Military Metals arranges $3-million private placement

Executive Summary

• Military Metals Corp. has announced a non-brokered private placement under the listed issuer financing exemption, targeting minimum gross proceeds of approximately $2.5 million and maximum gross proceeds of approximately $3 million.
• The company is issuing units at a price of 36 cents per unit, with each unit comprising one common share and one-half of one common share purchase warrant.
• Proceeds are designated for technical work at the Trojarova antimony-gold project, specifically for a preliminary economic assessment and definition infill drilling.

Key Details

• Transaction Structure: Non-brokered private placement under the listed issuer financing exemption (NI 45-106, Part 5A).
• Units Offered: Minimum of 6,944,445 units; Maximum of 8,333,334 units.
• Purchase Price: 36 cents per unit.
• Gross Proceeds: Minimum ~$2.5 million; Maximum ~$3 million.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: 55 cents per share.
  • Exercise Period: 12 months from the date of issuance.
  • Ratio: One-half warrant per unit (meaning two units provide one full warrant).
• Finder’s Fees: Up to 7.0% of gross proceeds paid in cash to eligible finders.
• Finder’s Warrants: Non-transferable finders' warrants issued equal to up to 7.0% of the number of units sold.
  • Finder’s Warrant Exercise Price: 55 cents per share.
  • Finder’s Warrant Term: 12 months from issuance.
• Use of Proceeds: Technical work at the flagship Trojarova antimony-gold project, including completion of a preliminary economic assessment and definition infill drilling.
• Closing Date: Expected on or about November 27, 2025.
• Jurisdiction: Available to purchasers resident in all Canadian provinces except Quebec and other qualifying jurisdictions.
• Hold Period: No hold period applies to securities offered under the listed issuer financing exemption.