Vancouver, British Columbia — February 19, 2026 — Leads & Copy — Azincourt Energy Corp. is set to raise up to C$2,200,000 through a non-brokered private placement, the company announced Wednesday.
The placement will consist of up to 21,666,666 flow-through units priced at $0.06 each, and up to 18,000,000 non-flow through units priced at $0.05 each. The offering is subject to regulatory approvals, including conditional approval from the TSX Venture Exchange.
Each flow-through unit will include one flow-through common share and one-half of one flow-through common share purchase warrant. Each non-flow through unit will consist of one common share and one-half of one common share purchase warrant.
The warrants, both flow-through and non-flow through, will be exercisable at $0.07 per share for 24 months from the issue date.
Azincourt intends to use the proceeds from the non-flow through units to increase the budget for the summer 2026 drilling, exploration, and development activities at the Snegamook uranium deposit. The deposit is located within the Central Mineral Belt of Newfoundland and Labrador, Canada. Funds will also be allocated for general working capital.
The gross proceeds from the flow-through units will be used to incur eligible “Canadian exploration expenses.” These expenses qualify as “flow-through critical mineral mining expenditures” under the Income Tax Act (Canada). These expenditures will be related to the company’s critical mineral projects and must be incurred on or before December 31, 2027. All qualifying expenditures will be renounced in favor of the flow-through shareholders, effective December 31, 2026.
The company may pay finders’ fees related to the offering in compliance with securities laws and TSX Venture Exchange policies.
Securities issued under the offering will be subject to a four-month-and-one-day hold period in Canada. Insiders may participate in the private placement, including related parties of the Company, as defined in Multilateral Instrument 61-101.
Azincourt is a Canadian resource company focused on alternative energy projects, including uranium, lithium, and other critical clean energy elements. The company is active at the Harrier uranium project, which contains the Snegamook uranium deposit, in Labrador. Azincourt also controls an interest in the East Preston uranium project in Saskatchewan.
Alex Klenman, President & CEO, made the announcement on behalf of the Board of Azincourt Energy Corp.
This news release does not constitute an offer to sell securities in the United States, and the securities have not been registered under the U.S. Securities Act of 1933.
Source: Azincourt Energy Corp.
