Supreme Critical Metals Announces Closing of Second and Final Tranche of LIFE Offering

Executive Summary

• Supreme Critical Metals Inc. closed the final tranche of its non‑brokered private placement, issuing 1,730,000 units at $0.10 per unit.
• The total offering raised gross proceeds of $1,141,000, representing an oversubscription to 114.1% of the originally announced maximum.
• Net proceeds will be used for general corporate and working‑capital purposes; the securities are exempt from a statutory hold period.

Key Details

• Final Tranche Size: 1,730,000 units (each unit = 1 common share + ½ warrant).
• Price per Unit: $0.10 → gross proceeds for this tranche: $173,000.
• Warrant Terms: Each whole warrant allows purchase of one additional common share at $0.20, exercisable for 24 months from closing.
• Total Offering Size: 11,410,000 units issued across all tranches.
• Total Gross Proceeds: $1,141,000 (including prior tranche(s)).
• Oversubscription Rate: 114.1% of the originally announced maximum of 10,000,000 units.
• Finder Compensation: $2,130 in finder’s fees; issuance of 23,100 finder’s warrants (same exercise price and term as other warrants).
• Regulatory Approval: Conditionally approved by the Canadian Securities Exchange; securities not subject to a four‑month plus one‑day statutory hold period.
• Use of Proceeds: As described in the Offering Document – primarily general corporate and working‑capital purposes.

Notable Quotes

“We are pleased to have successfully closed the final tranche of our LIFE Offering, providing us with additional capital to advance our strategic initiatives.” – Glen R. Watson, President & CEO

All boilerplate, forward‑looking statements, and disclaimer text have been omitted for clarity.