Sirios adds $3.5million to its cash reserves following the exercise of warrants and stock options

Sirios Resources Inc. has strengthened its financial position through a $3.47 million capital injection from warrant and option exercises, demonstrating strong institutional support for its Quebec-based gold exploration activities. The financing involved the exercise of 28.4 million warrants and 2.1 million options, resulting in the issuance of 30.5 million shares and bringing the total outstanding shares to 671.1 million.

The transaction reflects notable confidence from major Quebec institutional investors, with CDPQ Sodémex Inc., a subsidiary of La Caisse de dépôt et placement du Québec, contributing $1 million through early exercise of 2027-expiring warrants. NQ Investissement Minier also participated with $0.5 million in warrant exercises. This institutional backing underscores the appeal of Sirios's gold assets in the strategically important Eeyou Istchee James Bay region.

The company is actively pursuing market visibility through participation in multiple mining finance conferences across North America and Europe during the second quarter, including events in Frankfurt, New York, and Quebec City. This enhanced investor engagement strategy aligns with Sirios's recent corporate developments, including its December 2025 acquisition of OVI Mining, which CEO Jean-Félix Lepage characterized as a milestone in the company's history.

The financing provides Sirios with greater operational flexibility to advance its flagship Cheechoo gold deposit and other high-potential projects in the James Bay region. With Quebec's mining sector benefiting from supportive government policies and growing institutional interest, Sirios appears well-positioned to capitalize on the current favorable environment for Canadian gold exploration companies.