Sirios Resources Inc. Closes Fully-Subscribed $25 Million Brokered LIFE Offering of Flow-Through Units and Units

Sirios Resources Inc. has successfully completed a significant $25 million private placement financing through a combination of flow-through units and hard dollar units, demonstrating strong investor confidence in the company's Quebec-based gold exploration portfolio. The offering consisted of 40,740,740 flow-through units priced at $0.27 each and 70,000,000 units at $0.20 each, with National Bank Capital Markets and MDCP Securities Ltd. serving as co-bookrunners and co-lead agents for the fully-subscribed offering.

The transaction was structured under the Listed Issuer Financing Exemption (LIFE), which allows Canadian investors to trade the securities immediately without typical hold periods, enhancing liquidity and marketability. The flow-through component provides tax advantages to investors while ensuring dedicated funding for qualifying Canadian exploration expenses on Sirios' projects in the Eeyou Istchee James Bay region. Each unit includes warrant coverage, with warrants exercisable at $0.30 until March 2027, providing potential additional funding if gold market conditions remain favorable.

This financing positions Sirios Resources well to advance its gold exploration activities in one of Canada's most promising mining regions. The Eeyou Istchee James Bay area has attracted significant investment and exploration activity in recent years, with several major discoveries highlighting the region's potential. The successful completion of this substantial financing, particularly in the current market environment, underscores investor confidence in Sirios' project portfolio and management team's ability to execute their exploration strategy.

The proceeds will primarily fund Canadian exploration expenses, with specific commitments to incur qualifying expenditures by December 31, 2027, and renounce them to flow-through investors by December 31, 2026. This timeline provides adequate runway for systematic exploration programs while meeting tax flow-through requirements, positioning the company to potentially advance its projects through various stages of development depending on exploration success.