New Earth Resources updates private placement, expects July close

New Earth Resources Corp. (CSE: EATH) has provided an update on its non-brokered private placement, stating that the offering remains on track to close in early July 2026.

The terms of the offering are unchanged from those announced May 29, 2026. The company is seeking to raise up to $500,000 through the issuance of up to 4,166,667 units at $0.12 per unit. Each unit consists of one Class A common share and one share purchase warrant, with the warrant allowing the holder to purchase one additional share at $0.18 for five years from the date of issuance.

The company states it intends to use the proceeds for general working capital, mineral property exploration, and marketing and investor relations services. Finder's fees and finder's warrants may be paid in connection with the offering. Securities issued will be subject to a four-month hold period under Canadian securities laws. Insiders of the company may participate in the offering.

New Earth Resources is a Canadian mineral exploration company. Its primary asset is the Lucky Boy Uranium Property in Gila County, Arizona, which it owns 100%. The company also holds options to acquire interests in rare earth element properties in Quebec and Labrador, Canada.

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