CANTEX ANNOUNCES CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT; RAISES $5.28 MILLION

Cantex Mine Development Corp. (TSXV: CD) has successfully closed an oversubscribed non-brokered private placement, raising a total of $5,282,391.80 on August 14, 2025. The offering comprises 21,333,332 charity flow-through units priced at $0.21 each and 5,731,372 hard units at $0.14 each. Each charity flow-through unit contains one flow-through share and one warrant, while each hard unit includes one common share and one warrant. The warrants allow holders to acquire additional shares at $0.21 for a term of three years.

Significantly, noted investors Crescat Capital and Rob McEwen, founder of Goldcorp and McEwen Mining, have both increased their stakes in Cantex through this placement. The company allocated $151,969 in finder's fees, compensating certain finders with cash and the issuance of 1,067,996 non-transferable finder's warrants.

The funds raised will primarily be directed towards Cantex's summer drill program at the North Rackla project, which aims to expand mineralization in its zinc-lead-silver-germanium massive sulphide project. Additionally, the company plans to evaluate new targets within its Copper project, where previous drilling has uncovered impressive copper grades of up to 7.32%.

Cantex is focused on its extensive North Rackla Project in the Yukon Territory, encompassing 20,000 hectares where high-grade mineralization has been identified. This project has seen more than 86,000 meters of drilling delineating high-grade silver-lead-zinc-germanium deposits.

All securities issued in connection with this offering are subject to a hold period expiring on December 15, 2025.

Cantex Mine Development Corp. has successfully closed an oversubscribed private placement, raising approximately $5.28 million, signaling a strong market demand and robust investor confidence. This capital infusion, derived from the sale of charity flow-through and hard units, will fund the company’s enhanced exploration initiatives at its North Rackla project in Yukon, known for its high-grade zinc-lead-silver-germanium mineralization.

From an investment perspective, this capital raise is encouraging for potential and current shareholders. The involvement of notable investors such as Crescat Capital and Rob McEwen, a high-profile name in mining, adds credibility to Cantex's strategic direction and may lead to increased investor interest moving forward. The terms of the offering also suggest significant leverage for investors, as warrants allow for future equity at a favorable price, offering a hedge against market volatility.

With 86,000 meters of drilling already conducted, the potential for further high-grade discoveries exists, especially with the ongoing summer drill program aimed at expanding mineralization and identifying new targets. The emphasis on the company’s commitment to growth through exploration underscores its intentions to capitalize on existing mineral resources and potentially attract further investment.

However, investors should be aware of certain considerations. The share securities from this offering are subject to a four-month hold period, limiting immediate liquidity for new investors. Additionally, the performance of Cantex shares will remain closely tied to the success of its drilling programs and broader market conditions in the mining sector.

Overall, with a strong backing, strategic plans for resource expansion, and a focus on high-potential mineralization, Cantex Mine Development Corp. could be a compelling investment opportunity for those interested in the mining sector, provided they are aligned with the inherent risks of exploration activities.