Supreme Critical Metals Announces Closing of First Tranche of Life Offering, Upsize to Offering and Filing of Amended and Restated Offering Document

Executive Summary

• Supreme Critical Metals closed the first tranche of its non‑brokered private placement, issuing 9.68 million Units at $0.10 per Unit for gross proceeds of $968,000.
• The company increased the total size of the LIFE Offering to a maximum of 14 million Units (up to $1.4 M) and expects the second tranche to close around February 15, 2026.
• Proceeds are earmarked for exploration activities, general corporate purposes, and working capital; the offering includes common shares and warrants, with additional finder’s fees and related‑party units disclosed.

Key Details

• Units Issued – Tranche 1: 9,680,000 Units @ $0.10 per Unit → $968,000 gross proceeds.
• Unit Composition: 1 Common Share + ½ warrant (each whole warrant allows purchase of one additional Common Share at $0.20 for 24 months).
• Finder’s Compensation: $49,910 paid in fees; issuance of 499,100 Finder’s Warrants (same terms as above).
• Related‑Party Transaction: 450,000 Units issued to insiders under MI 61‑101 exemption; no material change report filed due to timing.
• Offering Expansion: Maximum size raised to 14,000,000 Units → potential raise of up to $1,400,000.
• Second Tranche Timing: Anticipated closing on or about February 15, 2026, subject to regulatory approvals (including CSE conditional approval).
• Use of Proceeds: As described in the offering document – primarily for exploration activities, general corporate and working‑capital purposes.
• Regulatory Notes: Offering relies on Part 5A of NI 45‑106 exemption; securities not registered under U.S. law and not offered to U.S. persons.

Notable Quotes

• “The Company is pleased to announce the closing of the first tranche of the LIFE Offering and the increased size of the offering in response to strong investor demand.” – Glen R. Watson, President & CEO.