Tsodilo Resources completes C$900,000 private placement financing

Tsodilo Resources Limited (TSXV: TSD) (OTCQB: TSDRF) (FSE: TZO) completed a non-brokered private placement financing raising C$900,000 through the issuance of 4.5 million units at C$0.20 per unit on March 18, 2026.

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 $0.20 USD. The securities are subject to a statutory hold period expiring July 19, 2026.

The warrants include an acceleration clause that triggers expiry if the company's common shares trade at $0.35 USD or higher for 10 consecutive trading days after the hold period. In such cases, warrants would expire 30 days after the company provides notice to warrant holders.

The company plans to use proceeds for advancing its Critical Minerals and Rare Earth Elements project, the Xaudum Iron Formation project, and general corporate purposes and working capital.

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

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