Emperor Metals closes $9.94-million private placement

Executive Summary

• Emperor Metals Inc. closed a best‑effort private placement raising approximately $9.94 M in gross proceeds.
• The offering consisted of 14,714,999 common units at $0.20 each and 25 M flow‑through (FT) units at $0.28 each, plus broker warrants issued to agents.
• Proceeds will fund eligible Canadian exploration expenses on the Duquesne West and Lac Pelletier projects and provide general & administrative working capital.

Key Details

• Units Issued – Common: 14,714,999 units @ $0.20 per unit → ≈ $2.94 M gross proceeds.
• Units Issued – Flow‑Through: 25,000,000 FT units @ $0.28 per unit → ≈ $7.00 M gross proceeds.
• Total Gross Proceeds: Approximately $9,943,000.
• Lead Agent / Bookrunner: SCP Resource Finance LP (lead agent and sole bookrunner) with syndicate including Canaccord Genuity Corp.
• Financing Exemption: Issued under the listed issuer financing exemption (NI 45‑106 Part 5A) – no hold period required.
• Use of FT Proceeds: To incur eligible Canadian exploration expenses for Duquesne West and Lac Pelletier projects in Quebec, to be completed by Dec 31 2026; expenditures will be renounced to FT subscribers effective Dec 31 2025.
• Use of Common Unit Proceeds: General and administrative expenses and working capital as described in the offering document dated Sept 12 2025.
• Broker Warrants to Agents: 2,382,899 non‑transferable warrants; each exercisable for one common share at $0.20 per share for 24 months from closing.
• Direct Settlers: Additional subscribers will settle directly with the company; some expected to close in coming weeks.

Notable Quotes

(No direct quotes were provided in the release.)