Bolt Metals closes offering tranche, financing

Executive Summary

• Bolt Metals Corp. has closed the second tranche of its LIFE offering and completed a separate unit private placement, raising a total of $3.5 million in aggregate capital across both transactions.
• The second tranche of the LIFE offering generated $70,000 in gross proceeds, while the unit private placement generated $3 million in gross proceeds.
• The company incurred $129,540 in cash finders' fees and issued 641,500 finders' warrants in connection with these financings.

Key Details

• LIFE Offering (Second Tranche):
  • Issued 350,000 units at a price of $0.20 per unit.
  • Gross proceeds: $70,000.
  • Each unit consists of one common share and one common share purchase warrant.
  • Warrant terms: Exercisable at $0.40 per share for 24 months; exercisable 60 days after closing.
  • Use of proceeds: General working capital and corporate purposes.
• Unit Private Placement:
  • Issued 15,000,000 units at a price of $0.20 per unit.
  • Gross proceeds: $3,000,000.
  • Each unit consists of one common share and one common share purchase warrant.
  • Warrant terms: Exercisable at $0.40 per share for 36 months from issuance.
• Finders' Fees:
  • Aggregate cash fees paid: $129,540.
  • Warrants issued to finders: 641,500 warrants.
  • Finder's warrant terms: Exercisable at $0.20 per share for 24 months from issuance.
• Total Capital Raised:
  • Including the first tranche of the LIFE offering (closed Nov. 19, 2025, raising $430,000), total gross proceeds raised across both offerings amount to $3.5 million.