such statements include, but are not limited to, statements with
respect to the development of the Yandera Copper Project; the anticipated timing for closing of a final tranche of the
Offering; and the use of proceeds from the Offering. The material factors and assumptions used to develop the forward -
looking information contained in this news release include, but are not limited to, key personnel and qualified employees
continui ng their involvement with the Company; the Company’s ability to secure additional financing on reasonable terms;
the competitive conditions of the sector in which the Company operates; and laws and any amendments thereto applicable
to the Company.
Many uncertainties and factors, both known and unknown, could cause results, performance or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied by such forward -looking
statements, in cluding, without limitation, risks relating to the future business plans of the Company; risks related to the
exploration and development of the Yandera Copper Project; risks that the Company will not be able to retain its key personnel;
and risks that the Company will not be able to secure financing on reasonable terms or at all. The Company does not intend,
and does not assume any obligation, to update these forward -looking statements or information to reflect changes in
assumptions or changes in circumstances or any other events affecting such statements and informatio n other than as
required by applicab le laws, rules and regulations.