Libra Energy Materials Inc. has upsized its listed issuer financing exemption offering by $200,000 to reach gross proceeds of up to $2 million, driven by strong investor demand.

The company has filed an amended and restated offering document for the placement, which currently consists of aggregate gross proceeds of $700,000. This initial funding is split between 5,000,000 common shares priced at $0.10 each to raise $500,000, and 1,538,462 critical flow-through shares priced at $0.13 each to generate $200,000.

Under the updated terms, Libra holds the right to expand the placement up to the $2 million ceiling, providing for the issuance of up to 15,000,000 common shares at $0.10 per share and 3,846,153 critical flow-through shares at $0.13 per share. The financing remains subject to customary closing conditions, including Canadian Securities Exchange approval, and is expected to close on or about September 17, 2026, in one or more tranches.

Libra must incur qualifying Canadian exploration expenditures on or before December 31, 2027, using the proceeds from the flow-through share issuance.

Read the full announcement: Libra Announces Upsizing of Offering of up to $2 Million