DLP Resources Raises US$4.28 Million (C$6 Million) to Advance Base Metals Exploration

DLP Resources Inc. has completed a US$4.28 Million (C$6 Million) brokered equity private placement, including the full exercise of the agent's option, to accelerate its mineral exploration activities. The company issued 24 million units at US$0.18 (C$0.25) per unit, with Red Cloud Securities Inc. acting as a sole agent and bookrunner.

The financing was completed under Canada's listed issuer financing exemption, enabling efficient access to capital markets. DLP will use the proceeds to advance exploration across its portfolio of base metals and cobalt projects in Southeastern British Columbia and Peru, supporting ongoing drilling and resource development.

The successful raise reflects continued investor interest in critical minerals exploration, driven by growing global demand for metals essential to electrification, renewable energy and battery technologies.

Advisory Team:

Miller Thomson LLP

Jonathan Tong

Geoff Clarke

Mack Hosseinian

Connor Broude

Calvin Wang

Sean Kim

Abby Sasitharan