High Tide Resources Announces Non-Brokered Private Placement

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TORONTO, Aug. 06, 2025 (GLOBE NEWSWIRE) — High Tide Resources Corp. (“High Tide Resources” or the “Company”) (CSE: HTRC) is pleased to announce its intention to complete a non-brokered private placement offering of up to 6,000,000 common shares of the Company (the “Common Shares”) at a price of $0.05 per Common Share for aggregate gross proceeds of up to $300,000 (the “Offering”). The Offering may be increased by up to 25% of the size of the Offering such that the Company may issue an additional 1,500,000 Common Shares for additional gross proceeds of $75,000.

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The net proceeds from the issue and sale of the Common Shares will be used for metallurgical testwork of the Labrador West Iron Project and for general corporate and working capital purposes. It is expected that the Offering will close on or about August 22, 2025 (the “Closing Date“) or such other date or dates that the Company may determine, subject to the receipt of all required approvals, including acceptance of the Canadian Securities Exchange (the “CSE”). All securities issued and issuable in connection with the Offering will be subject to a hold period of four months and one day from the Closing Date, in accordance with applicable Canadian securities laws.

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The securities issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and were not to be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

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About High Tide Resources Corp.

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High Tide is focused on and committed to the development of mineral projects critical to infrastructure development using industry best practices combined with a strong social license from local communities. High Tide owns a 100% interest in the Labrador West Iron Project which hosts a NI 43-101 Inferred iron resource of 654.9 Mt @ 28.84% Fe and is located adjacent to IOCC’s Carol Lake Mine in Labrador City, NL. This resource is exposed at surface and was pit constrained for an open-pit mining scenario. The Technical Report was filed on SEDAR on April 6, 2023 and was authored by Ryan Kressall M.Sc., P. Geo, Matthew Herrington, M.Sc., P. Geo, Catharine Pelletier, P. Eng. and Jeffrey Cassoff P. Eng.

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The Company also owns a 100% interest in the Lac Pegma copper-nickel-cobalt deposit located 50 kilometres southeast of Fermont, Quebec.
Further details on the Company, including a NI 43-101 technical report on the Labrador West Iron property can be found on the Company’s website at www.hightideresources.com.

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Qualified Person

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The technical information contained in this news release has been approved by Steve Roebuck P.Geo., Director, President and Interim CEO of High Tide, who is a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.