Slam Exploration Ltd. Secures Funding and Leadership Changes Amidst Strategic Developments

In a significant move for Slam Exploration Ltd., a materials sector company specializing in gold and base metal exploration, the company has successfully closed a financing round and announced key leadership changes. Based in Canada, with operations in New Brunswick and Ontario, Slam Exploration is focused on acquiring and exploring mining claims, holding options for a 100% stake in New Brunswick and up to an 80% stake in Ontario.

On June 12, 2025, Slam Exploration Ltd. announced the successful closure of a non-brokered flow-through private placement, initially announced on May 21 and May 26, 2025. The company raised $350,000 through the issuance of 10,000,000 Flow Through Units (FT Units) at a price of $0.035 per unit. Each FT Unit comprises one common share issued on a “flow-through” basis and one-half common share purchase warrant issued on a “non-flow-through” basis. These warrants allow holders to acquire one non-flow-through common share at $0.05 over a 24-month period from the closing date. The FT Units are subject to a four-month and one-day hold period.

This financing round is a strategic step for Slam Exploration, providing the necessary capital to advance its exploration activities. The funds are expected to support the company’s efforts in acquiring and developing its mining claims, potentially unlocking significant value in the metals and mining sector.

In conjunction with the financing, Slam Exploration has also undergone notable leadership changes. The company announced the resignation of a director and the appointment of a new director and a vice president. These changes are part of the company’s ongoing efforts to strengthen its leadership team and enhance its strategic direction.

Despite these positive developments, Slam Exploration’s financial metrics reflect the challenges faced by many exploration companies. As of June 11, 2025, the company’s close price was $0.04 CAD, with a 52-week high of $0.06 CAD on August 6, 2024, and a low of $0.02 CAD on April 23, 2025. The market capitalization stands at 3,770,000 CAD, and the price-to-earnings ratio is currently negative at -10.29, indicating that the company is not yet profitable.

These developments come at a crucial time for Slam Exploration as it seeks to capitalize on its strategic options in New Brunswick and Ontario. The successful financing and leadership changes are expected to bolster the company’s position in the competitive metals and mining industry, setting the stage for future growth and exploration success.

For more information on Slam Exploration Ltd. and its activities, interested parties can visit their website at www.slamexploration.com or follow their trading on the TSX Venture Exchange.