Tsodilo Resources closes private placement for C$742,095

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 consists of one common share and one warrant. The warrants allow holders to purchase one common share at USD$0.15 for five years from the issuance date.

The securities are subject to a statutory hold period of four months and one day, expiring June 3, 2026. The warrants include an acceleration clause that triggers expiry if the company's common shares trade at USD$0.30 or higher for 10 consecutive trading days after the hold period ends.

Tsodilo plans to use the financing proceeds to advance its Critical and Rare Earth Metals project and Xaudum Iron Formation project, along with general corporate purposes and working capital.

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

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