Chatham Rock Phosphate Limited announced a non-brokered private placement that it has issued 3,878,441 shares at a price of CAD 0.08 per share for the gross proceeds of CAD 310,275 on May 10, 2024. In connection with the sale of the Shares, the Company paid a total of CAD 1,920 in cash to an eligible finder for certain of the Shares sold. All securities issued pursuant to the private placement are subject to a hold period and may not be traded until September 11, 2024.

In connection with the Offering, a director of the Company purchased a total of 55,000 Shares.