HM Exploration Announces Closing of Private Placement for Gross Proceeds of $998,979.85
HM Exploration Corp.
#1450 – 789 West Pender Street
+1 (709) 682-9123
CSE: HM
HM Exploration Announces Closing of Private Placement for Gross Proceeds of $998,979.85
November 26, 2025
Vancouver, B.C. – HM Exploration Corp. (“HM Exploration” or the “ Company”) (CSE: HM) is pleased to
announce that is has closed its non -brokered private placement (the “ Offering”) previously announced
on October 22 , 2025 and has issued 9,081,635 units (each, a “ Unit”), at a price of $0. 11 per Unit, for
aggregate gross proceeds of $998,979.85. Each Unit is comprised of one common share of the Company
(each, a “Share”) and one-half (1/2) of one (1) transferable common share purchase warrant (each whole
warrant, a “ Warrant”), with each Warrant entitling the holder to acquire one additional Shar e at an
exercise price of $0.16 for a period of 36 months from the closing date.
The Company will use the proceeds from the Offering towards exploration on the Company’s properties
and/or for general working capital purposes.
The Offering constitutes a "related party transaction" within the meaning of Multilateral Instrument 61 -
101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as Nicholas Rodway,
the Chief Executive Officer and a director of the Company, subscribed for an aggregate of 281,001 Units
for aggregate proceeds of $ 30,910.11. The Company relied on the exemptions from the 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 with respect to the insider participation in the Offering as the fair market value o f the
consideration of the securities issued to the related party did not exceed 25% of the Company's market
capitalization. The Company did not file a material change report in respect of the participation of the
insiders in the Offering at least 21 days before closing of the Offering as the participation of the insider
was not determined at that time.
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 HM EXPLORATION CORP.
HM Exploration Corp. (HM) is a Canadian mineral exploration company focused on the acquisition and
development of mineral projects in Canada. The Company is currently advancing the Devil’s Den Project,
an exploration-stage exploration project that consists of two contiguous claims totaling approximately
3,200 hectares, located on Vancouver Island, British Columbia. The project hosts multiple historical adits
with high-grade surface occurrences that remain undrilled. The Company also entered into an option
agreement to acquire the Pilley’s Island Copper Project located in Newfoundland, Canada. The Pilley’s
Island Project hosts a cluster of Volcanogenic Massive Sulfide (VMS) systems and prospects with
demonstrated high-grade Zn-Pb-Cu-Ag intersections.
HM Exploration Corp.
#1450 – 789 West Pender Street
+1 (709) 682-9123
CSE: HM
On Behalf of the Board
HM EXPLORATION CORP.
“Nicholas Rodway”
CEO & Director
+1 (709) 682-9123
FORWARD LOOKING STATEMENTS
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 rel ease, 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 HM , future growth potential for HM 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 copper, gold and other metals; costs of exploration and development; the estimated costs of
development of exploration projects; HM’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 . 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 a re 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 relatin g
to interpretation of well resu lts and the geology, continuity and grade of copper, gold 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 explorat ion 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 comp liance 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.