SLAM Exploration Secures $2,072,750 Through Oversubscribed Private Placement

SLAM Exploration Ltd. (TSXV:SXL) has concluded a non-brokered private placement, surpassing expectations with 23,030,553 units issued at $0.09 each, totaling $2,072,750. The offering included different unit categories: 18,141,664 flow-through CMETC units, 3,000,000 flow-through units, and 1,888,889 non-flow-through units.

Funds from the flow-through CMETC units will be allocated to critical mineral exploration expenses, while flow-through unit proceeds will support SLAM's gold projects. Non-flow-through unit funds target working capital and corporate development. An insider invested $199,999.87 in the placement, which is exempt from certain regulatory requirements.

All securities have a hold period until July 12, 2026. TSX Venture Exchange approval is pending. This placement aligns with SLAM's strategic growth in New Brunswick's mineral sector.