Aurania Resources plans C$1.5 Million private placement for exploration

Aurania Resources Ltd. announced on May 11, 2026, its intent to raise up to C$1.5 million through a private placement of units. The offering consists of up to 8,333,333 units at C$0.18 per unit. Each unit comprises one common share and one common share purchase warrant, exercisable at C$0.35 for 24 months. The company may increase the offering size by up to 25% to raise additional funds.

The gross proceeds from the offering are intended to primarily fund exploration activities. These include the Thor's Valley epithermal gold project in Iceland and the Balangero nickel-cobalt tailings retreatment project in Italy. The remaining proceeds will be allocated for general working capital purposes.

Completion of the offering is subject to regulatory approvals, including from the TSX Venture Exchange (TSXV). The closing is anticipated to occur on or about June 1, 2026. Securities issued under the placement will be subject to a statutory hold period of four months plus one day.

Certain directors and officers of the company are expected to participate in the placement. Aurania anticipates relying on exemptions from minority shareholder approval and formal valuation requirements based on the expected participation levels not exceeding 25% of the company's market capitalization.