Decade Resources Ltd. Announces Closing of Private Placement Financing

Rhea-AI Summary

Decade Resources (TSXV: DEC / OTC: DECXF) closed a flow-through private placement on October 9, 2025, issuing 27,183,335 flow-through units at $0.03 per unit for aggregate gross proceeds of $815,500.05.

Each unit included one flow-through common share and one transferable warrant exercisable at $0.05 for 24 months. Proceeds will fund qualifying Canadian exploration and critical mineral expenditures on the company’s British Columbia properties in the Golden Triangle. All securities are subject to a four-month hold expiring February 8, 2026. The company paid cash finders’ fees of $25,880 and issued 862,666 five-cent warrants to finders.

Positive

• Gross proceeds of $815,500.05 raised for exploration
• Issued 27,183,335 flow-through units at $0.03
• Proceeds dedicated to qualifying Canadian exploration on BC Golden Triangle properties
• Finder fees structured as cash ($25,880) plus 862,666 warrants

Negative

• Up to 28,046,001 additional shares could be issued on warrant exercise at $0.05
• Issued securities subject to statutory hold until February 8, 2026, limiting near-term liquidity
• Cash finders' fees of $25,880 and issued finder warrants increase financing cost and potential dilution

Stewart, British Columbia--(Newsfile Corp. - October 9, 2025) - Decade Resources Ltd. (TSXV: DEC) ("Decade" or the "Company") is pleased to announce that it has closed its previously announced flow through private placement.

A total of 27,183,335 flow-through units were issued on a private placement basis at a price of 3 cents per unit, for aggregate gross proceeds of $815,500.05. Each unit comprised one flow-through common share and one transferable non-flow-through common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of 5 cents per share, for a 24-month period.

Proceeds from the sale of flow-through units will be utilized for incurring flow-through expenses that qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures as defined in the Income Tax Act (Canada). Flow-through proceeds will be spent on the company's British Columbia properties.

All securities that were issued are subject to a statutory hold period of four months from the date of issuance, expiring February 8, 2026, in accordance with applicable securities laws.

In consideration for introducing certain subscribers to the private placement, the company paid cash finders' fees totaling $25,880 and issued 862,666 warrants at five cents to the finders. The warrants are exercisable for a 24-month period.

Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the "Golden Triangle" area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca.

For investor information please call 250- 636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.

"Ed Kruchkowski"

Ed Kruchkowski, President

"Neither the 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."

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269869

FAQ

What did Decade Resources (DECXF) announce on October 9, 2025 about its financing?

Decade Resources closed a flow-through private placement issuing 27,183,335 units at $0.03 for gross proceeds of $815,500.05.

How many warrants were issued in Decade Resources' October 2025 private placement (DECXF)?

The placement included one warrant per unit plus finder warrants, totaling up to 28,046,001 warrants exercisable at $0.05 for 24 months.

When do the newly issued Decade Resources securities become tradable (DECXF)?

All securities are subject to a statutory hold period expiring on February 8, 2026.

How will Decade Resources (DECXF) use the proceeds from the flow-through financing?

Proceeds will be used to incur qualifying Canadian exploration expenses and critical mineral expenditures on the company’s British Columbia properties.

What cash costs did Decade Resources incur to complete the private placement (DECXF)?

The company paid cash finders' fees of $25,880 and issued 862,666 finder warrants at $0.05.

What is the warrant exercise price and term from Decade Resources' financing (DECXF)?

Warrants are exercisable at $0.05 per share for a 24-month period following issuance.