Domestic Metals closes second tranche of financing

Executive Summary

• Domestic Metals Corp. has closed the second tranche of its LIFE (Listed Issuer Financing Exemption) offering, raising approximately $1.98 million in gross proceeds.
• The company has extended the deadline for the final tranche of the LIFE offering to on or before November 14, 2025, with all other terms remaining unchanged.
• Net proceeds from the offering are designated for general working capital, exploration, and development costs.

Key Details

• Second Tranche Closing:
  • Units Issued: 7,082,856 units.
  • Price Per Unit: $0.28 CAD.
  • Gross Proceeds: $1,983,199.68.
  • Finder’s Fees: None payable for this tranche.
• Warrant Terms:
  • Each unit includes one common share and one common share purchase warrant.
  • Exercise Price: $0.40 per share.
  • Duration: Three years from the date of issuance.
  • Acceleration Clause: Warrants may be accelerated if the closing price of common shares on the TSX Venture Exchange is equal to or greater than $0.65 for a minimum of 20 consecutive trading days, provided notice is given.
• Final Tranche Extension:
  • The closing date for the final tranche of the LIFE offering has been extended to on or before November 14, 2025.
  • All terms of the offering remain the same.
  • The company confirms there is no undisclosed material information.
• Use of Proceeds:
  • General working capital.
  • Exploration and development costs.

Notable Quotes

• None provided in the text.