Original News Release
Supreme Critical closes final tranche of placement
Mr. Glen Watson reports
SUPREME CRITICAL METALS ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF LIFE OFFERING
Supreme Critical Metals Inc. has closed the final tranche of its non-brokered private placement financing of up to 14 million units of the company as previously announced in its press release dated Feb. 6, 2026, and upsized on Feb. 6, 2026, as announced by the company.
The second and final tranche closing of the LIFE offering consisted of the issuance of an aggregate of 1.73 million units at a price of 10 cents per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one additional common share in the capital of the company at a price of 20 cents for a period of 24 months from the closing of the second tranche of the LIFE offering.
The LIFE offering resulted in the issuance of a total of 11.41 million units and a raise of gross aggregated proceeds to the company of $1,141,000. The LIFE offering was oversubscribed from the originally announced maximum of 10 million units at a rate of 114.1 per cent.
The company relied on the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions in connection with the distribution of all 1.73 million free-trading common shares under this final tranche of the LIFE offering for proceeds of $173,000. The company paid $2,130 in finders' fees and issued 23,100 finders' warrants in connection with this tranche of the LIFE offering. The finders' warrants entitle the holder thereof to acquire one additional common share in the capital of the company at a price of 20 cents for a period of 24 months from the closing of the second tranche of the LIFE offering.
Closing of the LIFE offering was conditionally approved by the Canadian Securities Exchange, and the securities issued under the LIFE offering will not be subject to a four-month-and-one-day statutory hold period.
The company intends to use the net proceeds of the LIFE offering, as more specifically described in the offering document, and for general corporate and working capital purposes.
About Supreme Critical Metals Inc.
Supreme is a publicly traded diversified investment corporation actively exploring and investigating multiple opportunities in lithium, copper, silver and precious metals. The company adheres to strategic guidelines that prioritize regions conducive to mining, supported by favourable government regulations and existing infrastructure.
We seek Safe Harbor.
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