New Energy Closes Non-Brokered Private Placement
Vancouver, BC – August 8, 2025 – New Energy Metals Corp. (TSXV: ENRG) (OTCQB: NRGYF) (“New Energy” or the “Company“) is pleased to announce that it has closed a nonbrokered private placement (the “Offering”) of 278,000 units at a price of $0.18 per unit for gross proceeds of $50,040.
Each Unit consists of one common share (a “Share”) and one transferable common share purchase warrant (a “Warrant”) of the Company. Each Warrant entitles the holder to purchase one additional Share at a price of $0.25 per Share for a period of two years from the date of issuance.
The Company intends to use the net proceeds from the Offering for general working capital purposes.
All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The Offering remains subject to final approval by the TSX Venture Exchange ("TSX-V").
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
ON BEHALF OF THE BOARD OF DIRECTORS,
NEW ENERGY METALS CORP.
Kenneth Kaczkowski
CEO www.new-enrg.com
About New Energy Metals Corp.
New Energy Metals Corp. is a Canadian-based resource company listed on the TSX Venture Exchange under the symbol “ENRG”. The Company has an option to purchase a 100% interest in the Troitsa Copper property covering approximately 7,000 hectares located in the Omineca Mining Division of British Columbia.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws relating to the Company’s closing of the Offering, the expected use of proceeds, and the Company’s future plans and strategic initiatives. Forward-looking statements are based on expectations, estimates, and projections as of the date of this news release and are subject to a number of risks and uncertainties, including without limitation, market conditions, the ability of the Company to execute its business plans, and other risk factors disclosed in the Company’s public disclosure documents. There can be no assurance that the Offering will yield the anticipated benefits or that the proceeds will be used as currently intended. Actual results may differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to update any forward-looking statements except as required by applicable law.