Vancouver, British Columbia — February 20, 2026 — Leads & Copy — Lodestar Metals Corp. (TSXV: LSTR) (OTC Pink: SVTNF) has closed the final tranche of its non-brokered private placement, issuing 2,700,000 units at $0.20 per unit for gross proceeds of $540,000.
Due to increased investor interest, the company increased the size of the offering, issuing a total of 7,850,000 units at $0.20 per unit for gross proceeds of $1,570,000.
Lodestar Metals Corp. is a junior exploration company focused on gold potential in Nevada.
Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the holder to purchase one additional share at $0.30 per share for 18 months from the issue date.
All securities issued are subject to a hold period expiring four months and one day from the issuance date. Finders were paid an aggregate of $44,810 and issued 222,700 finder share purchase warrants exercisable at $0.20 per share for 18 months.
Proceeds will fund exploration and drilling at the Goldrun Property and for working capital.
The company has granted 785,000 stock options to its directors, officers, and consultants, exercisable at $0.20 per share for five years.
Lowell Kamin, President and CEO of Lodestar Metals, expressed gratitude to new and existing shareholders for their support and confidence in the Goldrun asset’s potential.
Lodestar Metals Corp. is focused on advancing the Goldrun Project in Nevada, located on a Carlin-style gold trend near major gold deposits. The company aims to build a compliant gold resource.
“We are excited to announce the closing of our oversubscribed financing and are deeply grateful to both new and existing shareholders who share our conviction in the scale and potential of Goldrun, our flagship asset,” said Lowell Kamin, President and CEO of Lodestar Metals. “This strong show of support is more than a capital raise – it is a vote of confidence in our strategy, our team, and our vision to unlock meaningful value in Nevada’s premier mining jurisdiction.
With a strengthened balance sheet, we are well-positioned to execute a disciplined and systematic exploration program at Goldrun as we advance toward our inaugural drill campaign – a pivotal milestone in our journey toward defining a resource. At the same time, this financing provides us with the flexibility to pursue additional high-value opportunities across Nevada, building a pipeline of quality assets designed to deliver long-term growth. We believe we are at the beginning of an exciting chapter for Lodestar, and we look forward to driving sustained value creation for our shareholders as we move decisively forward.”
Source: Lodestar Metals
