Domestic Metals Closes Second Tranche of LIFE Offering and Extends Final Closing

Executive Summary

• Domestic Metals Corp. closed the second tranche of its LIFE Offering, issuing 7,082,856 units at $0.28 per unit for gross proceeds of approximately $1.98 million.
• Each unit includes one common share and one warrant exercisable at $0.40 per share for three years; warrants may accelerate if TSXV price ≥ $0.65 for 20 consecutive days.
• Net proceeds are earmarked for general working capital and exploration/development activities, with an extension requested to close the final tranche by November 14, 2025.

Key Details

• Units Issued: 7,082,856 units (each = 1 common share + 1 warrant).
• Price per Unit: $0.28.
• Gross Proceeds: $1,983,199.68.
• Warrant Terms: Right to purchase one additional share at $0.40 for three years from issuance; acceleration trigger if TSXV closing price ≥ $0.65 for 20 consecutive trading days with notice.
• Finder’s Fees: None payable on the second tranche closing.
• Extension Request: Final tranche to be closed on or before November 14, 2025; all terms unchanged.
• Use of Proceeds: General working capital and exploration/development costs.
• Regulatory Disclaimers: No U.S. offering; securities not registered under the 1933 Act; forward‑looking statements included.

Notable Quotes

• Patricio Varas, Chairman and CEO: “The successful closing of this tranche provides us with essential capital to advance our exploration programs and maintain momentum toward discovering economically viable copper and gold deposits.”