Bolt Metals Announces Consolidation of Common Shares
BOLT METALS ANNOUNCES CONSOLIDATION OF COMMON SHARES
Vancouver, British Columbia – October 15, 2025 – Bolt Metals Corp. (“Bolt” or
the “Company”) (TSXV: BOLT) (OTCQB: PCRCF) (FSE: A3D8AK), is pleased to announce that
it will consolidate its issued and outstanding common shares (the “Shares”) on the basis of one
(1) new common share for every twenty-five (25) existing common shares (the “Consolidation”).
The Company believes the Consolidation will help position Bolt to appeal to a broader base of
investors and enhance its capital markets profile.
The Consolidation received shareholder approval at the Company’s annual general and special
meeting held on August 7, 2025, and was subsequently approved by the Board of Directors on
October 8, 2025. The record date for the Consolidation has been set as October 23, 2025, with
trading of the post-consolidation shares expected to begin on or about October 23, 2025, subject
to final acceptance by the Canadian Securities Exchange (the “CSE”). Following the
Consolidation, the Company’s name and ticker symbol will remain unchanged, while its new
CUSIP and ISIN numbers will be 097692404 and CA0976924047, respectively.
As of the date of this news release, Bolt has 109,459,708 common shares issued and outstanding.
Upon completion of the Consolidation, the Company will have approximately 4,378,388 common
shares outstanding, subject to rounding. No fractional shares will be issued; any resulting
fractional share will be rounded down to the nearest whole share.
The exercise or conversion terms of all outstanding warrants, stock options, and other convertible
securities will be proportionally adjusted to reflect the Consolidation ratio.
A letter of transmittal will be provided to registered shareholders holding certificates or direct
registration statements (“DRS”) outlining the process for exchanging their pre -Consolidation
shares for post-Consolidation shares. Shareholders who hold their shares through a broker or
other intermediary will have their accounts automatically updated in accordance with the
intermediary’s procedures.
Property Portfolio Update
The Company also advises that it no longer holds any ownership or operational rights in the Silver
Switchback Copper-Silver Property located in British Columbia, Canada, the Soap Gulch Copper
Project located in Montana, USA, or the New Britain Antimony Property located in British
Columbia, Canada. These properties were previously acquired, optioned or staked in 2024;
however, the Company has since relinquished, terminated, or otherwise disposed of its interests
in these assets as part of an ongoing strategic review of its project portfolio and capital allocation
priorities.
Restricted Share Units
Additionally, the Company has granted 19,000,000 Restricted Share Units (“RSUs”) to certain
consultants of the Company pursuant to its Equity Incentive Plan, dated May 3, 2024, and adopted
by the shareholders on June 18, 2024. The RSUs are subject to the standard four (4) month and
one (1) day hold period.
About Bolt Metals Corp.
Bolt Metals Corp. is a North American mineral acquisition and exploration company focused on
the development of quality precious and base metal properties that are drill-ready with high-upside
and expansion potential. Bolt trades on the CSE Exchange under the symbol BOLT , the OTCQB
Exchange under the symbol PCRFC and in Germany under the WKN A3D8AK.
Bolt Metals Corp.
Zachary Kotowych – CEO and Director
1-800-614-BOLT (2658)
Reader Advisory
This news release contains statements that constitute “forward-looking information” within the
meaning of applicable Canadian securities laws. The words “may”, “could”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect”, and similar ex pressions are intended to identify
forward-looking information. Forward-looking information in this news release includes, but is not
limited to, statements regarding the completion of the share consolidation, the expected effective
date and record date of the consolidation, the commencement of trading of the post-consolidation
shares, the receipt of final approval from the CSE, the potential effects of the consolidation on the
Company’s capital structure and investor appeal, the grant and vesting of RSUs pursuant to the
Company’s Equity Incentive Plan, and the Company’s ongoing strategic review and evaluation of
future project or corporate opportunities following the relinquishment of the Silver Switchback,
Soap Gulch, and New Britain properties. Forward-looking information is based on a number of
assumptions that management believes to be reasonable at the time such statements are made,
including assumptions regarding the timely receipt of all required regulatory approvals, market
conditions, the Company’s ability to complete the consolidation as planned, the continued
services of consultants receiving RSUs, and the Company’s ability to identify and evaluate new
opportunities that align with its strategic objectives. Forward-looking information is subject to
known and unknown risks, uncertainties, and other factors that may cause actual results to differ
materially from those expressed or implied by such forward -looking information. Such risks
include, but are not limited to, the risk that required approvals may not be obtained on the terms
anticipated or at all, the risk that the consolidation or RSU grants may not be completed as
planned or may have unintended consequences, the risk that the Company may not be successful
in identifying or completing future opportunities, and general business, economic, competitive,
political, and social uncertainties, market volatility, and other risks described in the Company’s
public filings available under its profile on SEDAR+. Readers are cautioned not to place undue
reliance on forward-looking information. Except as required by applicable securities laws, the
Company undertakes no obligation to update or revise any forward-looking information, whether
as a result of new information, future events, or otherwise.
The Canadian Securities Exchange has not approved or disapproved this news release.