VANCOUVER, British Columbia — February 11, 2026 — Leads & Copy —
Tectonic Metals Inc. (TSX-V: TECT; OTCQB: TETOF) announced an upsized brokered private placement due to strong investor demand. The offering will consist of up to 37,210,000 common shares at a price of C$2.15 per share, totaling C$80 million in gross proceeds.
The offering is led by 3L Capital Inc., BMO Capital Markets, and SCP Resource Finance LP as co-lead agents and joint bookrunners.
The agents have the option to increase the offering size by up to 15% of the common shares sold, exercisable up to 48 hours before the offering closes.
The common shares will be offered privately to accredited investors in Canada, investors in the United States under exemptions from the U.S. Securities Act of 1933, and investors in certain offshore jurisdictions.
The net proceeds will advance the Company’s Flat Gold Project and for general corporate and working capital purposes.
The common shares are subject to a four-month and one-day statutory hold period. The offering is expected to close around February 24, 2026, pending necessary approvals, including the TSX Venture Exchange (TSXV).
Tectonic Metals Inc. will pay the agents a cash commission equal to 6.0% of the gross proceeds, which will be reduced to 2.0% on certain president’s list purchases.
Peter Kleespies, M.Sc., P.Geo., Vice President of Exploration, a Qualified Person in accordance with Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved Tectonic Metals’ disclosure of technical or scientific information in the press release.
Tectonic Metals Inc. is inviting viewers to take a virtual tour of their Flat Gold Project with both the CEO of Tectonic and one of Alaska’s largest for-profit Native Regional Corporations, Doyon.
Tony Reda is the President and Chief Executive Officer of Tectonic Metals Inc.
This announcement 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.
To learn more about Tectonic Metals please visit the website or subscribe to the email list.
View the 2026 Corporate Presentation here.
For further information about Tectonic Metals Inc., visit www.tectonicmetals.com or contact Investor Relations toll-free at 1.888.685.8558 or by email at investorrelations@tectonicmetals.com.
Source: Tectonic Metals Inc.
