Tsodilo Resources closes C$742,095 private placement financing

Tsodilo Resources Limited (TSXV: TSD) (OTCQB: TSDRF) (FSE: TZO) completed a non-brokered private placement financing on February 2, 2026, raising gross proceeds of C$742,095.

The company issued 4,947,297 units at C$0.15 per unit. Each unit contains one common share and one warrant that allows the holder to purchase an additional common share at USD$0.15 within five years of issuance.

The securities are subject to a statutory hold period that expires June 3, 2026. The warrants include an acceleration clause that would cause early expiration if the company's share price reaches USD$0.30 or higher for 10 consecutive trading days after the hold period ends.

According to the press release, proceeds will fund advancement of the Critical and Rare Earth Metals project and the Xaudum Iron Formation project, along with general corporate purposes and working capital.

Tsodilo Resources is an exploration company focused on metal deposits through its Gcwihaba Resources projects in Botswana. The company holds a 100% stake in five prospecting licenses covering base metals, precious metals, platinum group metals, and rare earth elements in Botswana's North-West district.

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