Tsodilo Resources completes C$742,095 private placement financing

Tsodilo Resources Limited (TSXV: TSD) (OTCQB: TSDRF) (FSE: TZO) closed a non-brokered private placement financing on February 2, 2026, raising gross proceeds of C$742,095 through the issuance of 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 for five years at an exercise price of USD$0.15. The securities are subject to a statutory hold period 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. In such cases, warrants would expire 30 days after the company provides notice to warrant holders.

The company stated it will use the proceeds to advance its Critical and Rare Earth Metals project and Xaudum Iron Formation project, along with general corporate purposes and working capital.

Tsodilo Resources is a resource 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, precious, platinum group, and rare earth elements in Botswana's North-West district.

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