Casa Minerals Inc. Receives Proceeds of $432,777 from Warrant Exercises

Rhea-AI Summary

Casa Minerals (OTCQB: CASXF) received aggregate gross proceeds of $432,777.30 in 2026 from the exercise of 4,453,364 common share purchase warrants.

Net proceeds will fund 2026 exploration at the Congress Gold Mine in Arizona, the Arsenault Copper-Gold-Silver Project in British Columbia, and general working capital.

Positive

• Gross cash proceeds of $432,777.30 from 4,453,364 warrant exercises in 2026
• Additional capital allocated to 2026 exploration at Congress Gold Mine and Arsenault project
• Management states the new funds strengthen the company’s balance sheet for 2026 drilling

Negative

• Exercise of 4,453,364 warrants increases the number of outstanding shares, diluting existing shareholders

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Vancouver, British Columbia--(Newsfile Corp. - May 12, 2026) - Casa Minerals Inc. (TSXV: CASA) (OTCQB: CASXF) (FSE: 0CM) ("CASA" or the "Company") is pleased to report that it has received aggregate gross proceeds of $432,777.30 to date in 2026 through the exercise of 4,453,364 common share purchase warrants (the "Warrants").

The Warrants were originally issued pursuant to the Company's private placements completed in April of 2025 and February of 2026. Each Warrant entitled the holder to acquire one common share of the Company upon exercise.

Net proceeds will be deployed to advance Casa's 2026 exploration programs at the Congress Gold Mine in Arizona and the Arsenault Copper-Gold-Silver Project in British Columbia, and for general working capital purposes.

"The continued support from our warrant holders is greatly appreciated," said Farshad Shirvani, President and Chief Executive Officer. "This additional capital meaningfully strengthens our balance sheet as we mobilize for an aggressive 2026 drilling and exploration season across our core projects."

​​About Casa Minerals Inc.

Casa Minerals Inc. is a mineral exploration company focused on gold, copper, and strategic minerals exploration in North America. The Company holds a 90% interest in the historic Congress Gold Mine in Arizona and is advancing multiple projects in British Columbia, including the Arsenault copper-gold-silver project. Casa's experienced management team is committed to creating shareholder value through the discovery and development of economic mineral deposits. For more information, please visit: www.casaminerals.com

ON BEHALF OF THE BOARD OF DIRECTORS

Farshad Shirvani, M.Sc. Geology

President, CEO and Director

For more information, please contact:
Casa Minerals Inc.
Farshad Shirvani, President & CEO
Phone: (604) 678-9587
Email: contact@casaminerals.com

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297081

FAQ

What did Casa Minerals (OTCQB: CASXF) announce about its 2026 warrant exercises?

Casa Minerals announced it received gross proceeds of $432,777.30 in 2026 from exercising 4,453,364 warrants. According to Casa Minerals, each warrant converted into one common share, providing new capital to support exploration and general working capital needs.

How much money did Casa Minerals (CASXF) raise from warrant exercises in 2026?

Casa Minerals raised aggregate gross proceeds of $432,777.30 from warrant exercises in 2026. According to Casa Minerals, these proceeds came from 4,453,364 common share purchase warrants originally issued in April 2025 and February 2026 private placements.

How will Casa Minerals use the $432,777 from its 2026 warrant exercises?

Casa Minerals plans to use the net proceeds to advance its 2026 exploration programs and for working capital. According to Casa Minerals, funds will support drilling and exploration at the Congress Gold Mine in Arizona and the Arsenault Copper-Gold-Silver Project in British Columbia.

Which Casa Minerals projects benefit from the 2026 warrant exercise proceeds?

The Congress Gold Mine and the Arsenault Copper-Gold-Silver Project will directly benefit from the new funds. According to Casa Minerals, 2026 exploration and drilling programs at these core North American projects will be financed, alongside general working capital needs.

What does the 2026 warrant exercise mean for Casa Minerals (CASXF) shareholders?

The warrant exercises provide Casa Minerals with additional cash while increasing the number of outstanding shares. According to Casa Minerals, the added capital strengthens its balance sheet as it mobilizes for an “aggressive” 2026 drilling and exploration season across core projects.

What are Casa Minerals’ main assets supported by the 2026 warrant proceeds?

Casa Minerals’ main supported assets are the historic Congress Gold Mine in Arizona and projects in British Columbia. According to Casa Minerals, this includes advancing the Arsenault copper-gold-silver project as part of its North American gold, copper, and strategic minerals portfolio.