09:01:46 EDT Fri 10 Jul 2026
Enter Symbol
or Name
USA
CA



Teako Minerals Corp
Symbol TMIN
Shares Issued 124,016,662
Close 2026-07-09 C$ 0.055
Market Cap C$ 6,820,916
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Teako arranges $500,000 private placement

2026-07-10 04:55 ET - News Release

Mr. Sven Gollan reports

TEAKO ANNOUNCES FULLY COMMITTED PRIVATE PLACEMENT

Teako Minerals Corp. has arranged a non-brokered private placement for the issuance of up to 8,333,333 common shares of the company at a price of six cents per common share for aggregate gross proceeds of up to $500,000. The company has received commitments for the full amount of the offering from its strategic investor group of K.A. Rasmussen AS and anticipates closing the offering promptly.

Closing of the offering is subject to certain customary conditions, including, without limitation, approval of the Canadian Securities Exchange and the common shares being subject to a four-month-and-one-day hold period.

The company intends to use the net proceeds of the offering for anticipated exploration activities as well as general working capital.

About Teako Minerals Corp.

Teako is a Vancouver-based mineral exploration company committed to acquiring, exploring and developing mineral properties in Norway, focusing on critical metals such as copper and zinc in massive sulphides. By leveraging leading-edge exploration technologies and strategic partnerships, Teako aims to address the growing demand for essential minerals while generating value for shareholders and stakeholders alike.

Teako, within its Norwegian project hub, owns over 60 projects 100 per cent, and holds a 10-per-cent economic interest in the four rare earth element projects owned by Fritzoe Skoger AS and a 10-per-cent non-dilutive free carried ownership interest in five copper, gold and silver projects owned by Nordic Minerals AS, a wholly owned subsidiary of United Minerals Australia Pty. Ltd. as further described on the company's website.

Teako's project hub, including the Lokken, Venna and Tynset main projects, covers an extensive land package prospective for copper, cobalt, zinc, gold, silver, platinum group elements, uranium, antimony, molybdenum, tungsten and rare earth elements. The project hub strategy was initially developed from the company's first-mover advantage in country, leveraging both technical skill and strong local community engagement to acquire and advance groups of both core and non-core assets. Core assets such as the Lokken, Venna and Tynset projects remain integral to the company's self-financed exploration programs, whereas the company aims to retain exposure to exploration success on non-core assets through securing deals with strong partners. These deals, if secured, are intended to potentially bring in capital and/or continuing cash flow, retain upside exposure, and reduce overall risk, thereby strengthening Teako's foundation.

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