CCCM.V · 2026-01-22 12:00:00

C3 Metals Announces Upsize of Previously Announced Bought Deal Private Placement to $24 Million

Financings

C3 Metals Announces Upsize of Previously

Announced Bought Deal Private Placement to

$24 Million

Toronto, Ontario--(Newsfile Corp. - January 22, 2026) -

C3 Metals Inc.

(TSXV: CCCM) (OTCQB:

CUAUF) ("

C3 Metals

" or the "

Company

") is pleased to announce, due to investor demand the

Company and Paradigm Capital Inc. ("

Paradigm

"), as lead underwriter and sole bookrunner, on behalf

of a syndicate of underwriters (the "

Underwriters

"), have agreed to increase the size of the Company's

previously announced bought deal private placement offering (the "Offering"). Under the amended

Offering, 22,134,800 common shares of the Company (the "

") are to be issued at $1.10 per

Share (the "

Issue Price

") for gross proceeds of $24,348,280. The Company has also granted the

Underwriters an option to purchase up to an additional 3,320,000 Shares at the Issue Price for

additional gross proceeds of up to $3,652,220, exercisable in whole or in part prior to the closing date of

the Offering.

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

at the Company's 100%-owned Khaleesi Copper-Gold project, for exploration and development

activities at the Company's 50%-owned 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 February 11, 2026 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. A cash commission equal to 6.0% on the gross

proceeds of the Offering shall be paid to the Underwriters, subject to the policies of the TSX Venture

Exchange and applicable securities laws.

The Offering may constitute a related party transaction within the meaning of TSX Venture Exchange

Policy 5.9 and Multilateral Instrument 61-101 -

Protection of Minority Security Holders in Special

Transactions

MI 61-101

") as insiders of the Company may participate in the Offering. Should insiders

participate, the Company will rely on the exemptions from the valuation and minority shareholder

approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the

Company is not listed on a specified market and the fair market value of the proposed participation in

the Offering by the insiders will not exceed 25% of the market capitalization of the Company in

accordance with MI 61-101.

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 31,000 hectares located in the prolific high-grade Andahuaylas-Yauri Porphyry-

Skarn belt of Southern Peru, which contain the Company's Jasperoide and Khaleesi projects.

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 13 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

[1]

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. (NYSE: FCX), 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 Mining 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).