Emperor Metals Announces Closing of $10 Million LIFE Offering

Executive Summary

• Emperor Metals Inc. closed its “best efforts” private placement, raising approximately $9.94 million in aggregate gross proceeds.
• The offering consisted of 14,714,999 Common Units at $0.20 each and 25,000,000 Flow‑Through (FT) Units at $0.28 each, plus broker warrants issued to the agents.
• Proceeds will be allocated to eligible Canadian exploration expenses for the Duquesne West and Lac Pelletier projects (FT proceeds) and to general & administrative working capital (Common Unit proceeds).

Key Details

• Total Gross Proceeds: ~ $9,943,000.
• Units Issued:
• Common Units – 14,714,999 @ $0.20 per unit.
• FT Units – 25,000,000 @ $0.28 per unit.
• Lead Agent / Bookrunner: SCP Resource Finance LP (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” (flow‑through mining expenditures) on the Duquesne West and Lac Pelletier projects in Quebec, to be completed by 31 Dec 2026; expenses will be renounced to FT shareholders by 31 Dec 2025.
• Use of Common Unit Proceeds: For general and administrative expenses and working capital as described in the offering document dated 12 Sep 2025.
• Broker Warrants: Agents received 2,382,899 non‑transferable warrants, each exercisable for one common share at $0.20 per share for a period of 24 months from closing.
• Direct Settlers: A portion of additional subscribers will settle directly with the company in the coming weeks.

Notable Quotes

(No direct quotes were included in the release.)