Bolt Metals Announces Upsize Non-Brokered Private Placement to $6,000,000
Bolt Metals Announces Upsize Non-Brokered
Private Placement to $6,000,000
Vancouver, British Columbia / January 9th, 2026 – Bolt Metals Corp. (“Bolt” or the
“Company”) (TSXV: BOLT) (OTC: PCRCF) (FSE: A3D8AK), a North American mineral
acquisition and exploration company, is pleased to announce that further to the Company’s news
release disseminated on December 1, 2025, announcing a non-brokered private placement of up to
12,903,225 special warrants of the Company (each, a “Special Warrant”) at a price of $0.31 per
special warrant for aggregate gross proceeds of up to $4,000,000 (the “Offering”), the Company
has received significant interest in the Offering. As a result of this interest, the Company intends
to upsize the Offering up to 19,354,838 special warrants at a price of $0.31 per special warrant,
for aggregate gross proceeds from up to $4,000,000 to up to $6,000,000.
Each Special Warrant will automatically convert, for no additional consideration, into one unit of
the Company (each a “Unit”) on the date that is the earlier of: (i) the date that is three business
days following the date on which the Company files a prospectus supplement to a short form base
shelf prospectus with the securities commissions qualifying distribution of the Units underlying
the Special Warrants (the “Prospectus Supplement”), and (ii) the date that is four months and one
day after the closing of the Offering.
Each Unit will be comprised of one common share of the Company (each, a “Share”) and one
share purchase warrant (each, a "Warrant") of the Company, with each Warrant exercisable into
one additional Share at an exercise price of $0.41 for two (2) years from the date of closing.
The Warrants will be subject to ten percent blocker provision that restrict the exercise of any
Warrants, in the event that such exercise would result in the applicable securityholder holding ten
percent or more of the issued and outstanding Shares at such time.
The Company will use the net proceeds from the Offering for operations and administrative costs.
The Company intends to use the proceeds raised from the Offering for ongoing exploration
activities and general working capital. The Offering is subject to certain conditions including, but
not limited to, receipt of all necessary approvals including the approval of the Canadian Securities
Exchange (the “CSE”).
The Special Warrants are expected to be issued pursuant to exemptions from the prospectus
requirements under Canadian securities laws, such as the accredited investor, $150,000 minimum
investment, or other relevant exemptions under National Instrument 45 -106 – Prospectus
Exemptions. Prior to the filing of the Prospectus Supplement and the automatic conversion of the
Special Warrants, the securities issued under the Offering will be subject to a four -month hold
period from the date of closing of the Offering in addition to any other restrictions under applicable
law.
The Company may pay finder’s fees on the Offering within the amount permitted by the policies
of the CSE.
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 under the symbo l BOLT, the OTC under the
symbol PCRFC and in Germany under the WKN A3D8AK.
BOLT METALS CORP.
Zachary Kotowych, CEO and Director, 888-614-2658
For more information, please email [email protected] or visit www.boltmetals.com.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.
Forward-looking statements:
This news release includes "forward-looking statements" under applicable Canadian securities
legislation. Such forward-looking information reflects management's current beliefs and is based
on a number of estimates and/or assumptions made by and information currently available to the
Company that, while considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors that may cause the actual results and future events to differ
materially from those expressed or implied by such forward-looking statements. Forward-looking
statements relate to future events or the Company’ s future performance and include, but are not
limited to, statements with respect to: the closing of subsequent tranches of the Offering, the
expected use of proceeds from the Offering, the terms and conditions of the Units, Warrants, the
filing of the Prospectus Supplement, and the Company’ s exploration and corporate plans and
objectives. Readers are cautioned that such forward-looking statements are neither promises nor
guarantees and are subject to known and unknown risks and uncertainties. These risks include,
but are not limited to: uncertain and volatile equity and capital markets; the Company’ s ability to
complete additional tranches of the Offering; the use of proceeds differing from management’ s
current expectations; actual results of exploration and development activities; environmental
risks; future prices of metals; operating risks; accidents; labour issues; delays in receiving
required approvals and permits; changes in government regulations; and risks associated with
early-stage mineral exploration.
The Company is presently an exploration stage company. Exploration is highly speculative in
nature, involves many risks, requires substantial expenditures, and may not result in the discovery
of mineral deposits that can be mined profitably. Furthermore, the Company currently has no
reserves on any of its properties. As a result, there can be no assurance that such forward-looking
statements will prove to be accurate, and actual results and future events could differ materially
from those anticipated in such statements.