Chatham Rock Phosphate announces CAD 500,000 private placement

Chatham Rock Phosphate Limited ("CRP") is proceeding with a non-brokered private placement to raise gross proceeds of up to CAD 500,000. The placement will issue up to 10,000,000 units at a price of CAD 0.05 per unit. Each unit comprises one common share and one share purchase warrant, with each warrant entitling the holder to acquire an additional common share at CAD $0.12 for twelve months from issuance.

The funds generated from this private placement will be allocated to general working capital. The common shares and warrants issued will be subject to a four-month-plus-one-day hold period. The placement is contingent on acceptance by the TSX Venture Exchange and is expected to close on or before December 5, 2025. Finders' fees may be payable in cash in connection with the placement.