Greenlight Metals arranges $10.01-million financing

Executive Summary

• Greenlight Metals Inc. has completed a $10.01-million bought deal private placement of 28.6 million common shares at $0.35 per share.
• Stifel Nicolaus Canada Inc. and TD Securities Inc. are acting as joint bookrunners and co-lead underwriters for the transaction.
• Net proceeds are designated for development at the Bend project in Wisconsin, exploration on the Penokean VMS belt, property payments, and general corporate working capital.

Key Details

• Transaction Structure: Bought deal private placement offering of common shares.
• Underwriters: Stifel Nicolaus Canada Inc. and TD Securities Inc. (joint bookrunners and co-lead underwriters).
• Share Quantity: 28.6 million common shares issued.
• Price Per Share: $0.35 CAD.
• Gross Proceeds: $10.01 million.
• Over-Allotment Option: Underwriters have an option to purchase up to an additional 15% of shares (approx. 4.29 million shares) for up to $1,501,500 in additional gross proceeds, exercisable up to 48 hours prior to closing.
• Use of Proceeds: Development of the Bend project (Wisconsin), exploration on the Penokean VMS belt (Wisconsin), property payments, project support, and general corporate/working capital.
• Regulatory Basis: Offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (as amended by Coordinated Blanket Order 45-935).
• Hold Period: No hold period applies to the shares in Canada due to the exemption used.
• Expected Closing Date: On or about November 26, 2025, subject to regulatory approvals including TSX Venture Exchange conditional approval.
• Company Profile: Wisconsin-focused exploration company advancing copper-gold and gold projects, including the Bend deposit, Reef project, and Lobo targets, alongside the Kalium Canyon project in Nevada.