Talamore upsizes equity offering to C$130 million

Canada NewsWire /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, BC , July 7, 2026 /CNW/ - Talamore Mining Corp. (TSXV: TALA) (OTCQB: TALMF) (" Talamore " or the " Company ") is pleased to announce the successful completion of the bookbuild and the upsize of its previously announced equity offering with strong support from new and existing shareholders. Talamore received strong indications of interest for the equity offering and due to investor demand, has agreed with the Agents (as defined below) to increase the size of its previously announced "best-efforts" private placement to aggregate gross proceeds of approximately C$130 million.  The Company is also pleased to announce the pricing of the equity offering for 16,250,000 common shares of the Company (the " Common Shares ") at a price of C$8.00 per Common Share (the " Equity Offering Price ") representing aggregate gross proceeds of approximately C$130 million (the " Equity Offering "). In connection with the Equity Offering, Talamore has entered into an agreement with Stifel Nicolaus Canada Inc. (" Stifel Canada ") and BMO Capital Markets (" BMO "), to act as co-lead agents and joint bookrunners on their own behalf and on behalf of a syndicate of agents including National Bank Financial Inc., CIBC World Markets, Ventum Financial Corp. and Desjardins Capital Markets (collectively with Stifel Canada and BMO, the " Agents ").

The Company has granted the Agents an option (the " Agents' Option "), exercisable up to 48 hours prior to the closing of the Equity Offering, to increase the size of the Equity Offering by up to 15%. The Common Shares to be issued under the Equity Offering will be offered by way of private placement in each of the provinces and territories of Canada, pursuant to applicable private placement exemptions under National Instrument 45-106 –  Prospectus Exemptions . The Common Shares may also be sold in the United States pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act "), and in such other jurisdictions as may be permitted such that such sales are completed in a manner so as to not require filing of a prospectus, registration statement, offering memorandum or similar document nor give rise to any disclosure obligations or submission to the jurisdiction of such jurisdictions on the part of the Company.

The net proceeds from the Equity Offering are expected to be used to fund initial construction activities and early works at the Coffee Project and allow the Company to advance permitting, engineering, and procurement of long-lead items, as well as for general working capital. The Equity Offering is scheduled to close on or about July 21, 2026 (the " Closing Date ") and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange (the " TSXV "). The Common Shares to be issued under the Equity Offering will be subject to a statutory hold period of four months and one day from the Closing Date in accordance with applicable securities laws in Canada.