Metals Creek Resources Corp. Announces $1 Million Non-Brokered Private Placement

Metals Creek Resources Corp. announced a non-brokered private placement of up to $1,000,000 in aggregate proceeds. The offering consists of up to 9,090,909 flow-through (FT) units at $0.055 per unit and up to 10,000,000 non-flow-through (NFT) units at $0.05 per unit. Each FT unit includes one FT common share and one-half of a non-flow-through warrant, while each NFT unit includes one NFT common share and one NFT warrant. The warrants are exercisable at $0.10 per share for 24 months from issue.

Proceeds from the offering are designated for exploration on the Newfoundland Hydrogen/Helium projects, the Ogden Gold Project, and general working capital. The transaction is expected to close on or before July 31, 2026, subject to TSX Venture Exchange approval. All securities carry a four-month hold period.

Metals Creek Resources Corp. (MEK) is undertaking an expected and incremental financing to address a liquidity gap highlighted in its Q1 2026 MD&A. Management explicitly flagged a going-concern risk, citing unrestricted cash of approximately $102,545 against a $612,614 flow-through spending obligation due by December 31, 2026. The $1 million raise directly addresses this immediate shortfall and funds committed exploration programs.

The capital raise is highly dilutive, issued at or below the current market price of $0.05, and carries out-of-the-money warrants priced at $0.10. The transaction extends the company’s operational runway by approximately 6-9 months but does not alter the fundamental risk profile or revenue generation timeline. There is no strategic premium or third-party validation associated with the deal.

Metals Creek Resources Corp. is a pre-revenue exploration company focused on gold, critical metals, and emerging hydrogen and helium assets in Canada. Its flagship Ogden Gold Project is a 50/50 joint venture with Discovery Silver Corp., with Metals Creek serving as operator. Located in the Timmins Gold Camp along the Porcupine-Destor Break, the property features approximately 8km of strike length. Historical drilling has returned high-grade intercepts, including 210.19 g/t Au over 12.53m. The company is currently drilling the Thomas Ogden Zone and exploring the Naybob South target, a conceptual target estimated at 750,000 to 1 million tonnes grading 3.5 to 4.5 g/t Au.

In Newfoundland, Metals Creek jointly acquired hydrogen and helium projects with Benton Resources, including the Smoking Gun and Parson's Pond properties. Historical data indicates anomalous helium levels up to 8,900 ppb and methane up to 72%, with geological conditions favorable for natural white hydrogen via serpentinization. The company also holds the Yellow Fox Property, which has been optioned to Lomiko Metals. Recent soil sampling highlighted highly anomalous rare earth element concentrations, with TREE reaching up to 5,176 ppm, alongside gold showings. Additionally, Metals Creek sold its Tillex Copper Project to Aruma Resources in January 2026, retaining a 1% NSR royalty and equity exposure.