Domestic Metals Appoints Gordon Neal to the Board and Closes First Tranche of LIFE Offering

Executive Summary

• Gordon K. Neal was appointed to Domestic Metals Corp.’s board of directors, effective October 3, 2025.
• The company closed the first tranche of its LIFE Offering, issuing 4,695,715 units at $0.28 per unit for gross proceeds of $1,314,800.
• Net proceeds are earmarked for general working capital and exploration/development activities; final tranches are expected to close on or before October 17, 2025.

Key Details

• Board Appointment: Mr. Gordon K. Neal – former CEO & Director of Tincorp Metals Inc.; extensive experience in metals mining, capital markets, corporate governance, and investor relations.
• Financing – First Tranche:
• Units issued: 4,695,715
• Price per unit: $0.28
• Gross proceeds: $1,314,800
• Unit composition: 1 common share + 1 common share purchase warrant (exercise price $0.40, three‑year term).
• Warrant Acceleration: May be triggered if TSXV closing price ≥ $0.65 for 20 consecutive trading days.
• Finder’s Fees:
• Harbourfront Wealth Management – $45,360 cash + 189,000 non‑transferable broker warrants (exercise price $0.40).
• CapSolutions – $30,000 cash + 125,000 non‑transferable broker warrants (exercise price $0.40).
• Future Tranches: Remaining or final tranches to close on or before October 17, 2025.
• Holding Period: All securities subject to a four‑month plus one‑day hold period; cannot be traded during this time.
• Use of Proceeds: General working capital and exploration/development costs for Domestic Metals’ projects (e.g., Smart Creek Project in Montana).

Notable Quotes

“Domestic is very pleased to welcome Mr. Neal to the board of directors, expanding on his role as the Company’s President. Mr. Neal’s profound expertise will be pivotal to the board of directors and invaluable in assisting the Company with the execution of their strategic objectives.” – J. Patricio Varas, CEO, Executive Chairman & Director

Materiality Assessment: Non‑Material – Neutral (the financing amount is modest relative to typical mining capital needs; no immediate impact on operations disclosed).