Kingman Minerals Completes Funding Rounds
Vancouver, British Columbia – September 9, 2025 – Kingman Minerals Ltd. has successfully finalized its second and final tranche of non-brokered stock funding, which garnered significant interest. This latest round involved the issuance of 1,620,000 units priced at $0.07 each, totaling $113,400 in revenue.
Previously, in their first tranche, the company issued 8,756,471 units and raised $612,953. They also distributed 163,200 finder warrants and paid a total of $11,424 in finder fees.
Insider Participation
In the initial funding round announced on September 2, 2025, some directors and officers contributed by purchasing 2,516,826 units for $176,177.82. However, no insiders participated in the most recent tranche.
Future Financing Plans
Due to ongoing interest from investors, the company plans to initiate a private placement of up to $500,000 in non-brokered units under similar terms as the previous offerings.
Use of Proceeds and Technical Focus
The proceeds from the offering will primarily support the advancement of Kingman’s flagship Mohab Project located in Mojave County, Arizona. The company is focusing on securing permits, targeting drilling locations, and enhancing technical operations.
So far, Kingman has completed two phases of work, including rounds of underground sampling and core drilling. This has yielded historic data indicating significant gold and silver findings from both underground workings and drilling. Notably, deeper excavations have revealed a variety of intrusive rock types, hinting at the possibility of a broader mineralization system. Plus, there are numerous untested vein structures along the region.
The firm is preparing a National Instrument 43-101 Technical Report to merge historical data from over a century with the latest exploration findings. Ongoing geological interpretations and improvements are part of their technical program, with an emphasis on obtaining a drill permit soon.
Finder Rewards and Unit Conditions
For this latest funding tranche, Kingman has issued a cash finder fee of $6,804 and granted 97,200 transferable finder warrants to qualifying parties. Each warrant will allow the holder to purchase one common share at a price of $0.09 until September 9, 2027.
Every unit in the offering includes one common stock share and one stock purchase warrant. The warrant entitles the holder to acquire another share of the company at the same price of $0.09 for a two-year period from the issuance date. It’s worth noting that all securities issued are subject to a statutory four-month hold period and must be approved by the TSX Venture Exchange.
Qualified Person Review
The technical information in this release has been reviewed and approved by Brad Peek, MSC, a qualified person regarding the Mohave Project as defined by National Instrument 43-101.
About Kingman Minerals
Kingman Minerals Ltd. is a publicly traded exploration and development company concentrating on precious metals in North America. Their flagship operation is the historic Rosebud mine in Mojave County, Arizona, known for its high-quality gold and silver veins discovered in the 1880s. Previous mining primarily took place in the late 1920s and 1930s. The company believes that further exploration is vital to accurately gauge the project’s potential.
