High Tide Resources launches a broker-free private placement

High Tide Resources Corp., a Canadian company listed on the CSE, announced a non-brokered private placement. The offering seeks to raise between $4.875 million and $6.225 million. The placement offers non-flow-through units at $0.20 and charitable flow-through units at $0.27, subject to certain minimum sales conditions. Each unit includes one common share and one-half of a warrant, which entitles the holder to purchase additional shares at $0.30 within 24 months. Proceeds will be used to fund exploration at the Labrador West Iron Project, as well as various operational needs.

Another private placement aims to issue up to 2 million units at $0.20, with a cap of $400,000. The shares are exempt from holding periods imposed by Canadian law. The closing of the offerings is expected by the end of February 2026, subject to regulatory approvals. In addition, the Company issued promissory notes for internal loans totaling $329,084.80.