New Earth Resources Raises $1.09 Million in Oversubscribed Private Placement

Reuters07:34

New Earth Resources Raises $1.09 Million in Oversubscribed Private Placement

New Earth Resources Corp. has closed an oversubscribed non-brokered private placement of flow-through units, raising gross proceeds of $1,089,950. The company issued a total of 2,422,112 flow-through units at a price of $0.45 per unit. Each unit consists of one Class A common share and either one or one-half of a share purchase warrant, with warrants exercisable at $0.60 per share until December 22, 2028. The proceeds will be used to incur eligible Canadian exploration expenses on the company’s mineral exploration properties in Canada. The securities have not been registered under U.S. securities laws and may not be offered or sold in the United States without appropriate registration or an exemption.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Earth Resources Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9616187) on December 22, 2025, and is solely responsible for the information contained therein.

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