High Tide Resources Announces Upsize to Private Placement
High Tide Resources Announces Upsize to Private Placement
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Toronto, ON – February 19, 2026 – High Tide Resources Corp. (“High Tide Resources” or the “Company”)
(CSE: HTRC) announces today that it is amending certain terms of its non -brokered private placement
offering (the “LIFE Offering”) previously announced on February 5, 2025, pursuant to which the Company
intends to issue any combination of: (i) units of the Company (the “ LIFE HD Units”) at a price of $0.20 per
LIFE HD Unit, and (ii) charity flow-through units of the Company (the “ CFT Units”, and together with the
LIFE HD Units, the “ LIFE Offered Securities”) at a price of $0.27 per CFT Unit. The amended offering will
consist of the sale of a minimum of 7,500,000 LIFE HD Units and a minimum of 1 7,500,000 CFT Units for
minimum aggregate gross proceeds of $ 6,225,000 and subject further to maximum aggregate gross
proceeds of up to $ 7,575,000. PowerOne Capital Markets Limited acted as finder in connection with a
portion of the offering.
Each LIFE HD Unit will consist of one common share of the Company (a “ Common Share”) and one-half of
one Common Share purchase warrant (each whole warrant, a “ Warrant”). Each Warrant will entitle the
holder to acquire one Common Share (a “Warrant Share”) at an exercise price of $0.30 per Warrant Share
for a period of 24 months from the date of issuance. Each CFT Unit will consist of one Common Share to be
issued as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada)
and one-half of one Warrant.
The LIFE Offered Securities will be offered pursuant to the listed issuer financing exemption under Part 5A
of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), as modified by Coordinated Blanket
Order 45 -935 -Exemptions From Certain Conditions of the Listed Issuer Financing Exemption (the “ LIFE
Exemption”), in the provinces of Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, Québec and
Saskatchewan, and in certain other jurisdictions outside of Canada in accordance with applicable securities
laws and OSC Rule 72 -503 – Distributions Outside Canada. The Non-LIFE Units will be offered pursuant to
the prospectus exemptions under NI 45 -106 other than the LIFE Exemption. The Common Shares
comprising part of the LIFE HD Units and the CFT Shares comprising part of the CFT Units will not be subject
to a hold period under applicable Canadian securities laws. The Common Shares underlying the Non -LIFE
Units, the Warrants and the Warrant Shares, if issued prior to the date which is four-months from the day
of issuance, will be subject to a four-month and one-day hold period.
The Company will use an amount equal to the gross proceeds of the sale of the CFT Units to incur “Canadian
exploration expenses” (the “ Qualifying Expenditures”) after the Closing Date and prior to December 31,
2027 and shall renounce the Qualifying Expenditures so incurred to the purchasers of the CFT Units effective
on or before December 31, 2026. Such proceeds are expected to be used to conduct a drill program , and
advance metallurgical testwork and complete an environmental base line study at the Company’s Labrador
West Iron Project at the Company’s Labrador West Iron Project . The net proceeds for the sale of the LIFE
HD Units and the Non-LIFE Units shall be used for general corporate and working capital purposes.
The Company expects to pay eligible finders a cash commission of up to 7% of the gross proceeds raised
under the Offerings and to issue finder warrants (the “Finder Warrants”) equal to up to 7% of the number
of Offered Securities sold under the Offerings. Each Finder Warrant will entitle the holder to acquire one
Non-LIFE Unit at a price of $0.20 for a period of 24 month s from closing of the applicable Offering. The
Offerings are expected to close on or about March 4, 2026, or such other date as the Company may
determine, subject to the receipt of all required regulatory approvals.
There is an offering document related to the LIFE Offering that can be accessed under the Company’s profile
at www.sedarplus.com and on the Company’s website at www.hightideresources.com. Prospective
investors should read this offering document before making an investment decision.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S.
Securities Act”), and may not be offered or sold to, or for the account or benefit of, persons in the “United
States” or “U.S. persons” (as such terms are defined in Regulation S under the U.S. Securities Act) absent
registration under the U.S. Securities Act and all ap plicable state securities laws or compliance with an
applicable exemption from such registration requirements. This press 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 any jurisdiction in
which such offer, solicitation or sale would be unlawful.
About High Tide Resources Corp.
High Tide is focused on and committed to the development of mineral projects critical to infrastructure
development using industry best practices combined with a strong social license from local communities.
High Tide owns a 100% interest in the Labrador W est Iron Project which hosts a NI 43 -101 Inferred iron
resource of 654.9 Mt @ 28.84% Fe and is located adjacent to IOCC’s Carol Lake Mine in Labrador City, NL.
This resource is exposed at surface and was pit constrained for an open-pit mining scenario. The Technical
Report was filed on SEDAR on April 6, 2023 and was authored by Ryan Kressall M.Sc., P. Geo, Matthew
Herrington, M.Sc., P. Geo, Catharine Pelletier, P. Eng. and Jeffrey Cassoff P. Eng.
The Company also owns a 100% interest in the Lac Pegma copper -nickel-cobalt deposit located 50
kilometres southeast of Fermont, Quebec.
Further details on the Company, including a NI 43-101 technical report on the Labrador West Iron property
can be found on the Company’s website at www.hightideresources.com .
Qualified Person
The technical information contained in this news release has been approved by Steve Roebuck P.Geo., CEO
and Director of High Tide, who is a Qualified Person as defined in National Instrument 43 -101 - Standards
of Disclosure for Mineral Projects.
For further information, please contact:
Steve Roebuck
CEO and Director
Mobile: (905) 741-5458
Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements:
This news release includes certain "forward-looking statements" which are not comprised of historical facts.
Forward-looking statements include estimates and statements that describe the Company’s future plans,
objectives or goals, including words to the effect that the Company or management expects a stated
condition or result to occur. Forward -looking statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward -looking
statements are based on assumptions and address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Although these statements are based on information currently
available to the Company, the Company provides no assurance that actual results will meet management’s
expectations. Risks, uncertainties and other factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to differ materially from those expressed
or implied by such forward-looking information. Forward looking information in this news release includes,
but is not limited to, the size of the Offering s, the completion and terms of the Offering s, the use of the
proceeds from the Offerings, the Closing Date, the Company’s objectives, goals or future plans, statements,
exploration results, potential mineralization, the estimation of mineral resources and exploration plans,
timing of the commencement of operations and estimates of market conditions. Factors that could cause
actual results to differ materially from such forward-looking information include, but are not limited to: the
inability to raise the minimum gross proceeds required to be raised under the Offering, commodity prices
supply chain disruptions, restrictions on labour and workplace attendance and local and international
travel, failure to receive requisite approvals in respect of the foregoing, failure to identify mineral resources,
failure to convert estimated mineral resources to reserves, the preliminary nature of metallurgical test
results, delays in obtaining or failures to obtain required go vernmental, environmental or other project
approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous
peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in
equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the
development of projects, capital and operating costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry, and those risks set out in the Company’s
public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used
in preparing the forward -looking information in this news release are reasonable, undue reliance should
not be placed on such information, which only applies as of the date of this news release, and no assurance
can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward -looking information, whether as a result of new
information, future events or otherwise, other than as required by law.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news
release.