RZOLV Technologies plans $1.5M non-brokered private placement

RZOLV Technologies Inc. (TSXV: RZL) (OTCQB: RZOLF) announced a proposed non-brokered private placement to raise up to approximately $1.5 million.

The financing consists of up to 4,285,715 units priced at $0.35 per unit. Each unit includes one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant allows the holder to acquire one additional common share at $0.55 per share for 24 months from the date of issuance.

The offering is expected to close on or about June 29, 2026, subject to acceptance from the TSX Venture Exchange and other required regulatory approvals. The company may complete the financing in one or more tranches.

All securities issued will carry a statutory hold period of four months and one day under Canadian securities laws. The company may pay finder's fees or commissions in cash or securities in connection with the financing.

According to the announcement, net proceeds are intended for research and development, pilot-scale and commercial-readiness activities, equipment and process optimization, intellectual property protection, business development, investor relations, working capital, and general corporate purposes.

Certain directors, officers, or insiders may participate in the financing, which would constitute a related party transaction under Multilateral Instrument 61-101. The company expects any such participation to be exempt from formal valuation and minority shareholder approval requirements, as insider involvement is not expected to exceed 25% of the company's market capitalization.

RZOLV Technologies is a Vancouver-based company developing a hydrometallurgical technology platform for recovery of precious and critical metals. The securities described have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption.

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