Bolt Metals Closes Second Tranche of LIFE Offering and Completes Unit Private Placement

Executive Summary

• Bolt Metals Corp. closed the second tranche of its non‑brokered listed issuer financing exemption (“LIFE”) offering, issuing 350,000 units at $0.20 for gross proceeds of $70,000.
• The company also completed a non‑brokered private placement (“Unit Offering”), issuing 15,000,000 units at $0.20 for total gross proceeds of $3,000,000.
• Including the first tranche of the LIFE offering ($430,000), Bolt Metals has now raised an aggregate $3,500,000 in net proceeds to fund general working capital and corporate purposes.

Key Details

• LIFE Offering – Second Tranche: 350,000 units @ $0.20 each → $70,000 gross proceeds.
• Each unit = 1 common share + 1 common‑share purchase warrant (exercise price $0.40, exercisable after 60 days, valid 24 months).
• Unit Offering: 15,000,000 units @ $0.20 each → $3,000,000 gross proceeds.
• Each unit = 1 common share + 1 warrant (exercise price $0.40, exercisable for 36 months).
• Finder’s Fees & Warrants: Paid cash finder’s fees of $129,540 and issued 641,500 Finder’s Warrants (exercise price $0.20, exercisable for 24 months).
• Total Capital Raised to Date: Including the first tranche of the LIFE Offering ($430,000 closed 19 Nov 2025), total proceeds equal $3,500,000.
• Use of Proceeds: Net proceeds will be applied to general working capital and corporate purposes.

Notable Quotes

• Zachary Kotowych, CEO and Director: “The successful completion of both the LIFE Offering and Unit Offering provides Bolt Metals with the necessary capital to advance our exploration programs and pursue strategic growth opportunities.”