CRESCAT INCREASES INVESTMENT AND CANTEX UPSIZES PRIVATE PLACEMENT TO $5 MILLION

Cantex Mine Development Corp. (TSXV: CD) has announced a significant increase in its private placement offering, now totaling $5 million, due to heightened investor interest. This revision follows the company's earlier announcement on July 11, 2025, and maintains all previously stated terms. Crescat Capital, a notable investor, has also raised its investment from the initial commitment to $800,000.

The funds from this private placement will be allocated towards Cantex's upcoming summer drilling program at the North Rackla Project, located in Canada's Yukon Territory. The primary focus will be on expanding known mineralization related to their zinc-lead-silver-germanium massive sulphide project and exploring new targets at their Copper project, which has previously yielded impressive drill results of up to 7.32% copper.

The private placement will consist of a combination of charity flow-through units (CFT units) priced at $0.21 each and hard units priced at $0.14 each. The total gross proceeds of $5 million will be raised through the issuance of 21,261,903 CFT units and 3,821,429 Units. Each CFT unit includes one flow-through share and one non-flow-through warrant, while each hard unit comprises one common share and one non-flow-through warrant. The warrants allow the purchase of additional shares at $0.21 for a term of three years.

Cantex's North Rackla Project, encompassing 20,000 hectares, has shown significant high-grade mineral deposits, with over 86,000 meters of drilling defining extensive mineralization. The company, led by Dr. Charles Fipke, continues to build its efforts based on strong geological findings. The offering is pending acceptance from the TSX Venture Exchange.

In the recent financial landscape, Cantex Mine Development Corp. (TSXV: CD) has taken a decisive step by upsizing its private placement to $5 million, capitalizing on heightened investor interest. This increase is not merely a response to market enthusiasm but also a strategic move to fund their ambitious summer drilling program at the North Rackla project, where high-grade mineralization has been documented. The participation of Crescat Capital, boosting their investment to $800,000, underscores market confidence in Cantex's growth potential.

Investors should view this development as a positive indicator of the company’s operational and financial health. The funds generated from the private placement will be channeled into expanding mineralization in their zinc-lead-silver-germanium project, as well as exploring new targets within their Copper project, which has previously delivered impressive results, including 7.32% copper intersections.

The pricing structure of the offering—CFT units at $0.21 and hard units at $0.14—along with the attached warrants, provides a compelling investment avenue for both new and existing shareholders. With demand for commodities like copper and silver remaining strong due to ongoing shifts toward renewable energy and electric vehicles, Cantex stands poised to benefit from a favorable market dynamic.

However, potential investors should remain mindful of the inherent risks in mining investments, including fluctuating commodity prices and exploration outcomes. The nature of the mining industry means that operational risks are present, particularly during exploratory phases. Consequently, while Cantex's plans signal growth potential, a careful analysis of market conditions and company performance is essential for making informed investment decisions. Overall, Cantex represents a potentially lucrative opportunity within the mining sector, especially for those with a keen eye on resource exploration.