Enerev5 closes $315,000 first tranche of placement

Executive Summary

• Enerev5 Metals Inc. has closed the first tranche of its non-brokered private placement, raising $315,000 in gross proceeds.
• The tranche consisted of 31.5 million units sold at $0.01 per unit, with each unit comprising one common share and one share purchase warrant.
• The company expects to close the second and final tranche on or around March 5, 2026, subject to regulatory approvals.

Key Details

• Transaction Structure: Non-brokered private placement, first tranche closed.
• Units Sold: 31.5 million units.
• Price Per Unit: $0.01.
• Gross Proceeds: $315,000.
• Warrant Terms (Investors): Each unit includes one share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of $0.05 for a period of five years following the closing date.
• Use of Proceeds: General corporate and working capital purposes, and project review and acquisition costs.
• Future Tranche: The company expects to close the second and final tranche on or around March 5, 2026.
• Regulatory Conditions: Completion is subject to receipt of all necessary regulatory approvals, including approval from the TSX Venture Exchange.
• Hold Period: All securities issued and issuable are subject to a statutory hold period of four months and one day under Canadian securities laws.
• Finder’s Compensation: The company paid a commission of $25,200 and issued 3.15 million non-transferrable warrants to eligible finders.
• Finder’s Warrant Terms: The broker warrants allow for the purchase of units at a price of $0.05 per warrant and are subject to the same terms as the units sold under the offering.