Emergent Metals arranges $500,000 private placement

Executive Summary

• Emergent Metals Corp. announced a non-brokered private placement of up to 10 million units at $0.05 per unit, raising up to $500,000 in gross proceeds for general working capital.
• The company simultaneously announced the resignation of director Joseph Mullin, effective November 19, 2025, removing him from the upcoming annual general meeting scheduled for December 11, 2025.
• The private placement includes warrants exercisable at $0.10 per share for 24 months, with potential insider participation exempt from certain minority shareholder approval requirements under MI 61-101.

Key Details

• Financing Structure: Non-brokered private placement of up to 10,000,000 units.
• Price: $0.05 per unit.
• Gross Proceeds: Up to $500,000.
• Unit Composition: Each unit consists of one common share and one whole transferable common share purchase warrant.
• Warrant Terms: Each warrant is exercisable to acquire one common share at an exercise price of $0.10 per share.
• Warrant Duration: 24 months from the date of issuance.
• Use of Proceeds: General working capital purposes.
• Insider Participation: Certain insiders may participate; this constitutes a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval under Multilateral Instrument 61-101 because the value/consideration will not exceed 25% of the company's market capitalization.
• Regulatory Conditions: Closing is subject to approval of the TSX Venture Exchange.
• Hold Period: Securities and underlying shares are subject to a statutory hold period of four months and one day from issuance.
• Finder’s Fees: The company may pay finders' fees on a portion of the offering, subject to TSX Venture Exchange policies and securities legislation.
• Director Resignation: Joseph Mullin resigned as a director effective November 19, 2025.
• Election Impact: Mr. Mullin was scheduled for election at the annual general meeting on December 11, 2025, but his resignation renders him ineligible for appointment at that meeting.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.