Radius Gold Inc. Closes Private Placement Raising Over $1.2 Million for Project Exploration

August 28, 2026 — Leads & Copy — Radius Gold Inc. has successfully closed a non-brokered private placement, raising gross proceeds of $1,248,000 through the issuance of 10,400,000 units at $0.12 per unit. Each unit comprises one common share and one warrant, with the warrant granting the holder the right to acquire an additional common share at $0.20 for one year post-closing. The company also reported paying finder's fees totalling $23,760 in cash and 198,000 warrants with identical terms to the unit warrants.

Securities issued under this placement are subject to a resale restriction until December 28, 2026. The transaction is pending final approval from the TSX Venture Exchange. These newly acquired funds are earmarked for advancing the Company's exploration initiatives at its Tierra Roja copper project and Jonco silver project in Peru, with the remainder allocated for general working capital.

The private placement involved a related party transaction, as an insider of the Company was among the placees. Radius Gold Inc. has secured exemptions from formal valuation and minority shareholder approval requirements under TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. These exemptions were granted based on the assessment that neither the fair market value of securities issued to nor the consideration paid by the insider exceeded 25% of the Company's market capitalization.

Radius Gold Inc. is an exploration firm dedicated to identifying and developing promising projects across the Americas, with a strategic focus on acquiring opportunities possessing strong discovery potential.

Source: Radius Gold Inc.