Cantex Mine Upsizes Private Placement to CA$3.5 Million

08:46 AM EDT, 09/09/2026 (MT Newswires) -- Cantex Mine Development (CD.V) increased the amount of its private placement to CA$3.5 million from CA$3 million, it said in a statement late Tuesday. The offering will be comprised of a combination of charity flow through units (CFT units), flow through shares (FT shares) and hard units. The CFT units will be priced at CA$0.3625 apiece, with each CFT unit comprised of one flow through share and one-half of a non-flow through warrant. Hard units will be priced at CA$0.25 apiece, with each unit comprised of one common share and one-half of a non-flow through warrant. FT shares will be priced at CA$0.30 per FT shares, with no warrants attached to them, it said. Each whole warrant issued in connection with either a CFT unit or a hard unit entitles the holder to buy a two-year non-flow through share at CA$0.40. Proceeds will be used to fund qualified critical mineral exploration expenditures on its North Rackla project in the Yukon and to fund general operating costs, it said. Shares of the company closed up 10% to CA$0.32 on Tuesday on the TSX Venture Exchange.