Bolt Metals Announces Upsize Non-Brokered Private Placement to $6,000,000

Executive Summary

• Bolt Metals Corp. announced it will increase its previously disclosed non‑brokered private placement from up to 12,903,225 special warrants to up to 19,354,838 special warrants.
• The price remains $0.31 per special warrant, raising the potential gross proceeds from a maximum of $4 million to $6 million.
• Proceeds are earmarked for ongoing exploration activities and general working capital.

Key Details

• Original Offering (Dec 1 2025): Up to 12,903,225 special warrants at $0.31 each → up to $4 M gross proceeds.
• Upsized Offering: Up to 19,354,838 special warrants at $0.31 each → potential gross proceeds of $6 M.
• Special Warrant Mechanics: Each warrant automatically converts into one Unit (one common share + one share purchase warrant) either three business days after filing a prospectus supplement or four months and one day after closing, whichever is earlier.
• Unit Composition: 1 common share + 1 warrant exercisable for an additional share at $0.41 per share, valid for two years from closing.
• Blocker Provision: Warrants carry a 10 % blocker to prevent any holder from exceeding a 10 % ownership threshold upon exercise.
• Use of Proceeds: Net proceeds will fund operations, administrative costs, ongoing exploration projects, and general working capital.
• Conditions: Closing subject to required approvals, including the Canadian Securities Exchange (CSE) approval; securities issued under exemptions per NI 45‑106.
• Holding Period: Securities issued in this offering are subject to a four‑month hold period from closing, plus any additional legal restrictions.
• Finder’s Fees: Company may pay finder’s fees within limits permitted by CSE policies.

Notable Quotes

• “The significant interest we have received underscores investor confidence in Bolt Metals’ exploration strategy and growth potential,” said Zachary Kotowych, CEO and Director.