Coniagas Announces Cancellation of LIFE Offering
Coniagas Announces Cancellation of LIFE Offering
VANCOUVER, British Columbia, January 14, 2026 – Coniagas Battery Metals Inc. (TSX-V: COS) (“Coniagas”
or the “Company”) announces that, due to unfavorable market conditions, the Company has elected to
cancel its previously announced non-brokered private placement offering (the “LIFE Offering”). The LIFE
Offering was intended to be conducted under the Listed Issuer Financing Offering under section 5A.2
of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45 -
935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption.
The LIFE Offering was originally announced on December 3, 2025. Further details regarding the proposed
terms of the LIFE Offering can be found in the Company’s prior news releases.
The Company continues to evaluate other potential financing opportunities and will provide further
updates as appropriate.
About Coniagas Battery Metals Inc.
Coniagas Battery Metals Inc. is a Canadian junior mining company focused on nickel, copper and cobalt
and platinum group metals in Québec. Coniagas’ strategy is to create value for shareholders through the
development of its mineral properties, with the in tention to develop Coniagas into a critical metals
supplier to the electric vehicle (EV) market.
At its 100% owned Graal project near Saguenay, Quebec, Coniagas has conducted successful exploration
involving geophysics as well as shallow drilling that hit mineralization in almost every hole. It has
confirmed an open-pit deposit model at Graal along a 6 km strike length of high-grade nickel and copper
with cobalt, platinum and palladium byproducts. The Company plans in the near -term to conduct
additional drilling leading to the production of a Ni 43 -101 resource report, metallurgical testing and
consultations with First Nations. The Graal project and immediate work plan are outlined in detail in the
“NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada” dated
January 17, 2024. The report is available along with o ther information at the Company’s
website https://coniagas.com/.
“Frank J. Basa”
Frank J. Basa, P. Eng. Member of Professional Engineers Ontario
Chief Executive Officer
For further information, contact:
Frank J. Basa, P. Eng. Ontario
Chief Executive Officer
416-625-2342
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or:
Wayne Cheveldayoff, Corporate Communications
P: 416-710-2410 E: [email protected]
You can follow Coniagas on Social Media:
LinkedIn: https://www.linkedin.com/company/coniagas-battery-metals/
X (Twitter): https://twitter.com/coniagasmetals
Facebook: https://www.facebook.com/coniagas/
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
This news release contains "forward -looking statements." Statements in this news release that are not
purely historical are forward -looking statements and include any statements regarding beliefs, plans,
expectations, or intentions regarding the future. Forward-looking information in this release includes, but
is not limited to, statements regarding the Company’s evaluation of alternative financing opportunities
and all other statements that are not historical in nature.
Forward-looking information is based on management’s expectations, estimates, and projections as of the
date of this release and is subject to risks and uncertainties, many of which are beyond the Company’s
control. These risks and uncertainties include, b ut are not limited to: general economic, market, and
business conditions; the Company’s ability to secure future financing on acceptable terms or at all;
regulatory risks and compliance requirements; risks associated with the Company’s operating history;
technological development risks; and other risks described in the Company’s continuous disclosure filings.
Although management considers these assumptions to be reasonable based on information currently
available to it, they may prove to be incorrect. These forward -looking statements are only predictions
and involve known and unknown risks, uncertainties and ot her factors, including, without limitation: the
Company’s ability to execute its strategic initiatives; market volatility; risks related to the Company’s
working capital deficiency; and other risks described in the Company’s filings on SEDAR+.
Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure
materials, including its reports filed with the Canadian securities regulators and which can be obtained
from www.sedarplus.ca.
Any of these risks may cause the Company’s actual results, levels of activity, performance or achievements
to be materially different from any future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. Further, although the Company has attempted
to identify factors that could cause actual results, levels of activity, performance or achievements to differ
materially from those described in forward -looking statements, there may be other factors th at cause
results, levels of activity, performance or achievements not to be as anticipated, estimated or intended.
These forward- looking statements are made as of the date of this news release, and the Company assumes
no obligation to update the forward-looking statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements, except as required by applicable law.
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release.