Trident Announces $15 Million Bought-Deal Financing

January 28, 2026 - 08:44

VANCOUVER, British Columbia, Jan. 27, 2026 – Trident Resources Corp. has successfully entered into a significant bought-deal financing agreement. The company announced that it has arranged for a syndicate of underwriters, led by Haywood Securities Inc. and including Research Capital Corporation, to purchase 10 million units of the company at a price of $1.50 per unit. This arrangement is set to generate gross proceeds of $15 million for the mineral exploration firm.

Each unit issued under this financing consists of one common share and one-half of one common share purchase warrant. Each whole warrant will grant the holder the right to acquire an additional common share of Trident at an exercise price of $2.00 for a period of 24 months following the closing date of the offering. The company has also granted the underwriters an over-allotment option, allowing them to purchase up to an additional 15% of the units for market stabilization purposes and to cover any over-allotments, exercisable for 30 days after the offering closes.

The net proceeds from this substantial capital raise are earmarked to accelerate the company's exploration and development programs at its key project sites. A portion of the funds will also be allocated for general corporate and working capital purposes, providing Trident with a strengthened financial position. The offering is scheduled to close on or about February 18, 2026, and remains subject to the final approval of the TSX Venture Exchange. This financing represents a strong vote of confidence from the investment community in Trident's strategic direction and asset portfolio.