• Prospect Ridge Resources closed its private placement on October 30, 2026, raising $1.84 million across three tranches.
• The final tranche raised $151,250.18 through the issuance of 2,016,669 critical mineral flow-through units.
• Total issuance reached 24,485,004 units at $0.075 each, exceeding the original fundraising target by $336,375.
• Each unit comprised one flow-through common share and half a warrant; whole warrants are exercisable at $0.10 for two years, subject to acceleration.
• Proceeds will primarily fund a 2,500-meter Camelot drill program and preparations for spring drilling at Excalibur in British Columbia.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prospect Ridge Resources Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610301835ACCESSWRNAPR_____1244771) on October 30, 2026, and is solely responsible for the information contained therein.