Great Plains Metals Closes Over Subscribed Private Placement
Great Plains Metals Corp.
Contact: Investor Relations Wednesday, February 25, 2026
Phone (604) 684-2181 (No.2026-02-03)
Not for distribution to U.S. newswire services or for dissemination in the United States
Great Plains Metals Closes Over Subscribed Private Placement
Vancouver, BC, Canada – Wednesday, February 25, 2026 - Great Plains Metals Corp.
("Great Plains" or "the Company", TSX-V: GPS, Frankfurt Exchange: 8VC) is pleased to
announce that, further to its news release dated February 3, 2026, it has closed its over-
subscribed private placement offering of 23,240,719 units (the “Units”) of the Company at a
price of $0.18 for total gross proceeds of $4,183,329.42. (the “Private Placement”).
Each Unit of the Private Placement is comprised of one common share of the Company and
one-half of one common share purchase warrant (each whole common share purchase warrant,
a “Warrant”). Each Warrant entitles the holder to purchase one common share of the Company
at an exercise price of $0.28 until February 25, 2028.
The net proceeds will be used to advance the Company’s resource projects and for working
capital purposes.
“We are extremely pleased with the demand for the private placement. The offering was
significantly oversubscribed”, stated Aidan Bishop, CEO of the Company.
“Our highly prospective Australian property portfolio has a clear focus on drill-ready exploration
opportunities where a low-cost, rapid discovery model, can be applied. This approach offers the
most attractive risk reward basis for creating value for shareholders. We look forward to
providing updates in the near future on our exploration plans.”
The Company paid finder’s fees of $39,949.98 cash to Haywood Securities Inc and $9,000 cash
to Canaccord Genuity Corp.
The Private Placement is subject to TSX Venture Exchange approval and all securities issued
will be subject to a four-month hold period expiring on June 26, 2026.
The securities described herein have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and
accordingly, may not be offered or sold within the United States or to US persons except in
compliance with the registration requirements of the U.S. Securities Act and applicable state
securities requirements or pursuant to exemptions therefrom. No securities regulatory authority
has reviewed or approved of the contents of this news release. This press release does not
constitute an offer to sell or a solicitation to buy any securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
The Company has granted a total of 2.225 million stock options to directors, officers and
consultants of the Company, exercisable for a period of five years, at a price of $0.21 per share.
The grant of the options is subject to regulatory approval.
GREAT PLAINS METALS CORP.
For further information, please contact:
Peeyush Varshney
Phone: (604) 684-2181
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 press release.