en.Wedoany.com Reported - Canadian mining company Rathdowney Resources Ltd. (TSXV: RTH) announced on July 3, 2026, that it has completed the final tranche of a non-brokered private placement, issuing 5,900,000 common shares at a price of C$0.025 per share, raising total proceeds of C$147,500. The proceeds from the placement will be used to advance expenditures related to the company's Project Olza in Poland, as well as to supplement working capital and for general corporate purposes.

Rathdowney Resources Ltd. is a mineral exploration company headquartered in Vancouver, British Columbia, Canada, focused on advancing its Olza zinc-lead-silver project in Poland. The project is located in the Silesia region of southwestern Poland, an area with a long history of metal mining and one of Europe's important polymetallic metallogenic belts. The completion of this private placement will provide financial support for the company to continue advancing exploration and development work on the Olza project.

The common shares issued in this placement are subject to applicable resale restrictions, including a hold period of four months and one day from the date of completion of the private placement. The private placement is subject to customary closing conditions, including final approval from the TSX Venture Exchange. Previously, the company had issued related announcements regarding this financing on June 19, 2025, and June 26, 2026.

The funds raised by Rathdowney Resources through this placement will help the company continue to advance exploration and evaluation work on its Olza zinc-lead-silver project in Poland, laying the foundation for the project's subsequent development.