Resouro Completes First Tranche of Upsized Private Placement Raising up to $2.5 Million

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THIS PRESS RELEASE SHALL NOT BE DISTRIBUTED IN THE UNITED STATES OR DISSEMINATED TO U.S. NEWSWIRE SERVICES

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VANCOUVER, British Columbia, Aug. 06, 2026 (GLOBE NEWSWIRE) — Resouro Strategic Metals Inc. (ASX: RAU; TSX-V: RSM; FSE: 8TX) (“Resouro” or the “Company”) is pleased to announce that it has now completed the first closing of its previously announced non-brokered private placement (the “Offering”).

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Further to its news release dated July 8, 2026, Canada (July 9, 2026, Australia), The Company is pleased to announce that, due to strong investor demand, it has increased the size of its previously announced non-brokered private placement from 8,000,000 common shares at a price of $0.25 per common share for gross proceeds of $2,000,000 to 10,000,000 common shares at a price of $0.25 per common share for aggregate gross proceeds of $2,500,000. All other terms of the private placement remain unchanged. The increased offering remains subject to the acceptance of the TSX Venture Exchange.

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In the first closing, the Company issued 7,440,000 common shares at a price of $0.25 per common share, for aggregate gross proceeds of $1,860,000. The Company expects to complete the remaining issuance shortly, with details of the final and second closing to be announced in a subsequent news release.

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The Company paid a cash finders’ fee of $4,500 will be paid in connection with the Offering.

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The Company intends to use the net proceeds of the Offering to advance the environmental program, an essential step toward the Preliminary Feasibility Study for the Tiros project, as well as for general working capital purposes.

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All securities issued under the Offering are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws and TSX Venture Exchange policies.

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The Offering remains subject to final approval by the TSX Venture Exchange. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange.

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The Offering is also being conducted using the Company’s placement capacity pursuant to ASX Listing Rule 7.1. No Related Parties or their Associates are participating in the Offering. 

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None of the securities to be issued in the Offering have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state security laws, and such securities may not be offered or sold within the United States (as such term is defined in Regulation S under the U.S. Securities Act), except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any of such securities of the Company in the United States.

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This announcement has been authorized for release by the Board of Directors.

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Contact Information:

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About Resouro Strategic Metals

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Resouro is a Canadian mineral exploration and development company focused on the discovery and development of economic mineral projects in Brazil. Its flagship Tiros Titanium and Rare Earth Elements Project comprises 28 mineral concessions totalling 497 km² in the state of Minas Gerais, one of Brazil’s most infrastructurally developed states. The Tiros Project is supported by a JORC-compliant Mineral Resource Estimate and a Preliminary Economic Assessment for a starter operation. Resouro is also developing the Novo Mundo gold project, located in Mato Grosso state.