Grafton Resources Inc. has launched a non-brokered private placement to raise gross proceeds of up to $2,000,000 through the issuance of up to 4,000,000 units priced at $0.50 each.

Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant allows the holder to buy an additional common share at an exercise price of $0.90 for a period of two years following the closing date of the offering. Proceeds from the placement will be directed toward general working capital purposes. The company may pay finder's fees to eligible arm's length finders who locate participating investors. The arrangement remains conditional upon the formal acceptance of the Canadian Securities Exchange, and all securities issued under the offering will be subject to a mandatory four-month hold period in accordance with applicable securities laws and exchange rules.

The financing sits alongside ongoing operational activity across the company's asset portfolio. Grafton holds the Alicahue Copper-Gold Project through a definitive option agreement entered into in December 2025 to acquire a 100% interest in the property. Building on that acquisition, the company commenced an 80 line-kilometre mobile magnetotelluric geophysical survey covering the Alicahue project in February 2026.

Corporate funding efforts have previously supported these technical programs. The company's November 2025 private placement allocated proceeds specifically toward property commitments, option payments, and active exploration work at Alicahue.

Beyond its core copper and gold property, Grafton is actively expanding its footprint in the jurisdiction. The company has entered into a non-binding letter of intent with Newmont USA Limited regarding the proposed acquisition of two gold exploration projects located in Chile, which would further broaden its regional exploration portfolio if successfully negotiated and completed.

Read the full announcement: Grafton Resources Announces Non-Brokered Private Placement Of Units