Taranis Resources Inc. has announced a non-brokered private placement aiming to raise up to $220,000 through the sale of 1,100,000 flow-through units priced at $0.20 each.

The conditional offering is subject to acceptance by the TSX Venture Exchange. Each flow-through unit comprises one flow-through common share and one share purchase warrant. The warrant entitles the holder to purchase an additional common share at a price of $0.20 for a period of 24 months from the closing date. Taranis anticipates that company insiders will subscribe for a major portion of the offering.

Because of expected insider participation, the financing constitutes a related party transaction under TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. Taranis intends to rely on exemptions from formal valuation and minority shareholder approval requirements, as the fair market value of insider participation is expected to remain below 25% of the company's market capitalization.

Proceeds generated from the sale of the flow-through units will be used to incur expenses that qualify as Canadian Exploration Expenses. Specifically, Taranis will direct the funding toward a drilling program at the Borr Zone, which is located 1.3 kilometres southeast of the main Thor deposit. The work aims to expand the Borr epithermal zone outward from the location of its initial discovery in 2025.

Taranis has advanced the Thor project over 15 years through more than 250 drill holes to define a National Instrument 43-101 Mineral Resource. Building on this foundation, the company is actively transitioning its operational focus toward district-scale discovery potential across the consolidated Silver Cup Mining District.

The company's shares closed at $0.13, falling 3.70% on August 20, 2026.

Read the full announcement: Taranis Resources Inc. Announces Private Placement