Vortex Metals Upsizes Non-Brokered Private Placement to $1,400,000 Due to Investor Demand

Vortex Metals Inc. has increased the size of its previously announced non-brokered private placement from 20,000,000 units to 28,000,000 units, raising up to $1,400,000 CAD due to investor demand. The offering is priced at $0.05 per unit, consisting of one common share and one-half of a common share purchase warrant per unit.

The first tranche of 9,710,000 units closed on August 11, 2026, generating $485,500 CAD. The second tranche of up to 18,290,000 units is expected to close by October 24, 2026, generating up to $914,500 CAD. Warrants carry a $0.06 exercise price and a 36-month term, with an acceleration clause if the share price closes at or above $0.20 for 10 consecutive days after 12 months.

Proceeds are designated for advancing exploration in Chile and Mexico, corporate development, and general working capital. Securities carry a hold period of four months and one day from issuance.

Vortex Metals Inc. (VMS) has upsized its private placement to $1.4 million, a move that extends the company’s cash runway into late 2026 and early 2027. The transaction signals underlying investor interest at the $0.05 price point, a notable improvement over the company's recent trading range of $0.03–$0.04.

However, the financing is dilutive and follows a pattern of repeated extensions and upsizings throughout 2025 and 2026, indicating persistent capital constraints. The news does not alter the fundamental exploration timeline or de-risk the company's going concern status; it merely provides the necessary liquidity to continue operations and advance the Illapel geophysics interpretation and Mexico permitting efforts.

The market impact is expected to be neutral to mildly positive in the short term, as the financing is a routine follow-up to previously announced tranches and aligns with management's stated capital-raising strategy.

Vortex Metals Inc. is a junior mineral exploration company focused on copper, silver, and gold projects in Chile and Mexico. Its flagship Illapel Copper-Silver Project is located in the Coquimbo Region of northern Chile, approximately 250 km north of Santiago. The brownfield property features existing infrastructure, paved roads, and power access.

Phase I drilling confirmed low-resistivity sulphide mineralization and high-grade manto-style copper-silver intercepts, particularly in Hole DVM-08. In April 2026, the company completed a 180 sq km high-resolution airborne geophysical survey. Preliminary interpretations indicate favorable structures extending under cover and new targets for manto-style mineralization.

Vortex also holds exploration concessions in Mexico's VMS copper-gold belt, including Riqueza Marina and Zaachila, which are drill-ready pending permitting. The company holds a Letter of Intent with a Right of First Refusal on the adjacent Rio 27 mine, which has processed approximately 400,000 tonnes of mineralized material at 1.39% Cu.