Military Metals Announces Closing of Fully Subscribed LIFE Offering

Executive Summary

• Military Metals Corp. closed a non‑brokered private placement of 8,332,888 units at $0.36 per unit, generating gross proceeds of $2,999,840.
• Each unit includes one common share and half of a common‑share purchase warrant (exercise price $0.55, exercisable for 12 months).
• Proceeds are earmarked for technical work on the Trojarová antimony‑gold project, including completion of a Preliminary Economic Assessment and infill drilling definition.

Key Details

• Units Issued: 8,332,888 units at $0.36 per unit.
• Gross Proceeds: $2,999,840.
• Unit Composition: 1 common share + ½ warrant (each full warrant exercisable for one additional share at $0.55).
• Warrant Terms: Exercise price $0.55; exercisable for twelve (12) months from issuance date.
• Lead Order: $1,500,000 from an arm’s‑length European investor, indicating strong market interest in the company’s Slovakian exploration strategy.
• Finder’s Fee: Cash fee of $49,321 paid to placement agents.
• Finder’s Warrants: 137,003 non‑transferable warrants issued; each entitles holder to purchase one share at $0.55 for twelve months, with a statutory four‑month hold period expiring 2026‑04-05.
• Exemption Used: Listed Issuer Financing Exemption under Part 5A of NI 45‑106; securities not subject to a hold period under Canadian law.
• Use of Proceeds: Funding technical work, completion of a Preliminary Economic Assessment for the Trojarová antimony‑gold project, and definition infill drilling.

Notable Quotes

(No direct quotes were provided in the release.)