Decade Resources Ltd. Secures $255,000 in Private Placement While Advancing Exploration on the North Mitchell Property

Decade Resources Ltd. (ticker: DRC, TSX: DRC) confirmed the successful completion of a private placement that raised a total of $255 000 CAD. The transaction, closed on September 17, 2025, is expected to strengthen the company’s working capital and support its ongoing exploration program in British Columbia.

The capital raised will be directed toward the expansion of drilling activities at the North Mitchell property in the Golden Triangle, where Decade recently reported the discovery of mineralized quartz veins and porphyry indicators. These findings, announced on September 16, 2025, reinforce the property’s potential for copper, gold, and silver resources, aligning with the company’s core focus on metals and mining exploration.

In parallel, Decade announced the termination of its sale agreements for the Red Cliff and Premier East properties to Mabel Ventures Inc. on September 15, 2025. Mabel Ventures subsequently confirmed the mutual termination of the purchase agreement in a separate statement dated the same day. The decision allows Decade to concentrate its resources and management attention on the North Mitchell project, which has shown promising geological signatures.

Market Impact and Forward Outlook

The private placement, while modest in size relative to the company’s market capitalization of approximately 6.5 million CAD, delivers liquidity that can be deployed rapidly for drilling and assay work. Given the recent geological positives, Decade’s exploration strategy appears poised to generate higher-grade targets in the short term. Analysts will be watching for the next set of drilling results and any updates on the feasibility of the North Mitchell deposit.

With the company’s share price currently hovering around $0.04 CAD—well below its 52‑week low of $0.02 and near its 52‑week high of $0.07—the capital infusion could provide a buffer against market volatility while positioning Decade for a potential rebound once exploration milestones are achieved.

Decade Resources continues to pursue its objective of identifying and developing high‑potential copper, gold, and silver assets in Canada. The recent private placement and the focused exploration strategy signal a deliberate move toward a more streamlined portfolio and a clearer path to value creation for shareholders.