{"success":true,"data":{"pressRelease":{"id":"159868","rtpr_id":"nNFC6fkltN-20261005","ticker":"KRIT","exchange":"","all_tickers":["KRIT"],"title":"Krait Critical Minerals Closes Second Tranche of Private Placement; Aggregate Proceeds Reach $1.51 Million","author":"Newsfile Corp","published_at":"2026-10-05T03:15:43.998Z","article_body":"Vancouver, British Columbia--(Newsfile Corp. - October 4, 2026) - Krait\nCritical Minerals Corp. (CSE: KRIT) (FSE: U0S) (the \"Company\" or\n\"Krait\") is pleased to announce that it has closed the first tranche of its\npreviously announced non-brokered private placement (the \"Offering\"), issuing\n1,631,100 common shares (the \"Shares\") at $0.75 per Share for gross proceeds\nof $1,223,325.\n\nFurther to its news releases dated September 8, 2026\n(https://api.newsfilecorp.com/redirect/noMYmhyyAG), and September 16, 2026\n(https://api.newsfilecorp.com/redirect/KLwnzuww4E), and September 25, 2026\n(https://api.newsfilecorp.com/redirect/EZBpqT228X), the Company has now issued\nan aggregate of 2,016,099 common shares under the Offering for total gross\nproceeds of $1,512,074.25. The Offering was increased to a maximum of\n$2,000,000 on September 16, 2026. No warrants were issued to subscribers in\nconnection with the second tranche. The Company expects to close the final\ntranche of the Offering within approximately one week, subject to customary\nclosing conditions and any required regulatory approvals.\n\nIn connection with this closing, the Company paid aggregate cash finder's fees\nof $3,675 and issued 4,900 non-transferable finder's warrants. Each finder's\nwarrant entitles the holder to acquire one common share of the Company at an\nexercise price of $0.95 for a period of one year from the date of issuance,\nsubject to applicable securities laws and Canadian Securities Exchange (\"CSE\")\npolicies.\n\n\"With the second tranche now closed, we have raised approximately $1.51\nmillion to support our exploration and evaluation priorities,\" said Oscar\nMendoza, Chief Executive Officer and Director of Krait. \"We appreciate the\ncontinued support of our investors as we advance work at Goldbar Spider Lake\nand assess the antimony opportunities held through Nevada Hills in Washington\nState.\"\n\nThe Company intends to use the net proceeds for exploration expenditures at\nits Goldbar Spider Lake Project in Ontario; continued evaluation of assets\nheld through its wholly owned subsidiary, Nevada Hills Antimony LLC (\"Nevada\nHills\"), including interests relating to the Bales Antimony Project and the\nAntimony Bell Project in Washington State; and general working capital and\ncorporate purposes.\n\nKrait completed its acquisition of Nevada Hills on September 16, 2026. Nevada\nHills holds contractual rights to acquire the underlying Bales claims; the\nacquisition of Nevada Hills did not give Krait direct ownership of those\nclaims.\n\nThe Shares and finder's warrants issued in connection with the second tranche,\ntogether with any common shares issued upon exercise of the finder's warrants\nbefore expiry of the applicable hold period, are subject to a statutory hold\nperiod of four months and one day from their respective dates of issuance, in\naddition to any applicable Canadian Securities Exchange (\"CSE\") restrictions.\n\nAbout Krait Critical Minerals Corp.\n\nKrait Critical Minerals Corp. is a Canadian mineral exploration company\nfocused on advancing its Goldbar Spider Lake Project in Ontario while\nevaluating additional mineral opportunities in North America. The Company's\nstrategy is to combine disciplined project evaluation, modern exploration\ntechnologies and responsible field programs to identify and advance\nhigh-quality exploration opportunities with the potential to create long-term\nshareholder value.\n\nKrait's flagship asset is the Goldbar Spider Lake Project in Ontario's Thunder\nBay Mining Division, approximately 20 kilometres east of Terrace Bay and 30\nkilometres west-northwest of Marathon. The 3,636-hectare (approximately\n8,985-acre) property comprises 148 mining claims and 171 claim units, and\nKrait has an option to earn a 100% interest, subject to a 3% net smelter\nreturn royalty. Located within the western Schreiber-Hemlo Greenstone Belt,\nthe Project benefits from year-round access via Highway 17, nearby rail and\npower infrastructure, and proximity to established mining communities and\nservice providers.\n\nKrait acquired Nevada Hills Antimony LLC (\"Nevada Hills\") on September 16,\n2026. Through Nevada Hills, Krait holds contractual interests relating to the\nBales Antimony Project, together with interests in the Antimony Bell Project\nand other related assets in Washington State. The acquisition expanded Krait's\ncritical-minerals portfolio to include U.S.-based antimony exploration\nopportunities.\n\nInvestors are encouraged to visit Krait's new corporate website at\nwww.kraitminerals.com to learn more about the Company, its Goldbar Spider Lake\nProject, management team, corporate strategy and latest news.\n\nAll stakeholders are encouraged to follow the Company on LinkedIn\n(https://api.newsfilecorp.com/redirect/7nNvkUeeAb), X.com\n(https://api.newsfilecorp.com/redirect/ejMBruzzG1), Facebook\n(https://api.newsfilecorp.com/redirect/87XJBU553M), and Instagram\n(https://api.newsfilecorp.com/redirect/y4V8YuaaGm).\n\nNeither the Canadian Securities Exchange nor its Regulation Services Provider\n(as that term is defined in the policies of the CSE) accepts responsibility\nfor the adequacy or accuracy of this release.\n\nOn Behalf of the Board of Directors\nOscar Mendoza\nChief Executive Officer and Director\n\nFor further information, please contact:\nKrait Critical Minerals Corp.\nSteve Vanry - CFO\nPhone: +1 604 671-9522\nEmail: steve@kraitminerals.com\n\nDisclaimer for Forward-Looking Information\n\nThis news release contains forward-looking statements and forward-looking\ninformation (collectively, \"forward-looking information\") within the meaning\nof applicable Canadian securities laws. Forward-looking information is often\nidentified by words such as \"expects,\" \"intends,\" \"plans,\" \"anticipates,\"\n\"may,\" \"will,\" \"could\" and similar expressions. Forward-looking information in\nthis release includes statements concerning the anticipated application of net\nproceeds; the Company's planned exploration expenditures and activities at\nGoldbar Spider Lake; continued evaluation of the Nevada Hills assets,\nincluding antimony opportunities in Washington State; and Krait's exploration\nand corporate plans.\n\nForward-looking information is based on management's current expectations and\nassumptions as of the date of this release, including that subscribers will\nfund their commitments, customary closing conditions will be satisfied and any\nrequired regulatory approvals will be obtained; that market conditions will\nremain suitable; required permits and property access will be obtained;\ncontractors and other resources will be available; and the Company will be\nable to carry out its planned activities and apply the proceeds substantially\nas intended. These assumptions may prove incorrect.\n\nForward-looking information is subject to known and unknown risks,\nuncertainties and other factors that may cause actual results to differ\nmaterially from those expressed or implied. These include the risk that the\nfinal tranche is delayed, raises less than anticipated or does not close; that\nsubscriptions are changed or withdrawn; that required regulatory approvals are\ndelayed or not obtained; changes in market conditions, exploration priorities\nor costs; permitting or access delays; contractor availability; adverse\ntechnical results; uncertainty in geological interpretation; risks relating to\ncontractual property interests and obligations under applicable agreements;\nand the risk that actual use of proceeds differs from the present plan.\nAdditional risks are described in the Company's continuous disclosure filings\navailable on SEDAR+ at www.sedarplus.ca.\n\nThere can be no assurance that the final tranche will close within the\nanticipated timeframe or at all, that the Offering will raise its maximum\namount, or that planned exploration and evaluation activities will proceed as\nanticipated or result in a mineral discovery. Readers should not place undue\nreliance on forward-looking information. Except as required by applicable\nsecurities laws, the Company undertakes no obligation to update or revise such\ninformation as a result of new information, future events or otherwise.\n\n###\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/317356","article_body_html":"","raw_payload":{"data":{"id":"nNFC6fkltN-20261005","title":"Krait Critical Minerals Closes Second Tranche of Private Placement; Aggregate Proceeds Reach $1.51 Million","author":"Newsfile Corp","ticker":"KRIT","created":"2026-10-05T03:15:43.998Z","tickers":["KRIT"],"exchange":"","article_body":"Vancouver, British Columbia--(Newsfile Corp. - October 4, 2026) - Krait\nCritical Minerals Corp. (CSE: KRIT) (FSE: U0S) (the \"Company\" or\n\"Krait\") is pleased to announce that it has closed the first tranche of its\npreviously announced non-brokered private placement (the \"Offering\"), issuing\n1,631,100 common shares (the \"Shares\") at $0.75 per Share for gross proceeds\nof $1,223,325.\n\nFurther to its news releases dated September 8, 2026\n(https://api.newsfilecorp.com/redirect/noMYmhyyAG), and September 16, 2026\n(https://api.newsfilecorp.com/redirect/KLwnzuww4E), and September 25, 2026\n(https://api.newsfilecorp.com/redirect/EZBpqT228X), the Company has now issued\nan aggregate of 2,016,099 common shares under the Offering for total gross\nproceeds of $1,512,074.25. The Offering was increased to a maximum of\n$2,000,000 on September 16, 2026. No warrants were issued to subscribers in\nconnection with the second tranche. The Company expects to close the final\ntranche of the Offering within approximately one week, subject to customary\nclosing conditions and any required regulatory approvals.\n\nIn connection with this closing, the Company paid aggregate cash finder's fees\nof $3,675 and issued 4,900 non-transferable finder's warrants. Each finder's\nwarrant entitles the holder to acquire one common share of the Company at an\nexercise price of $0.95 for a period of one year from the date of issuance,\nsubject to applicable securities laws and Canadian Securities Exchange (\"CSE\")\npolicies.\n\n\"With the second tranche now closed, we have raised approximately $1.51\nmillion to support our exploration and evaluation priorities,\" said Oscar\nMendoza, Chief Executive Officer and Director of Krait. \"We appreciate the\ncontinued support of our investors as we advance work at Goldbar Spider Lake\nand assess the antimony opportunities held through Nevada Hills in Washington\nState.\"\n\nThe Company intends to use the net proceeds for exploration expenditures at\nits Goldbar Spider Lake Project in Ontario; continued evaluation of assets\nheld through its wholly owned subsidiary, Nevada Hills Antimony LLC (\"Nevada\nHills\"), including interests relating to the Bales Antimony Project and the\nAntimony Bell Project in Washington State; and general working capital and\ncorporate purposes.\n\nKrait completed its acquisition of Nevada Hills on September 16, 2026. Nevada\nHills holds contractual rights to acquire the underlying Bales claims; the\nacquisition of Nevada Hills did not give Krait direct ownership of those\nclaims.\n\nThe Shares and finder's warrants issued in connection with the second tranche,\ntogether with any common shares issued upon exercise of the finder's warrants\nbefore expiry of the applicable hold period, are subject to a statutory hold\nperiod of four months and one day from their respective dates of issuance, in\naddition to any applicable Canadian Securities Exchange (\"CSE\") restrictions.\n\nAbout Krait Critical Minerals Corp.\n\nKrait Critical Minerals Corp. is a Canadian mineral exploration company\nfocused on advancing its Goldbar Spider Lake Project in Ontario while\nevaluating additional mineral opportunities in North America. The Company's\nstrategy is to combine disciplined project evaluation, modern exploration\ntechnologies and responsible field programs to identify and advance\nhigh-quality exploration opportunities with the potential to create long-term\nshareholder value.\n\nKrait's flagship asset is the Goldbar Spider Lake Project in Ontario's Thunder\nBay Mining Division, approximately 20 kilometres east of Terrace Bay and 30\nkilometres west-northwest of Marathon. The 3,636-hectare (approximately\n8,985-acre) property comprises 148 mining claims and 171 claim units, and\nKrait has an option to earn a 100% interest, subject to a 3% net smelter\nreturn royalty. Located within the western Schreiber-Hemlo Greenstone Belt,\nthe Project benefits from year-round access via Highway 17, nearby rail and\npower infrastructure, and proximity to established mining communities and\nservice providers.\n\nKrait acquired Nevada Hills Antimony LLC (\"Nevada Hills\") on September 16,\n2026. Through Nevada Hills, Krait holds contractual interests relating to the\nBales Antimony Project, together with interests in the Antimony Bell Project\nand other related assets in Washington State. The acquisition expanded Krait's\ncritical-minerals portfolio to include U.S.-based antimony exploration\nopportunities.\n\nInvestors are encouraged to visit Krait's new corporate website at\nwww.kraitminerals.com to learn more about the Company, its Goldbar Spider Lake\nProject, management team, corporate strategy and latest news.\n\nAll stakeholders are encouraged to follow the Company on LinkedIn\n(https://api.newsfilecorp.com/redirect/7nNvkUeeAb), X.com\n(https://api.newsfilecorp.com/redirect/ejMBruzzG1), Facebook\n(https://api.newsfilecorp.com/redirect/87XJBU553M), and Instagram\n(https://api.newsfilecorp.com/redirect/y4V8YuaaGm).\n\nNeither the Canadian Securities Exchange nor its Regulation Services Provider\n(as that term is defined in the policies of the CSE) accepts responsibility\nfor the adequacy or accuracy of this release.\n\nOn Behalf of the Board of Directors\nOscar Mendoza\nChief Executive Officer and Director\n\nFor further information, please contact:\nKrait Critical Minerals Corp.\nSteve Vanry - CFO\nPhone: +1 604 671-9522\nEmail: steve@kraitminerals.com\n\nDisclaimer for Forward-Looking Information\n\nThis news release contains forward-looking statements and forward-looking\ninformation (collectively, \"forward-looking information\") within the meaning\nof applicable Canadian securities laws. Forward-looking information is often\nidentified by words such as \"expects,\" \"intends,\" \"plans,\" \"anticipates,\"\n\"may,\" \"will,\" \"could\" and similar expressions. Forward-looking information in\nthis release includes statements concerning the anticipated application of net\nproceeds; the Company's planned exploration expenditures and activities at\nGoldbar Spider Lake; continued evaluation of the Nevada Hills assets,\nincluding antimony opportunities in Washington State; and Krait's exploration\nand corporate plans.\n\nForward-looking information is based on management's current expectations and\nassumptions as of the date of this release, including that subscribers will\nfund their commitments, customary closing conditions will be satisfied and any\nrequired regulatory approvals will be obtained; that market conditions will\nremain suitable; required permits and property access will be obtained;\ncontractors and other resources will be available; and the Company will be\nable to carry out its planned activities and apply the proceeds substantially\nas intended. These assumptions may prove incorrect.\n\nForward-looking information is subject to known and unknown risks,\nuncertainties and other factors that may cause actual results to differ\nmaterially from those expressed or implied. These include the risk that the\nfinal tranche is delayed, raises less than anticipated or does not close; that\nsubscriptions are changed or withdrawn; that required regulatory approvals are\ndelayed or not obtained; changes in market conditions, exploration priorities\nor costs; permitting or access delays; contractor availability; adverse\ntechnical results; uncertainty in geological interpretation; risks relating to\ncontractual property interests and obligations under applicable agreements;\nand the risk that actual use of proceeds differs from the present plan.\nAdditional risks are described in the Company's continuous disclosure filings\navailable on SEDAR+ at www.sedarplus.ca.\n\nThere can be no assurance that the final tranche will close within the\nanticipated timeframe or at all, that the Offering will raise its maximum\namount, or that planned exploration and evaluation activities will proceed as\nanticipated or result in a mineral discovery. Readers should not place undue\nreliance on forward-looking information. Except as required by applicable\nsecurities laws, the Company undertakes no obligation to update or revise such\ninformation as a result of new information, future events or otherwise.\n\n###\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/317356"},"type":"article","timestamp":"2026-10-05T03:15:44.041135934Z","server_sent_at_ms":1791170144041},"received_at":"2026-10-05T03:15:44.092Z","source_url":"https://www.newsfilecorp.com/release/317356"},"analysis":{"id":"148452","press_release_id":"159868","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["ongoing dilution from private placement tranches with final tranche still pending","Nevada Hills acquisition provides only contractual rights to Bales claims, not direct ownership"],"eventType":"offering","narrative":"Krait Critical Minerals closed the second tranche of its non-brokered private placement, issuing 1,631,100 shares at $0.75 for gross proceeds of $1,223,325.\n\nAggregate proceeds under the Offering now total approximately $1.51 million against an upsized $2.0 million maximum, with the final tranche expected to close within roughly a week. No warrants were issued with this tranche.\n\nNet proceeds fund exploration at the Goldbar Spider Lake gold project in Ontario and evaluation of Nevada Hills antimony assets in Washington State, including the Bales and Antimony Bell projects.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Micro-cap explorer extends financing runway with $1.51M raised; watch final tranche close and antimony asset evaluation."},"keyFigures":{"dealValueUsd":1223325,"offeringPrice":0.75,"sharesOffered":1631100,"customDimensions":{"finders_fees_cash":3675,"offering_max_size":2000000,"warrant_exercise_price":0.95,"aggregate_shares_issued":2016099,"finders_warrants_issued":4900,"aggregate_gross_proceeds":1512074.25}},"quotedText":"With the second tranche now closed, we have raised approximately $1.51 million to support our exploration and evaluation priorities","namedEntities":{"people":[{"name":"Oscar Mendoza","role":"CEO and Director"},{"name":"Steve Vanry","role":"CFO"}],"products":["Goldbar Spider Lake Project","Bales Antimony Project","Antimony Bell Project"],"companies":[{"name":"Krait Critical Minerals Corp.","ticker":"KRIT","relationship":"filer"},{"name":"Nevada Hills Antimony LLC","relationship":"wholly owned subsidiary"}],"dollarAmounts":[{"amount":"$1,223,325","context":"gross proceeds of second tranche"},{"amount":"$1,512,074.25","context":"aggregate gross proceeds under the Offering"},{"amount":"$2,000,000","context":"maximum Offering size after increase"},{"amount":"$3,675","context":"aggregate cash finder's fees"},{"amount":"$0.75","context":"price per Share"},{"amount":"$0.95","context":"finder's warrant exercise price"}]},"materialImpact":{"score":2,"reasoning":"Routine closing of a small non-brokered private placement tranche ($1.51M aggregate) for a micro-cap explorer; modest dilution with no warrants in the second tranche, but not a market-moving event."},"tickerRelevance":{"others":[],"primary":"KRIT"},"globalImportance":10,"audienceRelevance":8,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"routine-private-placement-tranche","issuerAuthored":true}},"event_type":"offering","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Krait Critical Minerals closed the second tranche of its non-brokered private placement, issuing 1,631,100 shares at $0.75 for gross proceeds of $1,223,325.\n\nAggregate proceeds under the Offering now total approximately $1.51 million against an upsized $2.0 million maximum, with the final tranche expected to close within roughly a week. No warrants were issued with this tranche.\n\nNet proceeds fund exploration at the Goldbar Spider Lake gold project in Ontario and evaluation of Nevada Hills antimony assets in Washington State, including the Bales and Antimony Bell projects.","key_figures":{"dealValueUsd":1223325,"offeringPrice":0.75,"sharesOffered":1631100,"customDimensions":{"finders_fees_cash":3675,"offering_max_size":2000000,"warrant_exercise_price":0.95,"aggregate_shares_issued":2016099,"finders_warrants_issued":4900,"aggregate_gross_proceeds":1512074.25}},"named_entities":{"people":[{"name":"Oscar Mendoza","role":"CEO and Director"},{"name":"Steve Vanry","role":"CFO"}],"products":["Goldbar Spider Lake Project","Bales Antimony Project","Antimony Bell Project"],"companies":[{"name":"Krait Critical Minerals Corp.","ticker":"KRIT","relationship":"filer"},{"name":"Nevada Hills Antimony LLC","relationship":"wholly owned subsidiary"}],"dollarAmounts":[{"amount":"$1,223,325","context":"gross proceeds of second tranche"},{"amount":"$1,512,074.25","context":"aggregate gross proceeds under the Offering"},{"amount":"$2,000,000","context":"maximum Offering size after increase"},{"amount":"$3,675","context":"aggregate cash finder's fees"},{"amount":"$0.75","context":"price per Share"},{"amount":"$0.95","context":"finder's warrant exercise price"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-05T03:15:50.041Z","global_importance":10,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap","eventGravity":"routine-private-placement-tranche","issuerAuthored":true}},"durationMs":5932,"modelName":"glm-5.3-flashx"}}