Teako Announces Closing of Oversubscribed Private Placement
Teako Announces Closing of Oversubscribed
Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2026) - Teako Minerals Corp. (CSE: TMIN) (the
"
Company
" or "
Teako
") is pleased to announce the closing of its previously announced non-brokered
private placement offering (the "
Offering
") of common shares of the Company ("
Common Shares
").
Pursuant to the Offering, the Company issued 8,478,166 Common Shares at a price of $0.06 per
Common Share for total gross proceeds of $508,690. The Offering was fully subscribed by the
Company's strategic investor group of K.A. Rasmussen AS.
The Company intends to use the net proceeds of the Offering for anticipated exploration activities as well
as general working capital. The Common Shares are subject to a four-month and one-day hold period.
The Common Shares offered have not been registered under the U.S. Securities Act of 1933, as
amended (the "
U.S. Securities Act
"), or any applicable state securities laws 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 term is
defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an 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 Common Shares in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring,
exploring, and developing mineral properties in Norway, focusing on critical metals such as copper and
zinc in massive sulfides. By leveraging leading-edge exploration technologies and strategic
partnerships, Teako aims to address the growing demand for essential minerals while generating value
for shareholders and stakeholders alike.
Teako, within its Norwegian Project Hub owns over 60 projects 100% and holds a 10% economic
interest in the four (4) rare earth elements ("
REE
") projects owned by Fritzøe Skoger AS and a 10%
non-dilutive free carried ownership interest in five (5) copper, gold and silver projects owned by Nordic
Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty Ltd as further described on the
Company's website.
Teako's Project Hub, including the Løkken, Venna and Tynset main projects, covers an extensive land
package prospective for copper, cobalt, zinc, gold, silver, platinum group elements (or "
PGE
"), uranium,
antimony, molybdenum, tungsten and rare-earth-elements. The Project Hub strategy was initially
developed from the Company's first-mover advantage in-country, leveraging both technical skill and
strong local community engagement to acquire and advance groups of both core and non-core assets.
Core assets such as the Løkken, Venna and Tynset projects remain integral to the Company's self-
funded exploration programs, whereas the Company aims to retain exposure to exploration success on
non-core assets through securing deals with strong partners. These deals, if secured, are intended to
potentially bring in capital and/or ongoing cash flow, retain upside exposure, and reduce overall risk,
thereby strengthening Teako's foundation.
Contact Information:
Sven Gollan - CEO
T: +1 (604)-871-4301
Email:
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities
legislation, concerning the business of Teako. Forward-looking information is based on certain key
expectations and assumptions made by the management of Teako. In some cases, you can identify
forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan,"
"seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and
variations of these terms and similar expressions, or the negative of these terms or similar expressions.
Forward-looking statements in this press release include statements related to the intended use of the
net proceeds of the Offering and the Company's business plans and operations and other matters.
Although Teako believes that the expectations and assumptions on which such forward-looking
information is based are reasonable, undue reliance should not be placed on the forward-looking
information because Teako can give no assurance that they will prove to be correct. Since forward-
looking statements address future events and conditions, by their very nature, they involve inherent risks
and uncertainties. Actual results could differ materially from those currently anticipated due to a number
of factors and risks. These include but are not limited to, risks associated with the mineral exploration
industry in general (e.g., operational risks in development, exploration and production; the uncertainty of
mineral resource estimates; the uncertainty of estimates and projections relating to production, costs
and expenses, and health, safety and environmental risks), constraint in the availability of services,
commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry,
adverse weather conditions and uncertainties resulting from potential delays or changes in plans with
respect to exploration or development projects or capital expenditures. These and other risks are set out
in more detail in Teako's interim Management's Discussion and Analysis, for the period ended January
31, 2026.
All dollar figures included herein are presented in Canadian dollars, unless otherwise noted. Neither
the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this press
release.
Not for dissemination in the United States or distribution through U.S. newswires
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https://www.newsfilecorp.com/release/306565