Bolt Metals Closes First Tranche of LIFE Offering
Bolt Metals Closes First Tranche of LIFE Offering
Vancouver, British Columbia / November 19, 2025 – 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 the successful closing of first tranche
of previously announced non-brokered listed issuer financing exemption offering (the “LIFE
Offering”), for total gross proceeds of $430,000.
The Company issued an aggregate of 2,150,000 units, at a price of $0.20 per unit (each, a “LIFE
Unit”), under the LIFE Offering for total proceeds of $430,000. Each LIFE Unit issued under the
LIFE Offering consisted of one (1) common share and one (1) common share purchase warrant
(each, a “Warrant”), issued pursuant to Part 5A of National Instrument 45 -106 – Prospectus
Exemptions (the “Listed Issuer Financing Exemption”). Each Warrant issued under the LIFE
Offering entitles the holder to acquire one (1) common share at a price of $0.40 per share for a
period of twenty-four (24) months from the date of issuance and is exercisable beginning sixty
(60) days following the closing date.
The Company intends to use the net proceeds from the LIFE Offering for general working capital
and corporate purposes.
In connection with the LIFE Offering, the Company paid cash finder’s fees of $ 19,800,
respectively, to Research Capital Corporation. In addition, the Company issued 94,500 broker
warrants (the “Broker Warrants”) to Research Capital Corporation as consideration for services
rendered in connection with the LIFE Offering. Each Broker Warrant has the same terms as the
warrant issued under the respective offering.
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 OTC under
the symbol PCRFC and in Germany under the WKN A3D8AK.
BOLT METALS CORP.
Zachary Kotowych, CEO and Director
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 LIFE Offering, the
expected use of proceeds from the LIFE Offering, the terms and conditions of the LIFE Units,
Warrants and Broker Warrants, 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 LIFE 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.