Absolutely Critical Resources Corp. (TSXV: ABC) has announced the completion of a fully subscribed non-brokered private placement, raising $150,000 through the issuance of 10,000,000 common shares at $0.015 per share. The TSX Venture Exchange confirmed it does not object to the closing of the offering, which was first announced on August 24, 2026. Proceeds are earmarked primarily for diamond drilling at the company's Massey Nickel/Copper Project, along with an option payment, general working capital, and preparation of a technical report for its Mary Ann's Lake Project.

Key Points

  • Absolutely Critical Resources Corp. (TSXV: ABC) completed a non-brokered private placement on September 21, 2026
  • 10,000,000 common shares issued at $0.015 per share for total gross proceeds of $150,000
  • $80,000 allocated to diamond drilling a high-priority target at the Massey Nickel/Copper Project; insiders participated in $48,600 of the offering
  • Investors may be watching for drilling results at the Massey Nickel/Copper Project and completion of the NI 43-101 technical report for Mary Ann's Lake

Proceeds Directed Toward Massey Nickel/Copper Project Drilling and Option Payment

The largest share of the $150,000 raised — $80,000 — is designated for diamond drilling of a high-priority target at ABC's Massey Nickel/Copper Project, according to the release. A further $30,000 will cover an option payment on the same project. An additional $10,000 is allocated toward preparation of an NI 43-101 technical report for the Mary Ann's Lake Project, while the remaining $30,000 supports general working capital, including audit fees, annual general meeting costs, and filing fees. No commissions or finders' fees were payable in connection with the offering.

Insider Participation Triggers Related-Party Transaction Disclosure

Certain insiders of Absolutely Critical Resources Corp. participated in $48,600 of the offering, constituting a related-party transaction under Multilateral Instrument 61-101. The company states it is relying on exemptions from formal valuation and minority shareholder approval requirements under subsections 5.5(a) and 5.7(a) of MI 61-101, on the basis that insider participation does not exceed 25% of the fair market value of the company's market capitalisation. The release also confirms that no new Control Person was created as a result of the offering.

Offering Structure and Securities Hold Period

The offering was allocated to investors under the "accredited investor" and "family and friends" prospectus exemptions available to ABC. All securities issued are subject to a statutory hold period expiring four months and one day from the date of issuance. The securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent an applicable exemption. The immediate share price impact was not clear from available public information.