Supreme Critical increases financing to $1.4-million

Executive Summary

• Supreme Critical Metals Inc. has closed the first tranche of its LIFE (Listed Issuer Financing Exemption) offering, raising $968,000 from the issuance of 9.68 million units.
• The company has upsized the total offering size to a maximum of 14 million units (up from 10 million) due to strong investor demand, with a total potential raise of up to $1.4 million.
• The second tranche closing is anticipated on or about February 15, 2026, subject to conditions including conditional approval from the Canadian Securities Exchange.

Key Details

• First Tranche Closing:
  • Units Issued: 9.68 million units.
  • Price: 10 cents per unit.
  • Gross Proceeds: $968,000.
  • Use of Proceeds: Exploration activities, general corporate purposes, and working capital.
• Unit Structure:
  • Each unit consists of one common share and one-half of one common share purchase warrant.
  • Warrant Terms: Each whole warrant entitles the holder to acquire one additional common share at an exercise price of 20 cents.
  • Warrant Expiry: 24 months from the closing of the first tranche.
• Financing Costs & Finders' Fees:
  • Finders' Fees Paid: $49,910.
  • Finders' Warrants Issued: 499,100 warrants.
  • Finder Warrant Terms: Exercise price of 20 cents per share, exercisable for 24 months from the closing of the first tranche.
• Related Party Transactions:
  • 450,000 units were issued to insiders.
  • The company relied on exemptions from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101.
  • The fair market value of the units and consideration involving insiders did not exceed 25% of the company's market capitalization.
• Offering Upsize:
  • The LIFE offering size was increased to a maximum of 14 million units.
  • Total Potential Raise: Up to $1.4 million.
• Second Tranche:
  • Anticipated Closing Date: On or about February 15, 2026.
  • Conditions: Subject to necessary approvals, including conditional approval from the Canadian Securities Exchange.
• Regulatory Filings:
  • An amended and restated offering document has been filed under the company's profile on SEDAR+.
  • The company relied on the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106.

Notable Quotes

• "The company is also pleased to announce that, in response to strong investor demand in the market, the company is increasing the size of the LIFE offering to a maximum of 14 million units or a raise of up to $1.4-million."