Libra Energy Materials Announces Non-Brokered Private Placement Financing of Common Shares and Charity Flow-Through Shares

Executive Summary

• Libra Energy Materials Inc. announced a non‑brokered private placement targeting gross proceeds of $1,000,000.
• The offering consists of Hard Dollar common shares at $0.17 each and CMETC flow‑through common shares at $0.25 each, with the right to increase size subject to CSE approval.
• Proceeds will fund exploration on Ontario and Quebec critical mineral properties, with a portion allocated to charitable flow‑through tax credits; finders’ fees include cash up to 8% and broker warrants exercisable at $0.17 for 24 months.

Key Details

• Offering Size: Up to $1,000,000 total gross proceeds.
• Securities Offered:
• Hard Dollar Shares – $0.17 per share (each represents one common share).
• CMETC FT Shares – $0.25 per share (each represents one common share qualifying as a “CMETC flow‑through share”).
• Use of Proceeds: Primarily to fund further exploration programs on Libra’s Ontario and Quebec critical mineral properties; expenditures will qualify as Canadian Exploration Expenses and flow‑through critical mineral mining expenditures, with renunciation to purchasers by Dec 31 2025.
• Finders’ Fees: Up to 8% cash and up to 8% in broker warrants.
• Broker Warrants: Exercisable at $0.17 per common share any time within 24 months from issuance.
• Hold Period: All securities issued are subject to a four‑month‑plus‑one‑day hold period from the date of issuance.
• Regulatory Conditions: Offering pending receipt of all required regulatory approvals, including CSE approval; securities not registered under U.S. securities laws and may not be offered or sold in the United States without appropriate registration or exemption.
• Flexibility: Company reserves the right to increase the offering size, subject to exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)