Tectonic Metals Upsizes Financing to $80 Million

TECTONIC METALS UPSIZES FINANCING TO

$80 MILLION

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES

VANCOUVER, B.C., February 11, 2026 – Tectonic Metals Inc. (“Tectonic” or the

“Company”) (TSX-V: TECT; OTCQB: TETOF), is pleased to announce that due to strong

investor demand, the Company has upsized its previously announced brokered “best efforts”

private placement (the “Offering”). The upsized Offering will consist of up to an aggregate of

37,210,000 common shares in the capital of the Company (the “Common Shares”), at a price

of $C2.15 per Common Share for aggregate gross proceeds of C$80 million.

The Offering is being led by 3L Capital Inc., on behalf of itself, and BMO Capital Markets and

SCP Resource Finance LP as co-lead agents and joint bookrunners (the “Lead Agents”) on

behalf of a syndicate of agents (together with the Lead Agents, the “Agents”).

The Company has granted the Agents an option to increase the size of the Offering by up to

an additional 15% of the Common Shares sold under the Offering, exercisable in whole or in

part, at any time and from time to time up to 48 hours prior to the closing of the Offering (the

“Agents’ Option”).

The Common Shares issuable under the Offering will be offered on a private placement basis

to: (i) accredited investors (as defined in National Instrument 45-106 – Prospectus Exemptions)

in all provinces and territories of Canada; (ii) investors in the United States pursuant to available

exemptions from the registration requirements of the United States Securities Act of 1933, as

amended (the “U.S. Securities Act”); and (iii) investors in certain offshore jurisdictions (outside

Canada and the United States) on a basis which does not require the qualification or

registration of the Common Shares offered in such jurisdictions.

The net proceeds of the Offering will be used to advance the Company’s Flat Gold Project and

for general corporate and working capital purposes.

The Common Shares will be subject to a statutory hold period of four months and one day

from the date of issuance thereof in accordance with applicable Canadian securities laws. The

Offering is expected to close on or about February 24, 2026, or such other date or dates as

determined by the Company and the Agents (the “Closing Date”), and completion of the

Offering is subject to certain conditions including, but not limited to, the receipt of all necessary

approvals including the approval of the TSX Venture Exchange (the “TSXV”).

In consideration for their services, the Company has agreed to pay the Agents a cash

commission (the “Cash Fee”) equal to 6.0% of the gross proceeds from the Offering (including

any exercise of the Agents’ Option) provided that the Cash Fee shall be reduced to 2.0% on

certain president’s list purchases.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of

the securities in the United States. The securities have not been and will not be registered

under the U.S. Securities Act, or any U.S. state securities laws and may not be offered or sold

in the United States unless registered under the U.S. Securities Act and applicable U.S. state

securities laws or an exemption from such registration is available.”

About Tectonic Metals Inc.

To learn more about Tectonic Metals please visit our website or to subscribe to our email list,

click here: https://www.tectonicmetals.com/about/subscribe.

View our 2026 Corporate Presentation Here.

Tectonic invites you to take a virtual tour of our Flat Gold Project with both the CEO of Tectonic

and one of Alaska’s largest for-profit Native Regional Corporations, Doyon.

Tour The Flat Gold Project.

Qualified Person 

Tectonic Metals’ disclosure of technical or scientific information in this press release has been

reviewed, verified and approved by Peter Kleespies, M.Sc., P.Geo., Vice President of

Exploration, who is a Qualified Person in accordance with Canadian regulatory requirements

set out in National Instrument 43-101.

On behalf of Tectonic Metals Inc.,

Tony Reda

President and Chief Executive Officer

For further information about Tectonic Metals Inc. or this news release, please visit our

website at www.tectonicmetals.com or contact Investor Relations, toll-free at 1.888.685.8558

or by email at [email protected].

Cautionary Note Regarding Forward-Looking Statements

Certain information in this news release constitutes forward-looking information and statements under

applicable securities law. Any statements that are contained in this news release that are not statements

of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often

identified by terms such as “may”, “should”, “anticipate”, “expect”, “intend” and similar expressions and

include, but are not limited to, statements regarding the Offering, including the expected Closing Date;

the intended use of the net proceeds of the Offering; the exercise of the Agents’ Option; the potential for

mineralization and planned exploration and drilling activities at Tectonic’s projects, including any future

exploration activities and the expected benefits or size thereof; and the receipt of any regulatory

approvals, including the final approval of the TSXV for the Offering.

Forward-looking information is not a guarantee of future performance and is based upon a number of

estimates, expectations and assumptions of management at the date the statements are made including,

among others, expectations and assumptions about the Company securing sufficient financing for its

planned exploration and drilling initiatives on acceptable terms or at all, future prices of gold and other

metal prices, currency exchange rates and interest rates, favourable operating c onditions, political

stability, obtaining governmental and other approvals and financing on time, obtaining required licenses

and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any

mineral resources, successful resolution of disputes and anticipated costs and expenditures. Many

assumptions are based on factors and events that are not within the control of Tectonic, and there is no

assurance they will prove to be correct.

Although Tectonic considers these beliefs and assumptions to be reasonable based on information

currently available to it, they may prove to be incorrect, and the forward -looking statements in this

release are subject to numerous risks, uncertainties and other factors that may cause future results to

differ materially from those expressed or implied in such forward-looking statements. Forward-looking

statements necessarily involve known and unknown risks, including, without limitation: the Company’s

ability to consummate the Offering on the terms described herein or at all; Tectonic’s ability to operate

as a going concern; Tectonic’s requirement of significant additional capital ; Tectonic’s ability to

implement its business strategies; risks associated with mineral exploration and production; risks

associated with general economic conditions; adverse industry events; marketing and transportation

costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal

and external sources, and/or inability to access sufficient capital on favourable terms; industry and

government regulation; changes in legislation, income tax and regulatory matters; competition;

currency and interest rate fluctuations; and other risks and uncertainties discussed in public filings made

by Tectonic with the applicable Canadian securities regulatory authorities.

Readers are further cautioned not to place undue reliance on forward-looking statements as there can

be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such

information, although considered reasonable by management at the time of preparation, may prove to

be incorrect and actual results may differ materially from those anticipated. Forward-looking statements

contained in this news release are expressly qualified by this cautionary statement. Although Tectonic

has attempted to identify important factors that could cause actual results to differ materially from those

contained in forward-looking information, there may be other factors that cause results not to be as

anticipated, estimated or intended. There can be no assurance that such information will prove to be

accurate, as actual results and future events could differ materially from those anticipated in such

statements. Accordingly, readers should not place undue reliance on forward -looking information.

Tectonic does not undertake to update any forward-looking information, except in accordance with

applicable securities laws.

Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the

TSXV) accepts responsibility for the adequacy or accuracy of this release.