Red Canyon Closes Over-Subscribed Financing Backed By Strategic Lead Order
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Vancouver, British Columbia, V6E 4A4 Canada
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Red Canyon Closes Over-Subscribed Financing Backed By
Strategic Lead Order
Vancouver, British Columbia, September 18, 2025 : Red Canyon Resources Ltd. (“Red
Canyon” or the “Company”) (CSE: R EDC | OTCQB: REDRF) is pleased to announce it has
completed a non-brokered charity flow-through private placement (“Charity FT Offering”) to issue
8,525,295 Charity Flow Through Common Shares ("Charity FT Shares") of the Company at a
price of $0.272 per Charity FT Share for gross proceeds of $2,318,880.
Teck Resources Limited (“Teck”) has acquired a 9.9% equity interest in the Company through the
purchase of 6,301,868 common shares underlying the Charity FT Offering at a back-end price of
$0.17 per share . Teck’s investment represents $1,714,108 of the Charity FT Offering gross
proceeds. Red Canyon is pleased to welcome Teck as a new strategic investor.
Existing major shareholder Crescat Capital LLC also participated in the financing, maintaining its
proportionate equity ownership in the Company.
Each Charity FT Share will qualify as a “flow -through share” within the meaning of subsection
66(15) of the Income Tax Act (Canada) (the “Tax Act”).
The proceeds from the Charity FT Offering will be used to incur eligible “Canadian exploration
expenses” that qualify as “flow -through critical mineral mining expenditures” as both terms are
defined in the Tax Act related to the Company’s Kendal project an d other projects in British
Columbia, on or before December 31, 2026, and the Company will renounce all the Qualifying
Expenditures in favour of the subscribers of the Charity FT Shares effective December 31, 2025
(the “Qualifying Expenditures”). The flow -through critical mineral mining expenditures will be
eligible for a federal 30% investment tax credit for any eligible individual investors and, for any
individual investor who is resident or subject to tax in the Province of British Columbia, the
Qualifying Expenditures will also be eligible for the 20% additional tax credit under the Income
Tax Act (British Columbia).
The Charity FT Offering was facilitated by PearTree Securities Inc., who did not receive any fees
or commissions from the Company for its role . All securities issued are restricted from trading
until January 19, 2026.
In connection with Teck’s participation in the Charity FT Offering, the Company has entered into
an Investor Rights Agreement with Teck under which, subject to certain conditions, Teck shall be
granted the right to participate in future share issuances to maintain its proportionate equity
ownership in the Company.
About Red Canyon Resources
Red Canyon Resources Ltd. (CSE: REDC | OTCQB: REDRF) is a geoscience-driven, discovery-
focused mineral exploration company exploring North America’s top copper jurisdictions. Red
Canyon has a portfolio of 100% owned 1 copper and copper-gold porphyry exploration projects.
The Company’s technical team consists of experienced geoscientists with diverse capital market,
small cap and major mining company backgrounds, and a track record of success.
2
Red Canyon is part of the NewQuest Capital Group which is a discovery-driven investment group
that builds value through the incubation and financing of mineral projects and companies. Further
information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
1 Red Canyon has two projects subject to option earn in agreements under which the Company
may acquire 100% interest of the projects.
For more information, please visit the Company's website at www.redcanyonresources.com.
On Behalf of the Board of Directors
Wendell Zerb, P. Geol
Chairman and Chief Executive Officer
+1 (604) 681-9100
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy
of this press release.
Forward-Looking Statements:
This news release includes certain forward -looking statements and forward -looking information
(collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation.
All statements, other than statements of historical fact included in this news release, including, without
limitation, statements regarding the Charity FT Offering, the use of proceeds from the Charity FT Offering,
and other future plans and objectives of the Company are forward -looking statements. There c an be no
assurance that such statements will prove to be accurate and actual results and future events may vary
from those anticipated in such statements. Important risk factors that could cause actual results to differ
materially from the Company's plans or expectations include failure to obtain CSE acceptance of the Charity
FT Offering, inability to use the proceeds from the Charit y FT Offering as expected, and risks associated
with mineral exploration, including the risk that actual results and timing of exploration and development
will be different from those expected by management. The forward-looking statements in this news release
were developed based on the assumptions and expectations of management, including that CSE
acceptance for the Charity FT Offering will be obtained, the Company will be able to use the proceeds from
the Charity FT Offering as anticipated, as well as the other assumptions disclosed in this news release and
that the risks described above will not materialize. The Company express ly disclaims any intention or
obligation to update or revise any forward-looking statements whether as a result of new information, future
events or otherwise, except as otherwise required by applicable securities legislation.
Readers are cautioned not to place undue reliance on forward -looking statements. The Company
undertakes no obligation to update any of the forward-looking statements, except as otherwise required by
law.