Gelum Resources raised $1.5 million in a private placement, issuing shares and warrants, with funds for working capital.

Gelum Resources Ltd. closed a non-brokered private placement on March 11, 2026, raising $1.5 million by issuing 6,526,312 units, each consisting of one common share and half a warrant. Each full warrant allows purchase of one share at $0.38 within 24 months, potentially accelerating if the share price exceeds $0.76 for 20 consecutive days. Proceeds support working capital. Finder’s fees and warrants were issued, and all securities are subject to a four-month hold. The company also granted 2 million stock options at $0.30 per share, exercisable until March 2028. Securities are not registered in the U.S.