Cosa Announces Upsized C$7.5 Million Private Placement

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VANCOUVER, British Columbia, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF) (FSE: SSKU) (“Cosa” or the “Company”) is pleased to announce that, in connection with its previously announced commercially reasonable efforts private placement (the “Offering”) it has entered into an amended agreement with Haywood Securities Inc., on behalf of itself and a syndicate of agents including Velocity Capital Partners and CIBC Capital Markets (collectively, the “Agents”) to increase the size of the Offering to: (i) up to 11,538,462 hard dollar units of the Company (the “Units”) at a price of C$0.26 per Unit (the “Unit Issue Price”), (ii) up to 7,537,690 charity flow-through units of the Company (the “Charity FT Units”) at a price of C$0.398 per Charity FT Unit, and (iii) up to 5,000,000 flow-through common shares of the Company (the “FT Shares”, and together with the Units and Charity FT Units, the “Offered Securities”) at a price of C$0.30 per FT Share, for aggregate gross proceeds to the Company of up to approximately C$7,500,000 (collectively, the “Offering”).

Each FT Share will qualify as a “flow-through share” within the meaning of the Income Tax Act (Canada) and will qualify as an “eligible flow-through share” as defined in The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan). Each Unit will consist of one common share of the Company (a “Unit Share”) plus one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Charity FT Unit will consist of one FT Share plus one-half of one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of the Company (a “Warrant Share”) at an exercise price of C$0.37 for 24 months following the Closing Date (as defined below).

The Company understands that purchasers of the Charity FT Units may immediately resell or donate some or all of the Charity FT Units to registered charities, who may sell such units (the “Resale Units”) concurrent with closing of the Offering to purchasers arranged by the Agents at a price per Resale Unit equal to the Unit Issue Price.

The Company intends to use the net proceeds from the sale of Units to fund exploration and for additional working capital purposes. The gross proceeds from the sale of Charity FT Units and FT Shares will be used by the Company to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as such terms are defined in the Income Tax Act (Canada), and to incur “eligible flow-through mining expenditures” pursuant to The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan) (collectively, the “Qualifying Expenditures”) related to the Company’s uranium projects in the Athabasca Basin, Saskatchewan, on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers of the Charity FT Units and FT Shares effective December 31, 2025.