J2 Metals Inc. Announces Closing of Flow-Through Private Placement

Executive Summary

• J2 Metals Inc. has closed the second and final tranche of its non-brokered flow-through private placement, bringing total aggregate gross proceeds from this offering to $834,000.
• The net proceeds are designated for the exploration and advancement of the Company's Miniac Project and general corporate purposes.
• All securities issued in this second tranche are free of escrow following the satisfaction of release conditions on April 28, 2026.

Key Details

• Second Tranche Issuance: 1,017,143 flow-through common shares at a price of $0.35 per share.
• Second Tranche Gross Proceeds: $356,000.
• Total Offering Proceeds: $834,000 (comprising the first tranche of $478,000 and the second tranche of $356,000).
• Finders Fees (Second Tranche): $24,920 paid in cash.
• Warrants: No warrants were issued in connection with the second tranche of the FT Subscription Receipt Offering.
• Related Party Transactions/Insider Participation:
  • Simon Clarke (Director): Purchased 100,000 FT shares ($35,000) in the first tranche; purchased 504,000 subscription receipts ($141,000) in the second tranche via Alisa Craig Capital Ltd.
  • Toby Pierce (Director): Purchased 144,857 FT shares ($50,700) in the first tranche.
  • Ponarth Consulting Group Inc. (controlled by CFO Ivan Riabov): Purchased 136,000 subscription receipts ($34,000) in the second tranche.
• Previous Financing Update ($0.12 Non-Brokered Private Placement): Following the satisfaction of escrow release conditions on April 28, 2026, the Company paid finder's fees totaling $7,719.60 in cash and 64,330 warrants (at $0.25 per share, exercisable for 24 months).