Tartisan Nickel Corp. Closes Initial $500,000 Flow-Through Financing at $0.38 per Share

Rhea-AI Summary

Tartisan Nickel (OTCQX:TTSRF) closed a $500,000.20 flow-through financing at $0.38 per share on April 8, 2026. A 6% cash commission and 6% in broker warrants (78,947 warrants, one-year expiry) were paid to eligible agents.

Proceeds will be used to incur eligible Canadian Exploration Expenses that will be renounced to subscribers and directed to continued exploration and development at the Kenbridge Nickel-Copper-Cobalt Project in Sioux Narrows, Northwestern Ontario.

AI-generated analysis. Not financial advice.

Positive

• $500,000.20 gross proceeds raised via flow-through financing
• Proceeds allocated to Kenbridge exploration and development
• Eligible Canadian Exploration Expenses (CEE) to be renounced to subscribers

Negative

• Paid a 6% cash commission to agents
• Issued 78,947 broker warrants (1-year expiry), creating potential dilution

News Market Reaction – TTSRF

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+4.03% News Effect

On the day this news was published, TTSRF gained 4.03%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Toronto, Ontario--(Newsfile Corp. - April 8, 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 $500,000.20 through the issuance of flow-through common shares at a price of $0.38 per share. A 6% commission was paid in cash as well as 6% commission in broker warrants (78,947 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 first tranche and advancing 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 156,320,904 shares outstanding (160,629,461 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.sedarplus.ca.

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/291605

FAQ

How much did Tartisan Nickel (TTSRF) raise in the April 8, 2026 flow-through financing?

Tartisan Nickel raised $500,000.20 in gross proceeds through a flow-through financing. According to the company, the financing priced shares at $0.38 per share and included cash and warrant commissions to eligible agents.

What will Tartisan Nickel (TTSRF) use the $500,000 financing for at Kenbridge?

The proceeds will fund exploration and development activities at Kenbridge. According to the company, funds will be used to incur eligible Canadian Exploration Expenses (CEE) that will be renounced to subscribers.

What commission and warrants were paid in the Tartisan Nickel (TTSRF) financing?

Agents received a 6% cash commission plus 6% in broker warrants. According to the company, 78,947 broker warrants were issued and expire one year from the transaction date.

What is the share price for the Tartisan Nickel (TTSRF) flow-through offering on April 8, 2026?

The flow-through common shares were issued at $0.38 per share. According to the company, that price applied to the tranche that closed on April 8, 2026, raising the reported proceeds.

Do the broker warrants issued by Tartisan Nickel (TTSRF) expire, and when?

Yes, the broker warrants issued in the financing expire one year from the transaction date. According to the company, 78,947 broker warrants were issued to eligible agents with a one-year expiry.

Will the CEE from the Tartisan Nickel (TTSRF) financing be renounced to investors?

Yes, the eligible Canadian Exploration Expenses will be renounced to subscribers. According to the company, proceeds are designated to incur CEE that will be formally renounced to subscribers.