Stardust Metal Closes First Tranche of Financing Led by Strategic Investor Daniel Earle

Executive Summary

• Stardust Metal Corp. has closed the first tranche of its non-brokered private placement, securing approximately $2.5 million in gross proceeds.
• A second tranche is expected to close on June 11, 2026, bringing the total offering size to approximately $5.26 million.
• The capital raise features strong insider participation, zero finders' fees, and proceeds designated to fund exploration and drilling programs at the McGarry and Omega projects.

Key Details

• First Tranche Proceeds: ~$2.5 million gross, comprising ~$750,000 in flow-through units (FT Units) and ~$1.75 million in non-flow-through units (NFT Units).
• Total Offering Size: ~$5.26 million upon completion of the second tranche.
• Second Tranche Closing: Expected on or about June 11, 2026, subject to customary conditions and CSE acceptance.
• Warrant Terms: Each unit includes one warrant exercisable at $0.70 per share for a 24-month period.
• Use of Proceeds: Funding drilling and exploration programs at the McGarry and Omega projects, working capital requirements, and general corporate purposes.
• Flow-Through Structure: FT Unit proceeds will fund eligible Canadian exploration expenses, to be renounced to subscribers by December 31, 2026, with expenditures incurred on or before December 31, 2027.
• Insider Participation: Directors and officers acquired a total of 1,545,864 NFT Units, including a $500,000 investment by Chairman Stephen Stewart (1,063,829 units).
• Hold Period: All securities carry a four-month statutory hold period expiring on October 2, 2026.
• Financing Structure: Non-brokered private placement with no finders' fees paid.
• Regulatory Status: Subject to final acceptance by the Canadian Securities Exchange.