DLP Resources Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million

DLP Resources Inc. has entered into an agreement with Red Cloud Securities Inc. for a best efforts private placement offering targeting gross proceeds of up to C$5 million. The company will issue up to 20 million units priced at C$0.25 per unit, with each unit comprising one common share and one warrant exercisable at C$0.35 for 36 months beginning 61 days after closing. Red Cloud has been granted an option to sell an additional 4 million units for up to C$1 million in additional proceeds.

The financing structure utilizes the listed issuer financing exemption under National Instrument 45-106, allowing for immediate free trading of securities for Canadian residents across five provinces. The offering is expected to close on May 21, 2026, subject to regulatory approvals including TSX Venture Exchange consent. This represents a significant capital raise for the junior exploration company, which trades on multiple exchanges including TSXV, OTCQB, and FSE.

Proceeds from the offering will primarily support advancement of DLP's Aurora Cu-Mo-Ag Project in southwest Peru and exploration activities at the Esperanza Cu-Mo Project in southern Peru. The company's focus on base metals and cobalt exploration positions it within the critical minerals sector, particularly relevant given current supply chain concerns and energy transition metal demand. The successful completion of this financing would provide DLP with substantial working capital to advance its Peruvian assets through the next phase of development.

The timing of this financing reflects broader market conditions for junior mining companies, particularly those focused on copper and other energy transition metals. With copper prices remaining elevated due to supply constraints and growing demand from renewable energy infrastructure, DLP's copper-molybdenum-silver projects in Peru represent strategic assets in a favorable commodity environment. The company's dual-country operational footprint, spanning British Columbia and Peru, provides geographic diversification while maintaining focus on jurisdictions with established mining frameworks.