Tartisan Nickel Corp. Closes Second Tranche $600,000 Flow-Through Financing at $0.32 per Share

Rhea-AI Summary

Tartisan Nickel (OTCQX:TTSRF) closed a second tranche of flow-through financing, raising $600,000 via flow-through common shares priced at $0.32 each. A 6% cash commission and 112,500 broker warrants (6% commission, one-year expiry) were issued to eligible agents.

Proceeds will fund eligible Canadian Exploration Expenses at the Kenbridge Nickel-Copper-Cobalt Project in Sioux Narrows, Northwestern Ontario, to support ongoing exploration and development.

AI-generated analysis. Not financial advice.

Positive

• Second-tranche flow-through financing raises $600,000 at $0.32 per share
• Proceeds allocated to Canadian Exploration Expenses at Kenbridge project
• Financing supports continued exploration and development activities in Northwestern Ontario

Negative

• 6% cash commission reduces net proceeds from the $600,000 financing
• 112,500 one-year broker warrants create potential future share dilution

News Market Reaction – TTSRF

-6.35%

1 alert

-6.35% News Effect

On the day this news was published, TTSRF declined 6.35%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - May 12, 2026) - Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan" or the "Company") is pleased to announce that the Company has closed our second tranche of flow-through financing for gross proceeds of $600,000 through the issuance of flow-through common shares at a price of $0.32 per share. A 6% commission was paid in cash as well as 6% commission in broker warrants (112,500 broker warrants) which expire in one year from the date of this transaction to eligible agents.

The proceeds from the financing will be used to incur eligible Canadian Exploration Expenses (CEE), as defined in the Income Tax Act (Canada), which will be renounced to subscribers, and will be directed toward continued exploration and development activities at the Company's Kenbridge Nickel-Copper-Cobalt Project, Sioux Narrows, Northwestern Ontario.

Mark Appleby, President and CEO states, "We are pleased to have successfully closed the second tranche and will be advancing our spring work program at Kenbridge shortly".

About Tartisan Nickel Corp.

Tartisan Nickel Corp. is a Canadian-based critical minerals exploration and development company which owns, the Kenbridge Nickel Project near Sioux Narrows, Northwestern Ontario, the Sill Lake Silver Property near Sault Ste. Marie, Ontario as well as the Night Danger Turtle Pond project near Dryden, Ontario.

Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA). Currently, there are 158,195,904 shares outstanding (162,616,961 fully diluted).

For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company's website at www.tartisannickel.com or on SEDAR+ at www.sedarplus.ca.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297142

FAQ

What financing did Tartisan Nickel (TTSRF) close on May 12, 2026?

Tartisan Nickel closed a second tranche of flow-through financing for gross proceeds of $600,000 at $0.32 per share. According to Tartisan Nickel, the financing involved issuing flow-through common shares to investors to support exploration activities.

At what price were Tartisan Nickel (TTSRF) flow-through shares issued in the second tranche?

The flow-through common shares were issued at a price of $0.32 per share. According to Tartisan Nickel, this pricing applied to the $600,000 second-tranche financing used to fund exploration at the Kenbridge Nickel-Copper-Cobalt Project.

How will Tartisan Nickel use the $600,000 flow-through financing proceeds?

The proceeds will be used to incur eligible Canadian Exploration Expenses (CEE). According to Tartisan Nickel, these funds will be directed toward continued exploration and development at the Kenbridge Nickel-Copper-Cobalt Project in Sioux Narrows, Northwestern Ontario.

What commissions were paid in Tartisan Nickel’s May 2026 flow-through financing?

Tartisan Nickel paid a 6% cash commission and issued 112,500 broker warrants as a 6% commission. According to Tartisan Nickel, the broker warrants expire one year from the transaction date and were granted to eligible agents.

What are the terms of the broker warrants issued in Tartisan Nickel’s (TTSRF) financing?

The company issued 112,500 broker warrants as part of a 6% commission to agents. According to Tartisan Nickel, these warrants expire one year from the transaction date, offering short-term participation potential for brokers.

Which project will benefit from Tartisan Nickel’s latest flow-through financing?

Funds from the $600,000 flow-through financing will support the Kenbridge Nickel-Copper-Cobalt Project. According to Tartisan Nickel, proceeds will advance exploration and development activities at Kenbridge in Sioux Narrows, Northwestern Ontario, including the upcoming spring work program.