Portfolio Company Jumps 44% on Announcement of Construction Financing

This week, Grande Portage Resources Ltd. (TSXV: GPG | OTCQX: GPTRF) announced a transformative financing and offtake partnership with Ocean Partners, a highly-respected global metals trading and financing firm.

The transaction includes a commercial offtake agreement, a C$6 million equity investment priced at a premium to the current share price, and access to a US$25 million construction loan and overrun facility to support the advancement of the New Amalga Gold Project in Alaska.

Upon closing, Ocean Partners is expected to become the company’s second-largest shareholder, behind Eric Sprott.

The proceeds will support late-stage construction, working capital requirements, and potential cost overruns. Together, these financing components meaningfully strengthen Grande Portage’s path toward production while reducing future financing uncertainty.

The market has responded enthusiastically to the announcement, with Grande Portage shares appreciating 44% following the news. Palisades is participating in this upside through our 3,000,000 warrants that are exercisable at $0.26 until July 2028.

With a clear path toward key permitting and development milestones, we believe Grande Portage remains well-positioned to create significant shareholder value over the coming years. We look forward to following its continued progress.

We will continue to keep you updated as notable developments unfold from our portfolio companies.

Best regards,

The Palisades Team

NOTE: This material is for discussion purposes only. This is not an offer to buy or sell or subscribe or invest in securities. The information contained herein has been prepared for informational purposes using sources considered reliable and accurate, however, it is subject to change and we cannot guarantee the accurateness of the information. The material does not necessarily reflect the official policy or position of Palisades Goldcorp Ltd.