Abitibi Metals closes $16.1-million bought deal

Mr. Jonathon Deluce reports ABITIBI CLOSES BOUGHT DEAL PUBLIC OFFERING OF COMMON SHARES AND FLOW-THROUGH SHARES Abitibi Metals Corp. has closed its previously announced bought deal public offering, led by BMO Capital Markets, as sole bookrunner and lead underwriter, together with Haywood Securities Inc., as co-lead manager, ATB Securities Inc., Desjardins Securities Inc., Paradigm Capital Inc. and Stifel Nicolaus Canada Inc. In connection with the offering, the company issued an aggregate of 33,327,000 common shares of the company for aggregate gross proceeds of $16,104,600, including the exercise in full of the overallotment option granted to the underwriters. The offering comprised the issuance of (i) 13,144,500 hard-dollar common share at a price of 35 cents per offered common share for gross proceeds of $4,600,575, and (ii) 20,182,500 common shares issued as flow-through shares at a price of 57 cents per flow-through share for gross proceeds of $11,504,025. The gross proceeds from the issue and sale of the flow-through shares will be used to incur exploration expenses as described below for the continued advancement of the company's B26 polymetallic deposit. The net proceeds from the offered common shares will be used for general corporate purposes. Each flow-through share will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and, in respect of eligible Quebec resident subscribers, Section 359.1 of the Taxation Act (Quebec). The gross proceeds from the issue and sale of the flow-through shares will be used to incur exploration expenses that qualify as Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act (Canada) and, in respect of eligible Quebec resident subscribers, Subsection 395(c) of the Taxation Act (Quebec), and flow-through critical mineral mining expenditures as defined in Subsection 127(9) of the Income Tax Act (Canada) for purposes of the critical mineral exploration tax credit. Such expenses will be incurred on or before Dec. 31, 2026, and renounced to the initial subscribers of the flow-through shares with an effective date no later than Dec. 31, 2025. The offering was completed pursuant to an underwriting agreement dated Dec. 1, 2025, between the company and the underwriters. In consideration for the services provided by the underwriters in connection with the offering, the company paid the underwriters a cash commission equal to 6.0 per cent of the total gross proceeds raised under the offering (which, for the avoidance of doubt, was paid from the proceeds received by the company from the sale of offered common shares). About Abitibi Metals Corp. Abitibi Metals is dedicated to acquiring and exploring mineral properties within Quebec, with a particular emphasis on high-quality base and precious metal assets that offer significant potential for growth and expansion. We seek Safe Harbor.