02:10 PM EST, 11/18/2025 (MT Newswires) -- Kintavar Exploration ( KTRXF ) on Tuesday said it intends to raise of $5 million in a non-brokered private placement to advance a drill program on its Roger project in Quebec.

The company said the offering will consist of charity flow-through units (Charity FT units) at $0.115 apiece and flow-through common shares (FT shares) at $0.09 per share. The company said it may accept any combination of Charity FT Units and FT Shares, up to $5 million.

Each Charity FT unit will be n made up of a tax-advantaged share and one half of one common share purchase warrant. Each Charity FT share, each FT share, and each warrant will qualify as a "flow-through share."

Each warrant is exercisable to buy one non-flow through common share at $0.12 apiece at any time prior to the day that is 24 months from the closing date, expected on or about Dec. 9. Proceeds raised from the issuance of the FT shares and Charity FT units will be used to incur eligible "Canadian exploration expenses" that will qualify as "flow-through critical mineral mining expenditures."

Drilling is planned for early 2026 to test the conductors and confirm the source of the sulfide responses. Proceeds will be used to initiate drilling on the strongest anomalies.

Shares of the company were last seen up $0.005 at $0.075 on the TSX Venture Exchange.