Adamera Minerals Corp. has closed its non-brokered private placement, raising gross proceeds of $815,000 through the sale of 8,150,000 units priced at $0.10 each.

Each unit consists of one common share and one purchase warrant. Warrants are exercisable at $0.15 for a period of three years. The terms include an accelerated expiry provision stating that if the company common shares trade at $0.20 or higher on the TSX Venture Exchange for ten consecutive trading days after the initial four-month statutory hold period, the warrant exercise window will be reduced to 30 days.

All securities issued under the financing are subject to a four-month hold period and become free-trading on December 21, 2026. No finder fees were paid for the placement. A director and an officer of the company participated by acquiring a total of 650,000 units. This insider participation constitutes a related party transaction under exchange policies, but proceeded exempt from formal valuation and minority shareholder approval requirements because the transaction value did not exceed 25% of the company market capitalization.

Adamera intends to allocate the proceeds toward exploration work across its tungsten, gold, and copper portfolio, alongside general working capital requirements.

The financing proceeds support ongoing activities at the South Hedley project in southern British Columbia. Adamera previously paused an induced polarization geophysical survey at the property due to provincial wildfire emergencies. Following the submission of a Notice of Work, the company plans to advance a subsequent drilling program at South Hedley later in 2026.

Read the full announcement: Adamera Closes Non-Brokered Private Placement of $815,000