Xcite Resources confirms the final closing of its non-brokered private placement, bringing total aggregate gross proceeds to $6,854,480, and welcomes Audley Capital as a significant strategic shareholder.
Vancouver, British Columbia, November 3, 2025 – Xcite Resources Inc. (CSE: XRI), a Canadian uranium exploration company focused on advancing its portfolio of assets in the Athabasca Basin, confirmed the closing of the final tranche of its previously announced non-brokered private placement.
The Company raised $200,000 through the issuance of 1,666,666 units at $0.12 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, with warrants exercisable at $0.20 per share after January 2, 2026 through November 3, 2029.
Total Financing Summary
In total, the Company raised aggregate gross proceeds of $6,854,480 through recent financing efforts, comprising:
- $1,596,800 under a brokered offering with Canaccord Genuity Corp.
- $4,947,200 through non-brokered unit offerings
- $310,480 through non-brokered flow-through share offerings
Net proceeds will support exploration and development activities on uranium projects in the Athabasca Basin and general corporate purposes. Securities issued are subject to a four-month statutory hold period expiring March 4, 2026.
Welcoming Audley Capital
The Company welcomed Audley Capital as a significant strategic shareholder following its participation in recent financing transactions. Audley Capital, formed in 2005 and Switzerland-based, focuses on long-term mining and metals investments, acquiring non-core producing assets and optimizing efficiency to unlock value.