New Energy Metals Corp. Closes Non-Brokered Private Placement
New Energy Metals Corp. Closes Non-Brokered Private Placement
Vancouver, BC – May 26, 2025 – New Energy Metals Corp. (TSXV: ENRG) (OTCQB:
NRGYF) (“New Energy ” or the “Company “) is pleased to announce that it has closed a non-
brokered private placement (the “Offering”) of 900,000 Units for gross proceeds of $112,500.
Each Unit consist s of one common share in the capital of the Company (a " Share") and one
transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder
to acquire one additional Share (a " Warrant Share") at an exercise price of $0.165 per Warrant
Share for a period of five (5) years from the date of issuance. The Warrants are subject to an
acceleration provision whereby, if the closing price of the Shares on the TSX Venture Exchange
(the “ TSXV”) equals or exceeds $0.50 for 10 consecutive trading days, the Company may
accelerate the expiry date of the W arrants by issuing a news release announcing such
acceleration (the “Notice”). In such event, the Warrants will expire on the date that is thirty (30)
days following the issuance of the Notice.
The Company intends to use the net proceeds of the Offering for general working capital
purposes. The Company may reallocate the proceeds in its discretion for sound business reasons.
All securities issued in connection with the Offering are subject to a statutory hold period of four
months and one day from the date of issuance in accordance with applicable securities laws.
Completion of the Offering remains subject to final approval of the TSX Venture Exchange.
A director of the Company subscribed for 100,000 Units for aggregate consideration of $12,500.
Such participation constitutes a “ related party transaction” within the meaning of Multilateral
Instrument 61 -101 – Protection of Minority Security Holders in Special Transactions (“MI 61 -
101”). The Company is relying on the exemptions from the formal valuation and minority
shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI
61-101, respectively, as the fair market value of the insider participation does not exceed 25% of
the Company’s market capitalization.
The securities issued pursuant to the Offering have not been and will not be registered under the
United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not
be offered or sold in the United States absent registration or an applicable exemption from such
registration requirements.
ON BEHALF OF THE BOARD OF DIRECTORS,
NEW ENERGY METALS CORP.
Kenneth Kaczkowski
CEO
www.new-enrg.com
About New Energy Metals Corp.
New Energy Metals Corp. is a Canadian -based resource company listed on the TSX Venture
Exchange under the symbol “ENRG” . The Company has an option to purchase a 100% interest in
the Troitsa Copper property covering approximately 7,000 hectares located in the Omineca
Mining Division of British Columbia.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward-Looking Statements
This news release contains certain “forward -looking statements” within the meaning of
applicable Canadian securities legislation. Forward -looking statements include, but are not
limited to, statements regarding the use of proceeds of the Offering, receipt of final approval
from the TSX Venture Exchange, and the future exercise of the Warrants. Forward -looking
statements are frequently identified by words such as “ expects”, “anticipates”, “believes”,
“intends”, “plans”, “may”, “will”, “could”, “should”, “estimate”, “potential” and similar
expressions, including negative forms thereof.
Forward-looking statements are based on certain assumptions and involve known and unknown
risks, uncertainties and other factors that may cause actual results, performance or achievements
of the Company to differ materially from those expressed or implied by such forward -looking
statements, including risks related to market conditions, regulatory approvals, financing risks and
general economic, market and business conditions. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could differ materially
from those anticipated in such statements.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company
undertakes no obligation to update or revise any forward-looking statements, except as required
by applicable securities laws.