Belararox secures three new strategic investment partners to support TMT

• Binding commitments received for $4 million from three strategic investors
• Each take up to a 10.12% stake in Belararox
• Total funds raised support ongoing focused exploration at TMT and Kalahari
• Placement to be conducted in two tranches

Belararox (ASX: BRX) has received binding commitments from key industry-leading strategic investors to raise $4 million to support exploration at the TMT project in Argentina and drilling at the Kalahari copper project in Botswana.

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CEO, Will Dix, said the incoming investors bring significant resources related investment and business experience in Argentina to Belararox.

“We are thrilled to welcome Integra Capital, Magnus Capital and Mr Manzano as shareholders in Belararox,” he said.

“Having these strategic investors join the company at this time validates our exploration strategy in Argentina and provides us with significant runway for our exploration activities in Argentina and drilling in Botswana.

“We are particularly encouraged that Argentinian resources experts have recognised the value that Belararox is unlocking at our TMT project, and we look forward to ongoing engagement with them.

The flagship projects at TMT and the Kalahari projects are focused on copper, gold and silver, resources.

NED, Chris Gale, said the raising has introduced one of his previous long-term investors to BRX.

“The addition of Jose Luis and these high-calibre strategic investors is a significant endorsement of the world-class potential of our projects in Argentina and Botswana. This support provides the financial strength to aggressively advance our core assets and accelerate our work programs as we move into a pivotal period of growth for the company.”

Tranche one of 33,333,333 placement shares are not subject to shareholder approval and are expected to be issued on 18th May 2026,

Tranche two of 33,333,334 placement shares will be issued subject to shareholder approval at a general meeting planned for June.

Located within the San Juan province in Argentina, the Toro – Malambo – Tambo (TMT) project is an extensive 32,000 hectares project with potential for large scale base metal mineralisation and untested porphyry targets.

BRX is up 8.33% to 6.5¢. Mkt cap $15.91M.

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