Krait Critical Minerals closes $1.73M private placement

Krait Critical Minerals Corp. (CSE: KRIT) (FSE: U0S) has closed the third and final tranche of its non-brokered private placement, bringing total gross proceeds to $1,725,824.25, according to a company statement.

The final tranche closed on October 9, 2026, with the issuance of 285,000 common shares at $0.75 per share, generating gross proceeds of $213,750. No finder's fees were paid in connection with the final tranche.

Across all three tranches, the company issued an aggregate of 2,301,099 common shares.

The company said it intends to apply net proceeds toward exploration at its Goldbar Spider Lake project in Ontario, evaluation of its Washington State antimony interests through Nevada Hills Antimony LLC, and general working capital and corporate expenses.

"Completing this financing provides Krait with additional capital to advance our exploration priorities and evaluate opportunities across our portfolio," said Oscar Mendoza, Chief Executive Officer and Director.

All shares issued across the three tranches, along with finder's warrants from the first and second tranches, are subject to a statutory hold period of four months and one day from their respective issuance dates, plus any applicable Canadian Securities Exchange restrictions.

You May Also Be Interested In

• StoneX Starts SoFi Technologies (SOFI) at Buy
• Trump: understand they are looking at Ilhan Omar 'very carefully'
• Danaher adds two directors, expands board to 13 members