E-Tech Resources Inc. Announces $950,000 Financing
E-Tech Resources Inc. Announces $950,000
Financing
Halifax, Nova Scotia--(Newsfile Corp. - September 3, 2025) - E-Tech Resources Inc. (TSXV: REE)
(FSE: K2I) ("
E-Tech
" or the "
Company
") is pleased to announce that it plans to raise up to $950,000
through a private placement (the "
Financing
") of up to 19,000,000 shares of E-Tech (each, a "
Share
")
at $0.05 per Share. The net proceeds of the Financing will be used to advance exploration at the
Company's Eureka Project in Namibia, for working capital, and general corporate purposes.
To facilitate the Financing, E-Tech has entered into an agreement with Numus Capital Corp., a
registered Exempt Market Dealer, to act as agent for the Financing. E-Tech has agreed to pay to the
agent a cash fee equal to 7% of proceeds raised from investors introduced by the agent, except on
subscriptions received from directors, officers, and employees of E-Tech and their affiliates and
associates, and to issue compensation warrants entitling the agent to purchase that number of Shares
as is equal to seven percent (7%) of the Shares sold to investors introduced by the agent, except on
subscriptions received from directors, officers, and employees of E-Tech and their affiliates and
associates. Each compensation warrant will be exercisable into a Share of E-Tech at $0.05 per share
for a period of 24 months from closing.
Completion of the Financing is subject to the satisfaction of certain conditions, including the approval of
the TSX Venture Exchange, and all securities issued pursuant to the Financing will be subject to a four-
month and one day hold period.
The engagement of Numus Capital Corp. and the Financing may constitute Related Party Transactions
under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI-
61-101"). E-Tech is relying upon an exemption for shareholder approval required under section 5.7(1)(a)
of MI 61-101 on the basis that any related party elements of such transactions would not exceed 25% of
market capitalization of E-Tech.
About E-Tech Resources Inc.
E-Tech is a rare earth exploration and development company focused on developing its Eureka Rare
Earths Project in Namibia. The Eureka project is located approximately 250 km north-west of Namibia's
capital city Windhoek and 140 km east of Namibia's main industrial port Walvis Bay. The project is
situated next to the national B1 highway in the Erongo Region of Namibia.
The Eureka deposit lies in the Southern Central Zone of the Neoproterozoic Damara Belt within
Exclusive Prospecting License ("EPL") number EPL 6762, which covers farms Eureka 99 and Sukses
90. E-Tech has also entered a definitive agreement to acquire an 85% interest in the permit EPL 8748
which lies adjacent to and surrounds the Company's EPL 6762.
E-Tech follows a dual-commodity approach, advancing both rare earths and nuclear fuels, two essential
inputs for the global energy transition.
Namibia is recognized as one of Africa's most politically stable jurisdictions, with a well-established
national infrastructure and a clear and transparent mining law.
Cautionary Statements
This press release may contain forward-looking information. This information is based on current
expectations and assumptions (including assumptions relating to general economic and market
conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual
results may differ materially from results suggested in any forward-looking information. E-Tech does
not assume any obligation to update forward-looking information in this release, or to update the
reasons why actual results could differ from those reflected in the forward-looking information unless
and until required by securities laws applicable to E-Tech. Additional information identifying risks and
uncertainties is contained in the filings made by E-Tech with Canadian securities regulators, which
filings are available at
www.sedarplus.ca
.
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.
For further information, please contact Chris Drysdale, CEO of E-Tech Resources Inc., at +264
891 220 2439.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/264954