Greenridge Exploration Inc. Completes Flow‑Through Private Placement to Fund Canadian Exploration Activities

VANCOUVER – Greenridge Exploration Inc. (CSE: GXP) closed a non‑brokered private placement of flow‑through units (FT Units) on December 22, 2025, raising $2 035 977.65 in gross proceeds. The transaction, announced in a Globe Newswire release, follows the company’s December 1 announcement of the offering and represents a significant capital injection for its Canadian exploration agenda.

Structure of the Offering

  • Total Units Issued: 5,817,079 FT Units
  • Price per Unit: $0.35 CAD
  • Unit Composition:
  • One common share (FT Share) issued on a flow‑through basis under the Income Tax Act (Canada)
  • One common‑share purchase warrant

The warrant, exercisable at $0.40 per share for 24 months, provides an additional upside for investors should Greenridge’s share price appreciate.

Use of Proceeds

All gross proceeds will be allocated to eligible Canadian exploration expenses that qualify as “flow‑through mining expenditures” under the Income Tax Act. These expenditures will be renounced in favor of the subscribers of the FT Units effective December 31, 2025. By securing tax‑efficient financing, Greenridge positions itself to accelerate drilling and resource development on its Yukon‑based properties while maintaining its commitment to sustainable and environmentally responsible mining.

Market Context

Greenridge’s share price closed at $0.375 CAD on December 18, 2025, within a 52‑week range of $0.33 to $0.99. With a market capitalisation of roughly $20.96 million CAD, the company remains a niche player in Canada’s exploration sector, yet its focused pipeline and flow‑through structure give it a distinct advantage over peers.

Forward‑Looking Perspective

The successful completion of this financing round signals confidence from institutional and private investors in Greenridge’s exploration strategy. By channeling funds directly into qualifying Canadian projects, the company is poised to advance its flagship Yukon assets, potentially unlocking significant gold and silver resources. Continued adherence to sustainable mining practices and rigorous environmental stewardship further enhances its appeal to ESG‑conscious capital providers.

As Greenridge moves forward, the market will watch for progress reports on drilling outcomes, resource estimates, and any subsequent capital‑raising activities that may support the company’s long‑term growth trajectory.