Toronto, Ontario — February 17, 2026 — Leads & Copy — The Canadian Chrome Company Inc. (CSE: CACR) (CSE: CACR.A) has announced the closing of the second tranche of its non-brokered unit private placement, issuing 173,333 units at $1.50 per unit, raising gross proceeds of $260,000.
Each unit comprises one multiple voting share and one warrant. Each warrant allows the holder to purchase one further multiple voting share for $1.75 on or before December 31, 2027, or two business days after a change of control.
The proceeds from the second tranche will be used to satisfy debts to Origin Merchant Partners, an arms-length third party, for accrued work fees.
All securities issued are subject to a four-month hold period.
The private placement has been extended to March 2, 2026, and the company may complete additional tranches before then.
The Canadian Chrome Company Inc. has engaged Origin Merchant Partners as a financial advisor to assess the company’s strategic position and alternatives, including a possible sale, divestiture, merger, joint venture, or asset sale.
Frank Smeenk, Chief Executive Officer, stated the company’s Ring of Fire chromite projects are an attractive opportunity for investors due to global market trends, steelmaking requirements, and government focus on domestic supply chains and national security interests.
The Canadian Chrome Company Inc. focuses on the exploration, acquisition, consolidation, development, and evaluation of mineral deposits, including chromite in the Ring of Fire, 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.
Source: The Canadian Chrome Company Inc.
