Collective Metals Announces Closing of Private Placement for Gross Proceeds of CDN $1,438,665.72
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Collective Metals Announces Closing of Private Placement
for Gross Proceeds of CDN $1,438,665.72
January 28, 2026
VANCOUVER, B.C. – COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is
pleased to announce that is has closed its non-brokered private placement (the “Offering”) previously announced on
January 8, 2026 and January 9, 2026 and has issued 16,925,479 units (each, a “Unit”), at a price of $0.085 per Unit, for
aggregate gross proceeds of $1,438,665.72. Each Unit is comprised of one common share of the Company (each, a “Share”)
and one transferable common share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder to
acquire one additional Share at an exercise price of $0.105 for a period of 24 months from the closing date. The Warrants
contain an accelerated expiry clause (the "Acceleration Clause") whereby pursuant to the Acceleration Clause, if the Shares
of the Company close at or above $0.20 for ten (10) consecutive trading days on the Canadian Securities Exchange, then the
Company may accelerate the expiry date of the Warrants by issuing a news release announcing the accelerated Warrant
term, pursuant to which the Warrants will expire on the 30th calendar days after the date of such news release.
Finder's fees of 57,020.75 and 670,833 finder's warrants (the “Finder’s Warrants”) were paid to arm's length parties in
connection with the Offering (each Finder's Warrant exercisable on the same terms as the Warrants forming part of the
Units).
The Company will use the proceeds from the Offering for general working capital purposes. All securities issued in
connection with the Offering are subject to a statutory hold period of four months and one day.
The securities issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities
Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S.
persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news
release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in
the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
About Collective Metals
Collective Metals Inc. (CSE: COMT | OTC: CLLMF | FSE: TO1) is a resource exploration company specializing in critical and
precious metals exploration in North America.
The Company’s Rocas project comprises 4,002 hectares, located 75 kilometers southwest of the Key Lake Mine and Mill
facilities along Highway 914, and approximately 72 kilometers south of the present-day margin of the Athabasca Basin. The
Project hosts several uranium showings, including historical mineralized outcrop grab samples along approximately 900
metres of strike length, grading up to 0.5 wt.% U3O81. Notably, none of the historical uranium occurrences have been drill-
tested.
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Collective Metals Inc
Collective Metals Inc
ON BEHALF OF COLLECTIVE METALS INC.
Christopher Huggins
Chief Executive Officer
T: 604-968-4844
Forward Looking Information
This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation
Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this news release, the
words “anticipate”, “believe”, “estimate”, expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or
expressions, identify forward-looking statements or information.
Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and
capital markets profile of Collective, future growth potential for Collective and its business, and future exploration plans are based on
management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience
and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and
reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the
price of lithium and other metals; costs of exploration and development; the estimated costs of development of exploration projects;
Collective’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
This news release contains “forward-looking information” within the meaning of the Canadian securities laws. Statements, other than
statements of historical fact, may constitute forward looking information and include, without limitation, statements with respect to the
Offering and the use of proceeds. With respect to the forward-looking information contained in this news release, the Company has made
numerous assumptions regarding, among other things, the geological, metallurgical, engineering, financial and economic advice that the
Company has received is reliable and are based upon practices and methodologies which are consistent with industry standards. While the
Company considers these assumptions to be reasonable, these assumptions are inherently subje ct to significant uncertainties and
contingencies. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or
achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking
information contained herein. Known risk factors include, among others: fluctuations in commodity prices and currency exchange rates;
uncertainties relating to interpretation of well results and the geology , continuity and grade of lithium and other metal deposits;
uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for
cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to
obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of
delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones;
uncertainty as to timely availability of permits and other governmental approvals; increased costs and restrictions on operations due to
compliance with environmental and other requirements; increased costs affecting the metals industry and increased competition in the
metals industry for properties, qualified personnel, and management. All forward-looking information herein is qualified in its entirety by
this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to
publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or
developments, except as required by law.
The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.
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