Casa Minerals Raises Nearly CA$1 Million in Second Tranche of Private Placement

01:44 PM EDT, 10/16/2026 (MT Newswires) -- Casa Minerals (CASA.V) closed the second tranche of its non-brokered private placement for gross proceeds of CA$968,649, it said Friday. Under the second tranche, the company issued 5.8 million flow-through (FT) units at CA$0.10 each and around 5.5 million units at CA$0.07 each, said the company. Each FT unit is made up of a flow-through common share of the company and one-half of a common share purchase warrant, with each whole warrant exercisable at a price of CA$0.15 per common share until Oct. 15, 2028, it said. Each unit consists of a common share of the company and a common share purchase warrant exercisable at a price of CA$0.15 per common share until Oct. 15, 2028, the company added. "Net proceeds from the Offering will be used for exploration and development activities on the Company's projects BC, Canada," said the company. After the closing of the second tranche, the offering remained open and the company may close additional tranches, subject to receipt of all necessary regulatory and TSXV approvals, Casa Minerals said. The completion of the offering remains subject to approval of the TSX Venture Exchange, added the company. The company's shares were last seen unchanged at CA$0.06 on the TSX Venture Exchange.