Vancouver, British Columbia–(Newsfile Corp. – January 21, 2026) – Eastport Critical Metals Corp. (TSXV: EVI) (“Eastport” or the” Company “) is pleased to announce a non-brokered private placement (the “Offering“) consisting of up to 2,500,000 units (each, a “Unit“) at a price of $0.80 per Unit for gross proceeds of up to $2,000,000 (the “Offering“).
Each Unit will consist of one common share in the capital of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant will be exercisable into one Common Share at a price of $1.00 per Warrant for a period of three years from the date of issuance, subject to adjustment in certain events.
The Company intends to use the proceeds of the Offering for exploration and development activities at the Company’s projects in Botswana and for general working capital purposes.
All securities issued with respect to the Offering will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities laws. Closing of the Offering is subject to receipt of all necessary regulatory approvals, including from the TSX Venture Exchange (the “TSXV“). The Offering may close in multiple tranches as subscriptions are received. Finders’ fees comprised of cash and Common Share purchase warrants may be payable in connection with the sale of the Units in accordance with the policies of the TSXV.
None of the securities sold under the Offering have been and will not be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Location Map of Eastport’s Projects in Botswana
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About Eastport Critical Metals Corp.
Eastport is a critical minerals development company advancing five projects in Botswana, with cumulative historical and current expenditures approaching $20 million. The Company’s most advanced asset is the Matsitama Copper Project, which hosts multiple sizeable targets across the Matsitama copper district.
