Emperor Metals Announces Final Over-Subscribed Closing of LIFE Offering for Aggregate Gross Proceeds of $11 Million

Executive Summary

• Emperor Metals completed the second and final closing of its “best efforts” private placement, raising approximately $1.15 million in gross proceeds (bringing total aggregate proceeds to about $11.09 million).
• The company issued 5,751,669 Common Units at $0.20 per unit, each consisting of one common share and half a warrant exercisable at $0.35 for 24 months.
• Proceeds are earmarked for general and administrative expenses and working capital, supporting ongoing exploration activities in Quebec’s Abitibi Greenstone Belt.

Key Details

• Units Issued: 5,751,669 Common Units @ $0.20 each → $1,150,333.80 gross proceeds (second closing).
• Aggregate Offering Proceeds: Approximately $11,093,333.60 across all closings.
• Unit Composition:
• 1 common share per unit
• ½ of a Common Share purchase warrant per unit (full warrant exercisable at $0.35/share, 24‑month term).
• Lead Agent/Bookrunner: SCP Resource Finance LP, with syndicate including Canaccord Genuity Corp.
• Agents’ Option Exercise: Agents partially exercised option for 5,466,668 Common Units.
• Broker Warrants to Agents: 345,100 non‑transferable broker warrants issued; each exercisable at $0.20 per share for 24 months.
• Evanachan Limited (EL) Participation:
• Acquired 750,000 Common Units @ $0.20 = $150,000 (≈1.65% of total units sold).
• Post‑closing holdings: 13,750,000 shares and 6,875,000 purchase warrants → ~6.9% non‑diluted, ~10.0% partially diluted ownership.
• Use of Proceeds: General & administrative expenses; working capital for exploration programs (as described in the offering document dated September 12 2025).
• Exemption Basis: Issuance under the Listed Issuer Financing Exemption (NI 45‑106), no hold period required.

Notable Quotes

(No direct CEO/President quotes were included in the release.)