Tartisan Nickel Corp. Closes $1,000,000 Flow-Through Financing at $0.38 per Share

Rhea-AI Summary

Tartisan (OTCQX: TTSRF; CSE: TN) closed a $1,000,000 flow-through financing at $0.38 per share on March 16, 2026. The company issued approximately 2,631,579 flow-through shares, paid a 6% commission in 157,895 shares and issued 157,895 broker warrants exercisable for one year. Proceeds will fund eligible Canadian Exploration Expenses and exploration at the Kenbridge nickel-copper-cobalt project in Sioux Narrows, Northwestern Ontario.

Management said the financing supports borehole geophysics work while drilling is paused for the spring melt.

Positive

• $1,000,000 cash proceeds for exploration activities
• Proceeds allocated to Kenbridge nickel-copper-cobalt project exploration
• Offering structured as flow-through shares with CEE renunciation to subscribers

Negative

• Issuance of ~2.63M flow-through shares causes shareholder dilution
• 157,895 broker warrants exercisable in one year add potential future dilution
• 6% commission paid partly in shares increases outstanding share count

News Market Reaction – TTSRF

-3.95%

-3.95% Session close to close

In the Mar 16 session, TTSRF declined 3.95%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Toronto, Ontario--(Newsfile Corp. - March 16, 2026) - Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan" or the "Company") is pleased to announce that the Company has closed a flow-through financing for gross proceeds of $1,000,000 through the issuance of flow-through common shares at a price of $0.38 per share. A 6% commission was paid in shares (157,895 shares) as well as 6% commission in broker warrants (157,895 broker warrants) which expire in one year from the date of this transaction to eligible agents.

The proceeds from the financing will be used to incur eligible Canadian Exploration Expenses (CEE), as defined in the Income Tax Act (Canada), which will be renounced to subscribers, and will be directed toward continued exploration and development activities at the Company's Kenbridge Nickel-Copper-Cobalt Project, Sioux Narrows, Northwestern Ontario.

Mark Appleby, President and CEO states, "We are pleased to have successfully closed this financing and to be advancing borehole geophysics at Kenbridge while we take a pause from drilling during the spring melt."

About Tartisan Nickel Corp.

Tartisan Nickel Corp. is a Canadian-based critical minerals exploration and development company which owns, the Kenbridge Nickel Project near Sioux Narrows, Northwestern Ontario, the Sill Lake Silver Property near Sault Ste. Marie, Ontario as well as the Night Danger Turtle Pond project near Dryden, Ontario.

Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA). Currently, there are 155,005,114 shares outstanding (159,234,724 fully diluted).

For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. 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.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288670

FAQ

How many shares did Tartisan (TTSRF) issue in the $1,000,000 flow-through financing?

Tartisan issued approximately 2,631,579 flow-through shares at $0.38 each. According to the company, the financing raised $1,000,000 and included a 6% commission paid in 157,895 shares and broker warrants.

What will Tartisan (TTSRF) use the $1,000,000 financing for at Kenbridge?

The proceeds will fund eligible Canadian Exploration Expenses and exploration at Kenbridge. According to the company, funds are directed to continued exploration and development and to advance borehole geophysics during the spring pause in drilling.

What are the terms of the broker commission and warrants in the Tartisan financing?

A 6% commission was paid partly in 157,895 shares and 157,895 broker warrants. According to the company, the broker warrants expire one year from the transaction date and were issued to eligible agents.

Does the flow-through structure of Tartisan's financing provide tax benefits to subscribers of TTSRF?

Yes, flow-through shares allow renunciation of exploration expenditures to subscribers for tax purposes. According to the company, eligible Canadian Exploration Expenses (CEE) will be renounced to subscribers under the Income Tax Act (Canada).

How might the $1,000,000 flow-through financing affect Tartisan (TTSRF) shareholders?

The financing provides exploration funding but increases share count near-term. According to the company, ~2.63 million flow-through shares were issued and 157,895 broker warrants could further dilute if exercised within one year.