Collective Metals Announces Flow-Through Financing

Executive Summary

• Collective Metals announced a non‑brokered private placement of up to 7,500,000 flow‑through units (FT Units) at C$0.20 per unit, targeting gross proceeds of up to C$1.5 million.
• Proceeds are earmarked for eligible Canadian exploration expenses on the Rocas uranium project, with qualifying expenditures to be renounced to subscribers by 31 Dec 2026.
• Each FT Unit includes one common share (issued as a flow‑through share) and half of a warrant allowing purchase of an additional common share at C$0.25 for 24 months; warrants contain an acceleration clause tied to the company’s share price performance.

Key Details

• Offering Size: Up to 7,500,000 FT Units
• Price per Unit: C$0.20 (gross proceeds up to C$1,500,000)
• Unit Composition:
• 1 common share issued as a flow‑through share under the Canadian Income Tax Act.
• ½ of one common share purchase warrant (full warrant grants right to buy 1 common share at C$0.25).
• Warrant Terms:
• Exercise price: C$0.25 per common share.
• Expiration: 24 months from issuance, unless accelerated.
• Acceleration Clause: If the company’s common shares close ≥ C$0.30 for ten consecutive trading days on the Canadian Securities Exchange, the company may accelerate expiry to 30 calendar days after a news release announcing such acceleration.
• Use of Proceeds: Entire net proceeds will be applied to eligible “Canadian exploration expenses” that qualify as flow‑through mining expenditures for the Rocas uranium project in Canada.
• Renunciation Deadline: All qualifying expenditures will be renounced to FT Unit subscribers by 31 Dec 2026.
• Regulatory Conditions: Offering subject to receipt of all required approvals, including CSE approval; securities subject to a statutory hold period ending four months plus one day after the closing date.
• Finder’s Fees: Company may pay finder’s fees to eligible finders in accordance with exchange policies.

Notable Quotes

• “The private placement provides us with essential capital to advance exploration at Rocas, positioning Collective Metals for future growth in the uranium sector.” – Christopher Huggins, Chief Executive Officer

All forward‑looking statements are subject to risks and uncertainties detailed in the release.