Collective Metals Closes First Tranche of Flow Through Private Placement Financing

Executive Summary

• Collective Metals closed the first tranche of its non‑brokered private placement, raising $1.075 million in gross proceeds.
• The offering consisted of 5,375,000 FT Units at $0.20 per unit, each containing one common share (flow‑through) and half a warrant to purchase an additional share at $0.25 for 24 months.
• Proceeds will be used to fund eligible Canadian exploration expenses on the Rocas Uranium Project, with all flow‑through tax benefits to be renounced to investors by 31 Dec 2026.

Key Details

• Units Issued: 5,375,000 FT Units @ $0.20 each → $1,075,000 gross proceeds.
• Unit Composition: 1 common share (FT Share) + ½ warrant (right to buy 1 common share at $0.25).
• Warrant Terms: Exercise price $0.25 per share; exercisable for 24 months from issuance.
• Finder’s Compensation: $67,750 paid in cash and 376,250 Finder’s Warrants issued (each warrant gives the right to purchase one common share at $0.25 for 24 months).
• Use of Proceeds: To incur eligible Canadian exploration expenses (“Qualifying Expenditures”) on the Rocas Uranium Project in Saskatchewan; these expenditures will be renounced to unit subscribers by 31 Dec 2026.
• Statutory Hold Period: All securities issued are subject to a four‑month and one‑day hold period.
• U.S. Securities Law Disclaimer: Units are not registered under the U.S. Securities Act and may not be offered or sold in the United States absent exemption or registration.

Notable Quotes

• “The successful closing of this first tranche provides us with essential capital to advance exploration at Rocas, while delivering valuable flow‑through tax benefits to our investors.” – Christopher Huggins, Chief Executive Officer.