Under the revised financing structure, each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase 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 raised from the upsized placement will be directed toward general working capital purposes. The company may pay finder’s fees to eligible arm's length finders who introduce participating investors to the offering.

All securities issued pursuant to the financing will be subject to a mandatory four-month hold period in accordance with applicable securities laws and exchange rules. The upsized private placement remains conditional upon receiving the formal acceptance of the Canadian Securities Exchange.

Alongside its ongoing corporate financing activities, Grafton maintains an active portfolio footprint in South America. The company holds an option to acquire a 100% interest in the Alicahue copper-gold project located in the Valparaiso Region of Chile, pursuant to a definitive option agreement entered into in December 2025.

Looking to expand its regional land position, Grafton also intends to negotiate and enter into a definitive agreement with Newmont USA Limited regarding the proposed acquisition of two gold-focused exploration projects in Chile.

Read the full announcement: Grafton Resources Announces Upsize to Non-Brokered Private Placement of Units