Calgary, Alberta--(Newsfile Corp. - December 31, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce, further to its news release dated December 19, 2025, that it has closed a non-brokered private placement of 2,000,000 units (the "Units"), at a price of $0.15 per Unit, for gross proceeds of approximately $300,000 (the "Private Placement"). Each Unit issued under the Private Placement consists of one "flow-through" common share (a "Common Share") and one-half of one Common Share purchase warrant (each, a "Warrant"), with each whole Warrant entitling the holder to purchase one (non-flow-through) Common Share at a price of $0.20 for a period of 24 months.
The proceeds from the Private Placement will be used to incur "Canadian exploration expenses", such that they qualify as flow-through mining expenditures for purposes of the Income Tax Act (Canada) and can be renounced to the purchasers thereof.
In connection with the Private Placement, the Company paid an aggregate of $18,000 in cash finder's fees and issued 120,000 finder's warrants, with each such warrant being exercisable to acquire one Common Share at a price of $0.20 for a period of 24 months.
The securities issued under the Private Placement will be subject to a hold period of four months and one day.
The securities described herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Argyle Resources Corp.
Argyle Resources Corp. is a junior mineral exploration company engaged in the business of acquiring, exploring, staking and evaluating natural resource properties in North America. The Company owns a 100% interest in the Pilgrim Islands, Matapédia, Lac Comporté and Saint Gabriel quartzite silica projects in Québec, Canada. The Company also has an option to acquire 100% of the Clay Howell Rare Earths Project in northern Ontario, Canada. Argyle is engaged in a research partnership with the National Institute of Scientific Research, a highlevel research and training institute funded by the Québec government to conduct exploration programs on the Company's silica projects.
For all other inquiries:
Email: info@argylresourcescorp.com Phone: (825) 7240033
Website: www.argyleresourcescorp.com
ForwardLooking Statements
This news release contains forwardlooking statements and other statements that are not historical facts. Forwardlooking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release such as statements regarding the intended use of proceeds from the Private Placement are forwardlooking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include but are not limited to the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forwardlooking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company.
Factors that could cause actual results to vary from forwardlooking statements or may affect the operations, performance, development and results of the Company's business include, among other things, that the use of proceeds raised from the Private Placement may not be utilized as currently intended; that mineral exploration is inherently uncertain and may be unsuccessful in achieving the desired results; that mineral exploration plans may change and be redefined based on a number of factors, many of which are outside of the Company's control; the Company's ability to access sources of debt and equity capital; competitive factors, pricing pressures and supply and demand in the Company's industry. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forwardlooking statements contained in this news release are expressly qualified by this cautionary statement. The forwardlooking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forwardlooking statements as expressly required by applicable law.
The CSE has not reviewed, approved, or disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279266
Source: Argyle Resources Corp.
