09:31 AM EDT, 08/15/2025 (MT Newswires) -- Cascadia Minerals ( CAMNF ) on Friday said it has raised $3 million in its non-brokered private placement of tax-advantaged flow-through shares.

The company issued 13 million shares at $0.23 each. Proceeds will be used for critical minerals exploration on Cascadia's Yukon properties, primarily at the Carmacks Project.

"With this financing and the Granite Creek acquisition completed we are fully funded to complete our first phase of resource expansion work at the Carmacks project," said Chief Executive Graham Downs. "Work is scheduled to commence in early September, with two drills booked and up to 4,000 m of drilling planned this fall. Our technical team continues to review the Carmacks project data, and has identified numerous compelling step-out targets around the existing resource.

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