On January 27, 2026, Ascot Resources Ltd. completed the second and final tranche of their “best efforts” brokered private placement, which, together with the first tranche which closed on December 30, 2025, consisted of an aggregate of 34,246,576 charity flow-through units at a price of $0.73 per charity flow-through unit and approximately 250,000,000 hard dollar units of the company at a price of $0.60 per hard dollar unit, for aggregate gross proceeds of approximately $175 million.
Cassels acted for the agents.