Resouro completes first private placement closing

US Strategic Metals Inc., a Canadian mineral exploration company focused on projects in Brazil, announced on August 6, 2026, that it completed the first closing of its non-brokered private placement. Due to strong investor demand, the company increased the offering from 8,000,000 common shares at $0.25 per share for gross proceeds of $2,000,000 to 10,000,000 common shares at $0.25 per share for aggregate gross proceeds of $2,500,000. In the first closing, Resouro issued 7,440,000 common shares, raising $1,860,000. The company paid a cash finders' fee of $4,500 and expects to complete the remaining issuance shortly. Net proceeds will be used to advance the environmental program for the Tiros project, a step toward the Preliminary Feasibility Study, and for general working capital. The offering remains subject to final approval by the TSX Venture Exchange and is conducted under ASX Listing Rule 7.1. The securities are subject to a four-month-and-one-day hold period and are not registered in the United States.