Domestic Metals completes IP survey at Smart Creek

Executive Summary

• Domestic Metals completed a 26 km induced polarization (IP) geophysical survey at its Smart Creek project in Montana to expand drill targets ahead of planned Q2 2026 diamond drilling.
• The company announced an amendment to the terms of a non-brokered private placement, increasing the size to 12.5 million units for gross proceeds of up to $3.5 million.
• The amendment modifies warrant terms, setting the exercise price at 40 cents per share with a three-year term, without accelerating the expiry date.

Key Details

• Geophysical Survey Completion:
  • Conducted by TMC Geophysics between Feb. 6, 2026, and March 2, 2026.
  • Acquired 26 line kilometres (km) of IP data using a pole-dipole electrode array.
  • Objective: Expand the footprint of previous IP geophysics collected by Rio Tinto to delineate drill targets.
  • Status: Data is currently being modeled; results will be disclosed in an upcoming news release.
  • Technical Review: Approved by Daniel MacNeil, PGeo, a qualified person under National Instrument 43-101.
• Private Placement Amendment:
  • Transaction Type: Non-brokered private placement.
  • Units Offered: Up to 12.5 million units.
  • Price: 28 cents per unit.
  • Gross Proceeds: Up to $3.5 million.
  • Unit Composition: One common share and one common share purchase warrant per unit.
• Warrant Terms:
  • Exercise Price: 40 cents per share.
  • Term: Three years from the date of issuance.
  • Expiry: No acceleration of the warrant expiry date.
• Operational Outlook:
  • CEO Gord Neal confirmed that funding from the last financing supports a drill campaign expected to start in mid-April 2026.
  • Focus is on vectoring toward the center of porphyry mineralization and investigating potential for new porphyry and carbonate replacement deposit (CRD) mineralization.

Notable Quotes

• "This new geophysical data will further help us in vectoring toward the center of porphyry mineralization that our geologists are confident is the source of high-grade metal results that we have seen from our work done at Smart Creek. With the funding from our last financing, we look forward to a successful drill campaign, which is due to start in mid April," says Gord Neal, chief executive officer of Domestic Metals.