Absolutely Critical Resources launches private placement

Absolutely Critical Resources Corp. to Conduct Non-Brokered Private Placement

(TheNewswire)

Vancouver, British Columbia, August 24, 2026 – TheNewswire – Absolutely Critical Resources Corp. (“ABC” or the “Company”) (TSXV:ABC), wishes to announce that it intends to conduct a non-brokered private placement and will offer up to 10,000,000 common shares of the Company (the “Offering”) at a price of $0.015 per Unit for total gross proceeds of $150,000. No commissions or finders’ fees are payable in connection with the Offering.

The Offering is subject to the receipt of all necessary approvals, including approval of the TSX Venture Exchange (the “TSXV”), as well as the satisfaction of other customary closing conditions. The proceeds derived from the sale of the shares will be expended as follows:

Massey Nickel/Copper Project – diamond drill high-priority target - $80,000.

Massey Nickel/Copper Project – option payment - $30,000

Working Capital: General Administrative Expenses and Working Capital, including audit, annual general meeting, and filing fees - $30,000.

Mary Ann’s Lake Project – Preparation of NI 43-101 technical report - $10,000

 

A portion of the Offering may be allocated to investors relying on the “existing security holder”, “accredited investor”, or other exemptions available to ABC under National Instrument 45-106 – Prospectus Exemptions.

If a new Control Person’s is created as a result of this Offering, shareholder approval may be required, however, no new control person is expected to be created.

Certain Insiders (as such term is defined under the policies of the TSX Venture Exchange (the “Exchange”)) of the Company may participate in the Offering. Any participation of Insiders in the Offering will constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the Offering by Insiders will not exceed 25% of the fair market value of the Company’s market capitalization.

All securities issued in connection with the Offering will be subject to a hold period which expires four months and one day after the date the securities are issued.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.