KRAIT Critical Minerals has arranged a non-brokered private placement financing of up to 2,000,000 Shares at a price of $0.75 per share for gross proceeds of up to $1,500,000. No warrants will be included in the offering.

KRAIT intends to use the net proceeds for:

• exploration expenditures, including phase-one exploration at the Goldbar Spider Lake Project;

• subject to completion of its acquisition and satisfactory legal and technical review: reconnaissance, mapping and sampling at the Bales Antimony Project and Antimony Bell Project;

• general and administrative expenses; marketing program costs; property investigation costs; and general working capital.

KRAIT Critical Minerals Enters Definitive Agreement to Acquire Portfolio of U.S. Antimony Projects

The offer has been announced alongside news that KRAIT has entered into a securities exchange agreement to acquire all of the issued and outstanding membership interests of Nevada Hills Antimony LLC. Nevada Hills holds contractual rights to acquire the Bales Antimony Project and owns certain additional mineral claims and related assets in Okanogan County, Washington.

Read the full news - HERE

About KRAIT Critical Minerals

Krait Critical Minerals Corp. is a Canadian mineral exploration company focused on advancing its Goldbar Spider Lake Project in Ontario while evaluating additional mineral opportunities in North America. The Company's strategy is to combine disciplined project evaluation, modern exploration technologies and responsible field programs to identify and advance high-quality exploration opportunities with the potential to create long-term shareholder value.

Krait's flagship asset is the Goldbar Spider Lake Project in Ontario's Thunder Bay Mining Division, approximately 20 kilometres east of Terrace Bay and 30 kilometres west-northwest of Marathon. The 3,636-hectare (approximately 8,985-acre) property comprises 148 mining claims and 171 claim units, and Krait has an option to earn a 100% interest, subject to a 3% net smelter return royalty. Located within the western Schreiber-Hemlo Greenstone Belt, the Project benefits from year-round access via Highway 17, nearby rail and power infrastructure, and proximity to established mining communities and service providers.