Fox Tungsten Ltd.·Basic Materials

Fox Tungsten Ltd (TSX-V:FOXT, OTC:HPYCF, FRA:1HC) Ltd CEO Stephen Gray talked with Proactive about the company's successful $11 million bought deal financing and how it positions the company to accelerate work at the Fox Project. Gray explained that the funding provides strong backing from existing investors, including cornerstone shareholders Waratah and PowerOne, who continue to support the company and maintain significant ownership.

Fox Tungsten Ltd (TSX-V:FOXT, OTC:HPYCF, FRA:1HC) Ltd CEO Stephen Gray talked with Proactive about the company’s successful $11 million bought deal...

Vancouver, British Columbia - March 24, 2026 - TheNewswire - Fox Tungsten Ltd. (TSXV: FOXT) (“ Fox Tungsten ” or the “ Company ”) announces that Grant McAdam has resigned from the Company's Board of Directors. Investment funds managed by Waratah Capital Advisors Ltd. (“ Waratah ”) have indicated an intention to participate in the offering, as previously disclosed in the Company's news release dated March 24, 2026, on a pro rata basis. As a result of Canadian securities law requirements which prohibit registered advisers such as Waratah from investing in an issuer when one of its investment team members serves as an officer or director of the issuer, Grant McAdam has resigned from the board of directors of the Company, effective immediately. However, Waratah has confirmed that it intends to exercise its right to nominate a replacement to the board of the Company.

Fox Tungsten Ltd (TSX-V:FOXT, OTC:HPYCF, FRA:1HC) announced it has entered into an agreement with Stifel Nicolaus Canada, acting as co-lead underwriter alongside PowerOne Capital Markets Limited and as sole bookrunner, in connection with a bought deal private placement expected to raise approximately C$11.1 million in gross proceeds. Fox Tungsten said it intends to use the net proceeds from the hard dollar units to advance exploration at its Fox Tungsten Project, in British Columbia, Canada, as well as for other exploration initiatives, working capital, and general corporate purposes.

Fox Tungsten Ltd (TSX-V:FOXT, OTC:HPYCF, FRA:1HC) CEO Steve Gray talked with Proactive about the company's strategic rebrand from Happy Creek Minerals and its sharpened focus on advancing its high-grade tungsten asset in British Columbia. Proactive: Welcome back inside our Proactive newsroom, and joining me now is Steve Gray.

Fox Tungsten Ltd (TSX-V:FOXT, OTC:HPYCF, FRA:1HC) CEO Steve Gray talked with Proactive about the company’s strategic rebrand from Happy Creek Minerals and...
Fox Tungsten Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for copper, tungsten, molybdenum, zinc, indium, gold, and silver deposits. It holds 100% interest in fox tungsten project located in central British Columbia; It also holds interest in Hen-Art-DL gold and silver project covering an area of 68 km2 and it also holds interest in the Silverboss molybdenum-copper-gold-silver project located in British Columbia. Fox Tungsten Ltd was formerly known as Happy Creek Minerals Ltd. and changed its name to Fox Tungsten Ltd. in February 2026. The company was incorporated in 2004 and is headquartered in Vancouver, Canada.