Abitibi increases bought deal offering to $14-million

Mr. Jon Deluce reports ABITIBI METALS INCREASES PREVIOUSLY ANNOUCED BOUGHT DEAL FINANCING TO C$14 MILLION Abitibi Metals Corp. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, as sole bookrunner, and Haywood Securities, as co-lead, to increase the size of the previously announced bought deal offering to 17.55 million charity flow-through common shares at a price of 57 cents per charity flow-through common share and 11.43 million hard-dollar common shares at a price of 35 cents per common share, for total gross proceeds of approximately $14-million. The company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the offering to cover overallotments, if any. Each charity flow-through common 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 offering is expected to close on or about Dec. 16, 2025, and is subject to Abitibi receiving all necessary regulatory approvals. The gross proceeds from the charity flow-through common shares will be used for continued advancement of the company's B26 polymetallic deposit, and the net proceeds from the common shares for general corporate purposes. The charity flow-through common shares and common shares will be offered by way of a short form prospectus in all of the provinces of Canada, and may also be offered by way of private placement in the United States. About Abitibi Metals Corp. Abitibi 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.