Collective Metals Closes First Tranche of Flow Through Private Placement Financing
CSE: COMT | OTC: CLLMF | FSE: TO1
www.collectivemetalsinc.com
Collective Metals Closes First Tranche of Flow Through
Private Placement Financing
March 16, 2026
VANCOUVER, B.C. – COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”)
announces that further to its March 2, 2026 news release, the Company has closed the first tranche of its non-brokered
private placement of flow-through units (each, a "FT Unit") for aggregate gross proceeds in this first tranche of $1,075,000
(the "Offering"). The Company has issued 5,375,000 FT Units at a price of $0.20 per FT Unit, with each FT Unit comprised of
one (1) common share of the Company (each, a “Common Share”) issued on a flow-through basis under the Income Tax Act
(Canada) (each, a “FT Share”) and one half of one Common Share purchase warrant (each whole warrant, a “Warrant”).
Each Warrant entitles the holder to purchase one Common Share of the Company at a price of $0.25 for a period of 24
months from the date of issuance.
The gross proceeds from the sale of the FT Shares will be used by the Company to incur eligible “Canadian exploration
expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada)
(the “Qualifying Expenditures“) related to the Company’s Rocas Uranium Project in Saskatchewan, Canada. All Qualifying
Expenditures will be renounced in favour of the subscribers of the FT Units effective December 31, 2026.
In connection with the first tranche closing, an aggregate of $67,750 was paid in cash and a total of 376,250 finder’s warrants
(the “Finder’s Warrants”) were issued as finder’s fees. Each Finder’s Warrant entitles the holder thereof to acquire one (1)
Common Share (a “Finder’s Warrant Share”) at a price of $0.25 per Finder’s Warrant Share for a period of 24 months from
the date of issuance.
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 intended use of proceeds therefrom; the Company’s objectives, goals or future plans; and the commencement of
exploration programs in the future. 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 subject 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.