Collective Metals arranges $1.5-million financing

Mr. Christopher Huggins reports COLLECTIVE METALS ANNOUNCES FLOW-THROUGH FINANCING Collective Metals Inc. has arranged a non-brokered private placement for gross proceeds of up to $1.5-million from the sale of up to 7.5 million flow-through units of the company at a price of 20 cents per flow-through unit. The company intends to use the proceeds from the offering toward exploration on the company's Rocas uranium project. Each flow-through unit will consist of one common share of the company to be issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of 25 cents for a period of 24 months from the date of issuance. The warrants contain an accelerated expiry clause. Pursuant to the acceleration clause, if the common shares of the company close at or above 30 cents for 10 consecutive trading days on the Canadian Securities Exchange, then the company may accelerate the expiry date of the warrants by issuing a news release announcing the accelerated warrant term, pursuant to which the warrants will expire on the 30th calendar day after the date of such news release. The company may pay finders' fees to eligible finders, in accordance with the policies of the exchange. The flow-through units will be offered by way of the accredited investor and minimum amount investment exemptions under National Instrument 45-106, Prospectus Exemptions, in all the provinces of Canada. The securities issuable pursuant to the sale of the flow-through units will be subject to a statutory hold period in Canada ending on the date that is four months plus one day following the closing date of the offering. The gross proceeds from the sale of the flow-through units will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures, as such terms are defined in the Income Tax Act (Canada), related to the company's Rocas uranium project in Canada. All qualifying expenditures will be renounced in favour of the subscribers of the flow-through units effective Dec. 31, 2026. The offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the exchange. About Collective Metals Inc. Collective Metals is a resource exploration company specializing in critical and precious metals exploration in North America. The company's Rocas project comprises 4,002 hectares, located 75 kilometres southwest of the Key Lake mine and mill facilities along Highway 914 and approximately 72 kilometres south of the present-day margin of the Athabasca basin. The project hosts several uranium showings, including historical mineralized outcrop grab samples along approximately 900 metres of strike length, grading up to 0.5 weight per cent U3O8 (triuranium octoxide). Notably, none of the historical uranium occurrences have been drill tested. We seek Safe Harbor.