Toronto, Ontario — January 16, 2026 — Leads & Copy — The Canadian Chrome Company Inc. (CSE: CACR) (CSE: CACR.A) has announced the closing of the first tranche of its non-brokered unit private placement, issuing 524,600 units at $1.50 per unit for gross proceeds of $786,900.50.
Each unit comprises one multiple voting share and one warrant, with each warrant allowing the holder to purchase one further multiple voting share at $1.75. This purchase option is valid until the earlier of December 31, 2027, or two business days after a change of control event.
Insiders of the company participated in the private placement, acquiring 387,766 units, representing 2.42% of the company’s issued and outstanding multiple voting shares on a partly diluted basis. The insiders who participated are:
Donald Sheldon, Director and Officer, now holds 349,460 multiple voting shares (1.10%) after acquiring 82,866 shares.
Megan McElwain, Director and Officer, now holds 612,276 multiple voting shares (1.91%) after acquiring 466,666 shares.
Thomas E. (Ted) Masters, Officer, now holds 973,632 multiple voting shares (3.04%) after acquiring 226,000 shares.
The company intends to use the proceeds from the private placement to fund its business, focusing on acquiring interests in, and exploring, evaluating, and developing large-scale mineral deposits of chromite and other base metals and minerals. These funds will also cover overhead, operating expenses, and the costs associated with the private placement.
All securities issued under this private placement are subject to a four-month hold period.
The private placement is considered a “related party transaction” under Multilateral Instrument 61-101 (“MI 61-101”), due to insider participation. A formal valuation and minority shareholder approval were not required because the company is not listed on specified stock exchanges, and the transaction’s fair market value does not exceed 25% of the company’s capitalization.
The company has extended the private placement for an additional 45 days with the same terms. The offering of a flow-through unit private placement has also been extended under the original terms and conditions.
The Canadian Chrome Company Inc. focuses on the identification, acquisition, consolidation, exploration, development, and evaluation of large-scale deposits of minerals including chromite in the Ring of Fire, as well as other base metals and strategic minerals. The company also supports the development of transportation and electrification links to access remote areas where these deposits may be located.
For further information, please contact Bruce Hodgman, Vice-President: 416-642-3575 ~ info@canadachrome.com
Source: The Canadian Chrome Company Inc.
