VANCOUVER, BC — December 22, 2025 — Leads & Copy — Cascadia Minerals Ltd. has finalized a non-brokered private placement, raising up to $4,106,667. The offering was led by Michael Gentile, Cascadia’s largest shareholder, who now holds approximately 13.1% on a partially diluted basis.
The private placement involved the sale of 6,666,667 non-flow-through units at $0.15 each, generating gross proceeds of $1,000,000.05, and 13,333,333 critical minerals flow-through units at $0.233 each, resulting in gross proceeds of $3,106,666.59.
Each non-flow-through unit includes one common share and one-half of a common share purchase warrant. Each whole warrant allows the holder to purchase an additional common share at $0.20 until December 22, 2028. Each critical minerals flow-through unit consists of one flow-through common share and one-half of a warrant.
The flow-through common shares qualify under subsection 66(15) of the Income Tax Act (Canada). The gross proceeds from these shares will fund Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures, as defined in the Tax Act. These qualifying expenditures will be incurred by December 31, 2026, and renounced to subscribers by December 31, 2025.
Cascadia intends to use the proceeds from the sale of flow-through units for critical minerals exploration, primarily at the Carmacks Property. A portion of these proceeds may also support exploration at the Catch, Macks, Milner, and Idaho Creek properties. The proceeds from the non-flow-through units will be allocated to general working capital.
Cascadia paid $12,000 in cash finders’ fees and issued 80,000 finder warrants to Castlewood Capital Corp. of Toronto, ON, and Ventum Financial Corp. of Vancouver, BC, in connection with the financing. All securities issued as part of the offering are subject to a four-month-plus-one-day hold period in Canada.
According to Graham Downs, Cascadia’s President and CEO, the company is now in a strong financial position for 2026. A planned 15,000-meter resource expansion and exploration drill program at the Carmacks copper-gold property in central Yukon is fully funded. Results from seven additional holes that hit copper mineralization at the Carmacks property are expected in January, and planning is underway for the commencement of 2026 drilling in early spring.
Cascadia’s flagship asset is the 177 km2 Carmacks Project, located 35 km southeast of the past-producing Minto Mine. The project has road access, a 40-person camp, and is 10 km from grid power.
The Carmacks Main Deposit has a Measured and Indicated Resource containing 651 Mlbs of copper and 302 koz of gold (36.3 million tonnes grading 0.81% copper, 0.26 g/t gold, 3.23 g/t silver and 0.01% molybdenum) or 1.07% copper equivalent, and an Inferred Resource containing 38 Mlbs of copper and 13 koz of gold (2.9 Mt grading 0.60% copper, 0.16 g/t gold, 2.34 g/t silver and 0.02% molybdenum). A 2023 preliminary economic assessment demonstrated positive economic potential, with a $230.4 M post-tax NPV(5%) and 29% post-tax IRR at US$3.75/lb copper and US$1,800/oz gold. A second case evaluated at $4.25/lb copper and $2,000/oz gold returned a $330.1 M post-tax NPV(5%) and 38% after-tax IRR.
Cascadia also has the Catch Property, which hosts a copper-gold porphyry discovery. Inaugural drill results returned broad intervals of mineralization (116.60 m of 0.31% copper with 0.30 g/t gold). High-grade copper and gold mineralization is found at surface over a 5 km long trend, with grab samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver.
Andrew Carne, P.Eng., VP Corporate Development for Cascadia and a qualified person for the purposes of National Instrument 43-101, has approved the technical information in this release.
Graham Downs, President and CEO
Source: Cascadia Minerals Ltd.
