AZEM) to raise up to C$3 million to fund silver projects

Arizona Eagle Mining Corp. (TSXV: AZEM) announces that it intends to complete a non-brokered private placement (the “Offering”) of units of the Company (each, a “Unit”) at a price of C$1.10 per Unit, providing the Company with aggregate gross proceeds of up to C$3,000,000. Each Unit will consist of one common share of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole Warrant, a “Warrant”). Each Whole Warrant will entitle the holder thereof to receive one Common Share (each, a “Warrant Share”) at an exercise price of C$1.50 per Warrant Share for a period of 36 months from the closing date of the Offering.

The Company intends to use the net proceeds from the Offering: (i) to finance the pending acquisition of the Eagle Silver Project, consisting of the Arizona National Mine, the Lookout Mine and the Silver Belt Mine (collectively, together with any additional silver-concentrated mineral properties that the Company may acquire from time to time in Yavapai County, Arizona, the “Silver Projects”), as the Company previously announced on April 20, 2026 was announced; (ii) funding the inaugural 3,500 meter drill program on silver projects; and (iii) for general corporate and working capital purposes. The foregoing allocation of the net proceeds of the Offering represents the Company’s current intentions based on current plans and business conditions and may be reallocated by management where sound business reasons make such reallocation prudent or necessary.

Kevin Reed, CEO of the Arizona Eagle, commented:

“This financing will provide Arizona Eagle with capital to advance our silver strategy, including the acquisition of additional high-grade silver assets and funding of an inaugural drill program targeting silver projects. We are excited to expand our silver footprint and systematically drill test these highly prospective targets as we continue to build our project portfolio.”

The offering is being conducted on a private placement basis pursuant to an available exemption from prospectus requirements under the applicable securities laws of Canada. The Units will be offered and sold: (i) on a private placement basis to purchasers in each province and territory of Canada; (ii) to Purchasers in the United States in accordance with exemptions available from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”); and (iii) to Buyers resident in jurisdictions outside Canada and the United States, in each case in accordance with all applicable securities laws of such foreign jurisdiction, provided that no prospectus, registration statement or similar document is required to be filed in any such foreign jurisdiction.

The Common Shares, Warrants and Warrant Shares issued under the Offering will be subject to a hold period of four months and one day from the closing date of the Offering in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange (“TSXV”).

The securities offered under the Offering have not been, and will not be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and applicable state securities laws, or an available exemption from such registration requirements.

The Offering is expected to close on or about June 4, 2026 (the “Closing Date”), or such other date or dates as the Company may determine. Completion of the Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including approval by the TSXV.

About Arizona Eagle Mining Corp.

Arizona Eagle is a mineral exploration company focused on the acquisition, exploration and development of mineral properties. Arizona Eagle’s flagship property is the Eagle Project, a 4,169-acre property consisting of patented and non-patent claims, located near the city of Prescott Valley in Yavapai County, Arizona. The Eagle Project is focused on the past-producing McCabe Mine, a high-grade gold-silver deposit, and consists of several parallel structures hosting past-producing mines that are largely untapped by modern drilling. While Arizona Eagle’s primary focus is on exploration and development of the Eagle Project, it will continue to own the core nickel land portfolio in the Thompson Nickel Belt of northern Manitoba.

The scientific and technical information contained in this news release has been reviewed and approved by Clyde Smith, Ph.D., Vice President, Exploration of the Company, who is a qualified person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

For more information

For more information on the Arizona Eagle please contact:

Kevin Reed
Chief Executive Officer and Director
Email: kreid@arizonaeaglemining.com

https://www.arizonaeaglemining.com/

Full news:

https://www.newsfilecorp.com/release/297383/Arizona-Eagle-Mining-Corp.-Announces-NonBrokered-Private-Placement-Finance-for-Gross-Proceeds-of-up-to-C3000000

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