Buffalo Potash closes C$14.85M private placement final tranche

Buffalo Potash Corporation (TSXV: BUFF) (OTCQB: BLPTF) has closed the second and final tranche of its non-brokered private placement, completing a financing that raised aggregate gross proceeds of C$14,850,001.96, according to a press release dated June 29, 2026.

The second tranche involved the issuance of 1,500,000 Charity Flow-Through Units at C$0.558 per unit, generating gross proceeds of C$837,000. Across both tranches, the company issued a total of 28,006,504 securities, comprising 4,739,375 hard dollar units, 6,994,073 flow-through shares, and 16,273,056 Charity Flow-Through Units.

Hard dollar units were priced at C$0.45 each and include one common share and one-half of a warrant. Flow-through shares were priced at C$0.52, and Charity Flow-Through Units at C$0.558. Each whole warrant is exercisable at C$0.60 for 24 months from issuance.

The company stated proceeds from the flow-through securities will fund geological work and downhole infrastructure at its Disley Project in Saskatchewan, while net proceeds from hard dollar units will be used for general working capital. The company has received conditional approval from the TSX Venture Exchange.

In connection with the second tranche, the company paid C$40,500 in cash finder's fees and issued 90,000 finder's warrants. No insiders participated in the second tranche.

The company said it is targeting to bring its Initial Production Module online in early 2027. All securities are subject to a four-month-and-one-day statutory hold period.

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