Sable Closes C$1.75 Million Private Placement with Moxico Resources
SABLE RESOURCES LTD.
900 – 999 West Hastings Street
Vancouver, British Columbia
V6C 2W2 Canada
TSXV | SAE OTCQB | SBLRF
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Sable Closes C$1.75 Million Private Placement
with Moxico Resources
VANCOUVER, CANADA – July 18, 2025 - Sable Resources Ltd. (“Sable” or the “Company”) (TSXV:SAE
| OTCQB:SBLRF) announces that further to the Company’s news release of July 2, 2025, it has closed
its non-brokered private placement with Moxico Resources plc (“Moxico”) raising gross proceeds of
C$1,749,000 through the issuance of 31,800,000 common shares (“Shares”) at a price of C$0.055 per
Share (the “Private Placement”).
As a result of the Private Placement, Moxico own s 31,800,000 Shares, which represent
approximately 9.9% of Sable’s issued and outstanding Shares. Pursuant to the terms of the
subscription agreement entered into by the parties in connection with the Private Placement, Sable
granted Moxico customary participation and anti -dilution rights which enable Moxico to maintain
its pro rata equity interest in the Company for so long as Moxico maintains a minimum ownership
threshold.
The proceeds from the Private Placement will be used by the Company for exploration and general
corporate and working capital purposes.
The Shares issued under the Private Placement are subject to a four month hold period from the date
of issue in accordance with applicable securities laws. The Private Placement remains subject to
final approval of the TSX Venture Exchange (“TSXV”). The TSXV has conditionally approved the
listing of all Shares issued under the Private Placement.
Moxico is an unlisted public mining company headquartered in the United Kingdom. As previously
announced, the Company and its subsidiary entered into a binding letter agreement with Moxico that
granted Moxico an exclusive option to acquire 51% of the Company’s El Fierro Project and Cerro -
Negro Property, subject to certain exploration and expenditure terms . See the Company’s press
release dated February 27, 2025 for additional details about Moxico and this option transaction.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended,
and may not be offered or sold in the United States absent registration or an applicable exemption
from the registration requirements. This press release sha ll 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 State in which such
offer, solicitation or sale would be unlawful.
ABOUT SABLE RESOURCES LTD.
Sable is a well-funded junior grassroots explorer focused on the discovery of Tier-One new precious
metal and copper projects through systematic exploration in endowed terranes located in favorable,
established mining jurisdictions. Sable’s focus is developing its large portfolio of new Greenfields
projects to resource level. Sable is actively exploring the San Juan Regional Program (163,969 ha)
incorporating the Don Julio, El Fierro, and Cerro Negro projects in San Juan province, Argentina and
-2-
the Copper Queen (15,133 ha), Copper Prince (3,980 ha), and Core Mountain (1,925 ha) properties
in British Columbia.
For further information, please contact:
Ruben Padilla, President & CEO at [email protected] or +1 (520) 488-2520
Related link: sableresources.com
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 release.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release constitute forward -looking information. These
statements relate to future events or future performance. The use of any of the words “could”, “intend”,
“expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward -looking information and are based
on Sable’s current belief or assumptions as to the outcome and timing of such future events. Actual future
results may differ materially. Although such statements are based on reasonable assumptions of Sable’s
management, there can be no assurance that any conclusions or forecasts will prove to be accurate. In
particular, this press release contains forward-looking information relating to, among other things, the
use of proceed from the Private Placement and the receipt of final approval from the TSXV.
While Sable considers these assumptions to be reasonable based on information currently available, they
may prove to be incorrect. Forward -looking information involves known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements to be
materially different from any future results, performance or achievements expressed or implied by the
forward-looking information. Such factors include risks inherent in the exploration and development of
mineral deposits, including risks relating to changes in p roject parameters as plans continue to be
redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices
and the worldwide demand for and supply of minerals, risks related to increased competition and current
global financial conditions, access and supply risks, reliance on key personnel, operational risks, and
regulatory risks, including risks relating to the acquisition of the necessary licenses and permits,
financing, capitalization and liquidity risks.
The forward-looking information contained in this release is made as of the date hereof, and Sable is not
obligated to update or revise any forward -looking information, whether as a result of new information,
future events or otherwise, except as required by applicable securities laws. Because of the risks,
uncertainties and assumptions contained herein, investors should not place undue reliance on forward -
looking information. The foregoing statements expressly qualify any forward -looking information
contained herein.