Collective closes $1.43-million private placement

Mr. Christopher Huggins reports COLLECTIVE METALS ANNOUNCES CLOSING OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF CDN $1,438,665.72 Collective Metals Inc. has closed its non-brokered private placement previously announced on Jan. 8, 2026, and Jan. 9, 2026, and has issued 16,925,479 units, at a price of 8.5 cents per unit, for aggregate gross proceeds of $1,438,665.72. Each unit is composed of one common share of the company and one transferable common share purchase warrant, with each warrant entitling the holder to acquire one additional share at an exercise price of 10.5 cents for a period of 24 months from the closing date. The warrants contain an accelerated expiry clause whereby pursuant to the acceleration clause, if the shares of the company close at or above 20 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. Finders' fees of 57,020.75 and 670,833 finders' warrants were paid to arm's-length parties in connection with the offering (each finder's warrant exercisable on the same terms as the warrants forming part of the units). The company will use the proceeds from the offering for general working capital purposes. All securities issued in connection with the offering are subject to a statutory hold period of four months and one day. About Collective Metals Inc. Collective is a resource exploration company specializing in critical and precious metal 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 triuranium octoxide. Notably, none of the historical uranium occurrences have been drill tested. We seek Safe Harbor.