Lucky Minerals has expanded its non-brokered private placement from $1.58 million to up to $3.05 million in gross proceeds to accommodate strong investor demand.

The financing comprises 4,550,000 flow-through shares at $0.10 per share and 25,950,000 non-flow-through units at $0.10 per unit. Each non-flow-through unit consists of one common share and one common share purchase warrant, with each warrant exercisable for an additional common share at $0.15 for a period of five years from issuance.

Eligible finders may receive cash finder's fees equal to 7% of gross proceeds generated from subscribers they introduce, alongside finder's warrants equal to 7% of the securities sold to those subscribers, carrying the same exercise price of $0.15 over a five-year term. All securities issued under the private placement are subject to a statutory hold period of four months and a day from the date of issuance, and the offering remains subject to acceptance by the TSX Venture Exchange.

The financing supports wider restructuring efforts tied to the company's asset portfolio. Lucky has been advancing the acquisition of the Prudhomme property in Quebec under an option agreement originally dated December 18, 2023. These corporate steps follow the revocation of a failure-to-file cease trade order by the British Columbia Securities Commission on April 2, 2026, which cleared the path for the company to resume transactions and work toward TSX Venture Exchange reinstatement.

The capital injection directly targets a substantial balance-sheet deficit. Lucky recorded a working capital deficiency of $8,256,442 as of July 31, 2026. Upon completing the private placement, the company expects to settle approximately $2,050,498 of indebtedness through a shares-for-debt transaction and write off roughly $4,273,228 in liabilities connected to the disposition of Goldmindex S.A.

These combined balance-sheet measures are projected to leave the company with an estimated working capital of approximately $422,910, providing sufficient funds to meet the ongoing working capital requirements of the exchange. Lucky is currently awaiting formal exchange acceptance to close the private placement and finalize its reinstatement process.

Read the full announcement: Lucky Announces Increase in Private Placement and Corporate Update