Vancouver, British Columbia — February 25, 2026 — Leads & Copy —
Eastport Critical Metals Corp. (TSXV: EVI) has closed its previously announced non-brokered private placement, raising $2,000,000 through the issuance of 2,500,000 units at $0.80 per unit.
Each unit comprises one common share and one common share purchase warrant. The warrants can be exercised for one common share at $1.00 per warrant within three years of issuance, subject to potential adjustments.
The company intends to allocate the proceeds to exploration and development projects in Botswana, as well as for general working capital.
CEO Burns Singh Tennent-Bhohi stated that the closing of the financing is a transformative milestone for Eastport, validating the company’s groundwork in Botswana. He acknowledged the participation of Commodity Capital AG, noting their investment as an endorsement of Eastport’s strategy and potential. He welcomed Commodity Capital AG as a shareholder and thanked them for their investment, which extends the company’s working capital. This allows Eastport to advance its critical metals portfolio.
Tennent-Bhohi also mentioned the company is accelerating its exploration and development programs, including multi-asset drill campaigns across key critical metals such as copper, uranium, and rare earth elements. Updates on these campaigns are expected in the coming weeks.
All securities issued under the offering are subject to a four-month hold period, in compliance with securities laws. Final approval from the TSX Venture Exchange is pending. No finders fees were paid in connection with the offering.
The securities have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption.
Eastport Critical Metals Corp. is focused on critical minerals development, advancing five projects in Botswana, with total historical and current expenditures nearing $20 million. Its primary asset is the Matsitama Copper Project, featuring multiple targets within the Matsitama copper district.
Additional projects include the Selebi East nickel-copper-cobalt project, the Semarule Rare Earth Elements Project, the Foley Uranium Project, and the Keng Project, which targets nickel, copper, and PGE’s.
Botswana is recognized for its mining jurisdiction, high GDP per capita, and a 50-year history of mineral development. The country is highly rated on the Fraser Institute’s Investment Attractiveness Index and Policy Perception Index, due to its regulatory environment and support for mineral development.
Source: Eastport Critical Metals Corp.
