Abitibi increases bought deal offering to $14-million

Executive Summary

• Abitibi Metals Corp. has increased its previously announced bought deal financing to total gross proceeds of approximately C$14 million.
• The offering consists of two tranches: 17.55 million charity flow-through common shares at $0.57 per share and 11.43 million hard-dollar common shares at $0.35 per share.
• Proceeds will be used for the advancement of the B26 polymetallic deposit (flow-through shares) and general corporate purposes (hard-dollar shares).

Key Details

• Total Gross Proceeds: Approximately C$14 million.
• Underwriters: Syndicate led by BMO Capital Markets (sole bookrunner) and Haywood Securities (co-lead).
• Charity Flow-Through Shares:
  • Quantity: 17.55 million shares.
  • Price: $0.57 per share.
  • Tax Status: Qualifies as a flow-through share under Subsection 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec) for eligible Quebec residents.
• Hard-Dollar Common Shares:
  • Quantity: 11.43 million shares.
  • Price: $0.35 per share.
• Use of Proceeds:
  • Gross proceeds from charity flow-through shares: Continued advancement of the B26 polymetallic deposit.
  • Net proceeds from common shares: General corporate purposes.
• Overallotment Option: Underwriters have a 30-day option to purchase up to an additional 15% of the offering to cover overallotments, exercisable at the offering price.
• Closing Date: Expected on or about December 16, 2025.
• Regulatory Status: Subject to receiving all necessary regulatory approvals.
• Offering Mechanism: Short form prospectus in all Canadian provinces; may also be offered via private placement in the United States.