Stuve Gold Corp. Provides Update on Proposed Private Placement

Stuve Gold Corp

 

CALGARY, ALBERTA – February 13, 2026 – TheNewswire – Stuve Gold Corp. (“Stuve Gold” or the “Corporation”) (TSXV: STUV) announces that, further to its news release dated February 11, 2026, with respect to its proposed private placement of up to 12,500,000 units (“Units”) for gross proceeds of up to $3,000,000 (the “Offering”), the Corporation has determined, pursuant to the TSX Venture Exchange’s “part and parcel” pricing rules, that the share purchase warrants comprising part of the Units will entitle the holder to purchase additional Common Shares for a period of one (1) year from the date of closing of the Offering at a price of $0.38 per share.  For further information with respect to the terms of the Offering, please see the Corporation’s news release dated February 11, 2026.

Proceeds from the Offering, assuming the maximum Offering, will be used to conduct exploration activities on the Las Animas property ($1,000,000), Stuve Gold’s existing properties ($1,500,000), as well as for expenses related to the Offering, for the possible acquisition of other properties, for repayment of debt obligations, and for general working capital purposes (up to $500,000). If less than the maximum Offering is raised, proceeds from the Offering will be used first to conduct exploration activities on the Las Animas property, then on the existing properties, and then for expenses of the Offering, possible acquisitions, repayment of debt obligations and general working capital purposes.  

The Offering is being offered to all of the existing shareholders of Stuve Gold who are permitted to subscribe pursuant to the Existing Shareholder Exemption. This offer is open until March 27, 2026, or such other date or dates as the Corporation determines and one or more closings are expected to occur, with the first closing anticipated for on or about February 24, 2026.

Any existing shareholders interested in participating in the Offering should contact the Corporation pursuant to the contact information set forth below.

The Corporation has set February 12, 2026, as the record date for determining existing shareholders entitled to subscribe for Units pursuant to the Existing Shareholder Exemption. Subscribers purchasing Units under the Existing Shareholder Exemption will need to represent in writing that they meet certain requirements of the Existing Shareholder Exemption, including that they were, on or before the record date, a shareholder of the Corporation and still are a shareholder as at the closing date. The aggregate acquisition cost to a subscriber under the Existing Shareholder Exemption cannot exceed $15,000 unless that subscriber has obtained advice from a registered investment dealer regarding the suitability of the investment.

As the Corporation is also relying on the Exemption for Sales to Purchasers Advised by Investment Dealers, it confirms that there is no material fact or material change related to the Corporation which has not been generally disclosed. In addition to offering the Units pursuant to the Existing Shareholder Exemption and the Exemption for Sales to Purchasers Advised by Investment Dealers, the Units are also being offered pursuant to other available prospectus exemptions, including sales to accredited investors. Unless the Corporation determines to increase the gross proceeds of the Offering, if subscriptions received for the Offering based on all available exemptions exceed the maximum Offering amount of $3,000,000, Units will be allocated pro rata among all subscribers qualifying under all available exemptions.

The Common Shares, Warrants and Broker Warrants issued pursuant to the Offering will be subject to a four month and one day hold period. Completion of the Offering remains subject to the approval of the TSX Venture Exchange.

About Stuve Gold

Stuve Gold is advancing mineral properties in Chile that hold promising potential for gold, copper, silver, cobalt and uranium accumulations exhibited by historical mining activities on, or associated with, those properties.  

Stuve Gold’s Common Shares are listed on the TSX-V under the symbol “STUV“. More information on Stuve Gold may be viewed on www.sedarplus.ca or the Corporation’s website www.stuvegoldcorp.ca.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, the Corporation’s ability to obtain necessary approvals from the TSX Venture Exchange with respect to the Offering, the successful completion of the Offering and the use of proceeds of the Offering.   Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of metals including gold, silver copper, cobalt and uranium; and the results of exploration programs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Stuve Gold disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Terence Walker

Phone: +56 9 5179 5902

Email: [email protected]

Or:

Al Kroontje

Phone: +1 403 607 4009

Email: [email protected]

Copyright (c) 2026 TheNewswire – All rights reserved.

Leave a comment

Free newsletter for stock pics, interview transcripts & investing ideas