Hayasa Metals increases financing to $2-million

Executive Summary

• Hayasa Metals Inc. upsized its non‑brokered private placement from up to C$1.7 M to up to C$2 M, increasing the maximum units offered to 11,764,706 at C$0.17 per unit.
• Each unit consists of one common share and half a share purchase warrant (full warrant allows purchase of one share at C$0.22 after 61 days, exercisable for 18 months).
• Net proceeds will be used to advance exploration at the Urasar project in Armenia, evaluate additional mineral property opportunities, and fund general working capital.

Key Details

• Offering Size: Increased by C$300,000 – from up to 10 M units (C$1.7 M) to up to 11,764,706 units (C$2 M).
• Price per Unit: C$0.17.
• Unit Composition: 1 common share + ½ share purchase warrant; full warrant = right to buy 1 share at C$0.22.
• Warrant Terms: Exercise window opens 61 days after placement close and expires 18 months thereafter.
• Exemptions Used: Listed issuer financing exemption under NI 45‑106 (Canada); U.S. securities law exemptions also available.
• Placement Lead: Existing shareholders and insiders; finders’ fees up to 5% of proceeds payable in cash.
• Use of Proceeds:
• Advance exploration at the Urasar copper‑gold project (Armenia).
• Evaluate other mineral property opportunities.
• General working capital.
• Closing Date: On or about September 19, 2025; may close in multiple tranches and is subject to customary conditions, including TSX‑V conditional approval.
• Related Party Participation: Directors/officers may acquire units; transaction exempt from formal valuation/minority shareholder approval under MI 61‑101 (does not exceed 25% of market cap). Units acquired by insiders subject to a four‑month hold period per TSX‑V policy.

Notable Quotes

“We are encouraged by the interest by existing and new shareholders in the offering and owing to strong demand that exceeds the initial offering size, we are pleased to increase the offering to $2 million to accommodate the additional interest on a first‑come‑first‑serve basis. We continue to expect to have Urasar assays out in early October.” – Joel Sutherland, CEO, Hayasa Metals Inc.