Imetal Resources Updates Finders’ Fee Amount
iMETAL RESOURCES UPDATES FINDERS’ FEE AMOUNT
VANCOUVER, British Columbia – October 6 th, 2025 – iMetal Resources Inc. (TSX.V: IMR)
(OTCQB: IMRFF) (FRANKFURT: A7VA) (“iMetal” or the “Company”). On August 29, 2025 the
Company closed its non-brokered private placement (the “Offering”) and issued 10,720,999 units
(each, a “Unit”) at a price of $0.105 per Unit for gross proceeds of $1,125,705.
Each Unit consists of one common share in the capital of the Company (each, a “Share”) and one
transferable share purchase warrant of the Company (each, a “Warrant”). Each Warrant entitles
the holder thereof to purchase one additional Share of the Company at a price of $0.20 until
August 29, 2027, provided that in the event the volume-weighted average closing price of the
Shares on the TSX Venture Exchange exceeds $0.50 for at least ten consecutive trading days
the Company will have the right to accelerate the expiry of the Warrants.
In connection with completion of the Offering, the Company paid finders’ fees of $53,606 and
issued 550,436 non-transferable share purchase warrants (each, a “Finders’ Warrant”) to certain
arms-length third-parties who assisted in introducing subscribers. The amount of the finders’ fees
paid and the Finders’ Warrants issued was incorrectly reported in the news release issued by the
Company on September 4, 2025. Each Finders’ Warrant is exercisable on the same terms as the
Warrants. All securities issued in the Offering are subject to a statutory hold period until December
30, 2025, in accordance with applicable Canadian securities laws.
About iMetal Resources Inc.
iMetal is a Canadian-based junior exploration company focused on the exploration and
development of its portfolio of resource properties in Ontario and Quebec. The flagship property
Gowganda West, is an exploration-stage gold project with a recent discovery hole of 48.5m at
0.85 g/t gold that borders the Juby Deposit and is located within the Shining Tree Camp area in
the southern part of the Abitibi Greenstone Gold Belt about 100 km south-southeast of the
Timmins Gold Camp. The 220-hectare Ghost Mountain property, 42 kilometres NE of Kirkland
Lake, lies 5 kilometres W of Agnico Eagle’s Holt and Holloway Mine. Carheil is an exploration
stage project with multi-metal potential and previous graphite results. The project is about 170
km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt.
ON BEHALF OF THE BOARD OF DIRECTORS,
Saf Dhillon
President & CEO
iMetal Resources Inc.
Tel. (604-484-3031)
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.
https://imetalresources.ca
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.
This release may contain forward-looking statements or forward-looking information under
applicable Canadian securities legislation that may not be based on historical fact, including,
without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”,
“continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking
statements involve known and unknown risks, uncertainties, and other factors which may cause
the actual results, performance, or achievements of iMetal to be materially different from any
future results, performance, or achievements expressed or implied by the forward-looking
statements. These forward-looking statements are based on management’s current expectations
and beliefs and assume, among other things, the ability of the Company to successfully pursue
its current development plans, that future sources of funding will be available to the company, that
relevant commodity prices will remain at levels that are economically viable for the Company and
that the Company will receive relevant permits in a timely manner in order to enable its operations,
but given the uncertainties, assumptions and risks, readers are cautioned not to place undue
reliance on such forward-looking statements or information. The Company disclaims any
obligation to update, or to publicly announce, any such statements, events or developments
except as required by law.