Collective Metals amends financing terms

Mr. Christopher Huggins reports COLLECTIVE METALS ANNOUNCES AMENDED TERMS FOR PRIVATE PLACEMENT Collective Metals Inc. has amended the terms of its non-brokered private placement financing for gross proceeds of up to $1,499,999.93, previously announced on Jan. 8, 2026. As announced in the initial news release, the company disclosed its intention to complete a non-brokered private placement of up to 17,647,058 units of the company at a purchase price of 8.5 cents per unit, with each unit consisting of one common share of the company and one transferable common share purchase warrant, with each warrant exercisable into one additional share for a period of two years from the closing date at an exercise price of 10 cents. The warrants contain an accelerated expiry clause whereby, pursuant to the acceleration clause, if the shares of the company close at or above 20 cents for 10 consecutive trading days on the Canadian Securities Exchange, then the company may accelerate the expiry date of the warrants by issuing a news release announcing the accelerated warrant term, pursuant to which the warrants will expire on the 30th calendar days after the date of such news release. The company wishes to advise that it has amended the terms of the warrants forming part of the units by increasing the exercise price from 10 cents per share to 10.5 cents per share. All other terms of the private placement remain unchanged from those disclosed in the initial news release. The units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The company may pay finders' fees to eligible finders in connection with the private placement, subject to compliance with applicable securities laws and the policies of the CSE. There will be a hold period of four months and one day on all securities issued under the private placement. About Collective Metals Inc. Collective Metals is a resource exploration company specializing in critical and precious metals exploration in North America. The company's Rocas project comprises 4,002 hectares, located 75 kilometres southwest of the Key Lake mine and mill facilities along Highway 914, and approximately 72 kilometres south of the present-day margin of the Athabasca basin. The project hosts several uranium showings, including historical mineralized outcrop grab samples along approximately 900 metres of strike length, grading up to 0.5 weight per cent U3O8. Notably, none of the historical uranium occurrences have been drill tested. We seek Safe Harbor.