Enerev5 Metals Inc. Announces Closing of $315,000 First Tranche Non-Brokered Private Placement

Executive Summary

• Enerev5 Metals Inc. closed the first tranche of a non‑brokered private placement, selling 31.5 million units at $0.01 per unit for gross proceeds of $315,000.
• Each unit includes one common share and one warrant to purchase an additional share at $0.05 exercise price, exercisable for five years.
• Proceeds are earmarked for general corporate and working‑capital purposes, project review, and acquisition costs; a second (final) tranche is expected to close around March 5, 2026.

Key Details

• Units sold: 31,500,000 units at $0.01 per unit → Gross proceeds: $315,000.
• Unit composition: 1 common share + 1 share purchase warrant (exercise price $0.05, five‑year term).
• Use of proceeds: General corporate and working‑capital purposes, project review, acquisition costs.
• Closing timeline: First tranche closed March 3, 2026; second/final tranche anticipated on or about March 5, 2026.
• Regulatory conditions: Subject to TSX Venture Exchange approval and statutory hold period of four months and one day.
• Finder compensation: $25,200 cash paid to eligible finders plus issuance of 3,150,000 non‑transferable broker warrants (price $0.05 per warrant) for “Broker Units” on the same terms as the offering units.
• Warrant terms: Holders may acquire one share per warrant at $0.05 per share; exercisable for five years from closing date.

Notable Quotes

(No executive quotes were included in the release.)