Lodestar Metals Closes Third and Final Tranche of Financing

Executive Summary

• Lodestar Metals Corp. closed the third and final tranche of its non‑brokered private placement, issuing 1,678,263 units at $0.075 per unit for gross proceeds of $125,869.73.
• The total offering now comprises 19,999,998 units for aggregate gross proceeds of $1,500,000, fully capitalizing the company for its next phase of exploration at the Goldrun Project in Nevada.
• Units include common shares and half‑share purchase warrants exercisable at $0.12 per share for two years; resale restrictions apply until 26 March 2026.

Key Details

• Units Issued – Third Tranche: 1,678,263 units @ $0.075/unit → $125,869.73 gross proceeds.
• Total Offering Size: 19,999,998 units → $1,500,000 total gross proceeds.
• Unit Composition: 1 common share + ½ share purchase warrant per unit; each full warrant allows purchase of one additional share at $0.12 for two years.
• Warrant Acceleration Clause: Expiry date accelerates to 30 days after notice if TSXV‑listed share price ≥ $0.15 VWAP for 10 consecutive trading days.
• Resale Restrictions: Securities from the third tranche locked until 26 Mar 2026.
• Finder Compensation: Cash fee of $3,776.09 plus issuance of 50,348 finder warrants (exercisable at $0.12 per share for two years).
• Use of Proceeds: Exploration and drilling on the Goldrun Project (Nevada) and general working capital.
• Early Warning Disclosure – Andy Chow: Acquired 3,523,065 units across first and third tranches; now controls 4,189,665 shares non‑diluted (≈9.59%) and 5,951,198 diluted shares (≈13.10%).
• Digital Marketing Agreement: Entered with InvestorHyve for three months at US$5,000 per month to boost market visibility and investor outreach; no securities issued as compensation.

Notable Quotes

“Closing this final tranche marks an important milestone for Lodestar as we advance toward our next phase of exploration at Goldrun,” – Lowell Kamin, President & CEO.
“With this financing complete, we are well‑capitalized to move forward on high‑priority targets and continue executing our disciplined exploration strategy.” – Lowell Kamin.