Fox Tungsten Raises US$9.10 Million (C$12.7 Million) to Advance Tungsten Development

Fox Tungsten Ltd. has completed a US$9.10 mILLION (C$12.7 Million) bought deal private placement, including the full exercise of the underwriters' over-allotment option. The offering comprised 6.1 million hard units at US$0.118 (C$0.165) per unit and 48.875 million charity flow-through units at US$0.17 (C$0.24) per unit. The financing was led by Stifel Canada as lead underwriter and sole bookrunner, alongside PowerOne Capital Markets and Canaccord Genuity. The structure provides Fox Tungsten with capital tailored to support its mineral exploration and development activities, while the flow-through component is designed to fund eligible Canadian resource expenditures. The successful financing strengthens the company's funding position as it advances its tungsten-focused strategy, amid growing global interest in critical minerals essential to industrial applications and supply-chain security.

Advisory Team

MILLER THOMSON LLP

Adam Kline

Brandon Meyer

Wendy Wang

Kathryn Walker

Kobi Rosoph

Jacqueline Rintjema