Mr. Matthew Markin reports
EAGLEONE METALS ACHIEVES OTCQB LISTING AND PROVIDES UPDATE ON PRIVATE PLACEMENT
Eagleone Metals Corp.'s common shares have commenced trading on the OTCQB Venture Market in the United States under the symbol EGLMF. The company is also pleased to announce an update to its previously announced non-brokered private placement.
Eagleone commences trading on the OTCQB Venture Market
The commencement of trading on the OTCQB marks a significant milestone in Eagleone's continued growth and corporate development strategy. The OTCQB is recognized as one of the premier U.S. marketplaces for entrepreneurial and development-stage companies that meet high standards of financial reporting, corporate governance and regulatory compliance.
Trading on the OTCQB provides Eagleone with increased exposure to U.S. investors, improved accessibility for U.S. brokers and institutions and an expanded platform to build its North American shareholder base.
Matthew Markin, chief executive officer of Eagleone Metals, commented: "Today's OTCQB listing represents a major milestone in Eagleone's evolution as a public company. Over the past year, we have focused on building a strong corporate foundation, enhancing our governance and positioning the company to attract a broader North American investor base. Trading on the OTCQB significantly improves our visibility and accessibility within the U.S. market and is an important step as we continue advancing our portfolio of exploration assets.
"Combined with the successful completion of our financing, we believe Eagleone is entering an exciting new phase of growth. We remain committed to creating long-term shareholder value through disciplined capital management, strategic acquisitions and responsible exploration."
Private placement
Further to the company's news release dated Feb. 17, 2026, the company also announces that it has amended the terms of its previously announced non-brokered private placement.
The company now intends to issue an aggregate of 682,666 units at a price of 30 cents per unit for aggregate gross proceeds of approximately $204,800. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one additional share at a price of 60 cents per share for a period of two years from the date of issuance.
The company may accelerate the expiry date of the warrants if the trading price of the company's common shares on the Canadian Securities Exchange is equal to or exceeds $1 for five consecutive trading days, provided that the acceleration may not occur until at least four months and one day following the closing date of the offering. In such event, the company may accelerate the expiry date of the warrants by issuing a news release, following which the warrants will expire on the 30th calendar day after the date of such news release.
The proceeds of the financing will be used to finance the initial payment under the amended Poison Springs acquisition agreement, continue advancing the Poison Springs project, support continuing corporate development initiatives, and for general working capital.
The offering is expected to close on or about Sept. 2, 2026, or such other date as may be determined by the company. Completion of the offering remains subject to receipt of all necessary regulatory and Canadian Securities Exchange approvals. All securities issued pursuant to the private placement are subject to a statutory hold period in accordance with applicable securities laws.
About Eagleone Metals Corp.
Eagleone Metals is a Canadian mineral exploration company focused on the acquisition and development of high-quality critical mineral and uranium projects in North America. The company is committed to creating long-term shareholder value through disciplined project evaluation, strategic acquisitions and responsible exploration.
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