CCCM.V · 2025-02-27 12:00:00

C3 Metals Announces $10 Million Bought Deal Private Placement

Financings

C3 Metals Announces $10 Million Bought Deal

Private Placement

Toronto, Ontario--(Newsfile Corp. - February 27, 2025) -

C3 Metals Inc.

(TSXV: CCCM) (OTCQB:

CUAUF) ("

C3 Metals

" or the "

Company

") is pleased to announce that it has entered into an agreement

with Paradigm Capital Inc., as co-lead underwriter with Canaccord Genuity Group Inc. and on behalf of a

syndicate of underwriters (collectively, the "

Underwriters

"), pursuant to which the Underwriters have

agreed to purchase, on a bought deal private placement basis, 20,000,000 common shares of the

Company ("

") at a price of $0.50 per Share (the "

Issue Price

") for gross proceeds to the

Company of $10,000,000 ("

Offering

"). The Company has also granted the Underwriters an option to

purchase up to an additional 3,000,000 Shares at the Issue Price for additional gross proceeds of up to

$1,500,000, exercisable in whole or in part prior to the closing date of the Offering. Paradigm Capital

Inc. will act as sole bookrunner for the Offering.

The Company intends to use the net proceeds of the Offering for exploration and development activities

at the Company's Khaleesi Copper-Gold project, for exploration and development activities at the

Company's Super Block project, and general working capital purposes.

The Offering is being made by way of private placement in the provinces of Canada. The Shares may

also be offered in the United States pursuant to exemptions from the registration requirements of the

United States Securities Act of 1933, as amended, and in such other jurisdictions as may be mutually

agreed upon by the Underwriters and the Company. The securities issued under the Offering will be

subject to a hold period expiring four months and one day after the closing date of the Offering.

The Offering is expected to close on or about March 19, 2025 and is subject to certain closing conditions

including, but not limited to, the receipt of all necessary regulatory and other approvals including the

approval of the TSX Venture Exchange.

The securities described herein have not been, and will not be, registered under the United States

Securities Act of 1933, as amended (the "

U.S Securities Act

"), or any applicable securities laws of any

state of the United States and may not be offered or sold within the United States or to, or for the account

or benefit of, U.S. persons absent such registration or an applicable exemption from such registration

requirements. This release does not constitute an offer for sale or the solicitation of an offer to buy any of

the securities in the United States or to, or for the account or benefit of, a U.S. person. "U.S. person" and

"United States" are as defined in Regulation S under the U.S. Securities Act.

For additional information, contact:

Dan Symons

President and CEO

+1 416 716 6466

[email protected]

ABOUT C3 METALS INC.

C3 Metals Inc. is a mineral exploration company focused on creating substantive value for its

shareholders through the discovery and development of large copper and gold deposits. The Company

holds approximately 30,000 hectares located in the prolific high-grade Andahuaylas-Yauri Porphyry-

Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the

nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay

(Glencore). At Jasperoide, the Company has identified over 15 skarn prospects and an outcropping

porphyry system over two parallel 28km belts. The Company has published a maiden resource estimate

on the first of these skarn targets, which contained Measured & Indicated Resources of 52Mt at 0.5%

copper and 0.2 g/t gold. The Company is also actively exploring in Jamaica where it has identified 16

porphyry, 40 epithermal and multiple volcanic redbed copper prospects over a 30km strike extent. The

Company holds a 100% interest in 17,855 hectares of exploration licenses, of which Freeport-McMoRan

Exploration Corporation, a wholly-owned affiliate of Freeport-McMoRan Inc., has the option on 13,020

hectares to earn up to a 75% interest by funding up to US$75 million of exploration and project related

expenditures. The Company also holds a 50% interest in 9,870 hectares in a joint venture with Geophsyx

Jamaica Ltd, the largest mineral tenure holder in the country. Barrick Gold Corp. announced on May 1,

2024 that it had entered into an earn-in agreement with Geophysx Jamaica Ltd. on approximately

400,000 hectares of exploration licenses, several of which surround C3 Metals' mineral concessions.

Mining is currently the second largest industry in Jamaica, and historical mining dates back to the

colonial eras of the 1500s (Spanish) and 1800s (British).