Equity Metals arranges $4.6-million private placement

Executive Summary

• Equity Metals Corp. announced a non-brokered charity/premium flow-through private placement of 20 million units at $0.23 per unit, raising gross proceeds of $4.6 million.
• The company completed its summer 2025 drilling program at the Silver Queen project, adding 21 core holes (8,059 metres) to the No. 3 North target, with plans for a resource update in early 2026.
• Proceeds will fund continued exploration and resource expansion at Silver Queen and surface work/drilling at the Au-Ag Arlington property.

Key Details

• Financing Structure:
  • Type: Non-brokered charity/premium flow-through private placement.
  • Units: 20 million flow-through units.
  • Price: $0.23 per unit.
  • Gross Proceeds: $4.6 million.
  • Composition: Each unit consists of one flow-through common share and one-half of one non-flow-through share purchase warrant.
  • Warrant Terms: Each whole warrant allows the purchase of one non-flow-through common share at $0.40 per share for a period of three years.
  • Finders' Fees: May include cash and non-transferable warrants, subject to TSX Venture Exchange policies.
  • Hold Period: Four months and one day from issuance.
  • Conditions: Subject to regulatory approvals, including TSX Venture Exchange approval.
• Use of Proceeds:
  • Continued exploration and resource expansion at the Silver Queen gold-silver-zinc vein project.
  • Surface work and drilling on the Au-Ag Arlington property.
• Drilling Results (Silver Queen Project):
  • Program Status: Completed the drilling component of the summer 2025 drill program.
  • Target: No. 3 North target.
  • Holes Drilled: 21 core holes.
  • Metres Drilled: 8,059 metres.
  • Geological Impact: Extended the No. 3 vein up to 650 metres laterally to the northwest from the modelled 2022 mineral resource.
  • Additional Work: Completed short surface program including reconnaissance soil and stream sediment sampling on district-scale targets outboard from the No. 3 vein system.
  • Historical Context: Since the 2022 mineral resource, an additional 87 drill holes for 34,494 metres have been drilled.
  • Future Plans: Data will be factored into the next revised exploration and resource model, with a mineral resource update anticipated in early first quarter 2026.
• Project Details (Silver Queen):
  • Located in the Omineca mining division, British Columbia.
  • 45 mineral claims, 17 Crown grants, and two surface Crown grants (18,852 hectares total).
  • No underlying royalties.
  • Hosts high-grade, precious and base metal veins related to a buried porphyry system.
  • Adjacent to existing power, roads, rail, and mining infrastructure (Bralorne Mines/Hunt Brothers).

Notable Quotes

• None provided in the text.