J2 Metals Inc. Provides Private Placement Update
J2 Metals Inc. Provides Private Placement
Update
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - J2 Metals Inc. (TSXV: JTWO) (FSE:
OO1) ("
J2
" or the "
Company
") announces that it has extended the closing of its previously announced
non-brokered flow-through private placement financing of up to $1,500,000 (the "
FT
Subscription
Receipt Offering
"), originally announced on January 29, 2026.
As previously announced, the Company closed the first tranche of the FT Subscription Receipt Offering
on February 23, 2026, issuing an aggregate of 1,365,714 flow-through subscription receipts (the "
FT
Subscription Receipts
") at a price $0.35 per FT Subscription Receipt for aggregate gross proceeds
of $478,000. Each FT Subscription Receipt issued pursuant to the FT Subscription Receipt Offering will
entitle the holder thereof to receive, upon satisfaction of the escrow release conditions that include
completion of the Company's previously announced plan of arrangement between the Company and
Twenty Mile Metals Inc., and without payment of any additional consideration or further action on the part
of the holder, one common share in the capital of the Company. No warrants will be issued in connection
with the Flow-Through Subscription Receipt Offering. The common shares underlying the FT
Subscription Receipts will be issued on a flow-through basis pursuant to the Income Tax Act (Canada).
Thomas Lamb, CEO, commented: "
We anticipate the escrow conditions will be met within the next few
weeks and the subscription receipts converted to shares
."
The gross proceeds from the sale of the FT Subscription Receipts will be held in escrow pending
satisfaction of the escrow release conditions. If the escrow release conditions are not satisfied, the
escrowed funds will be returned to the holders of the FT Subscription Receipts, together with any
accrued interest thereon, and such securities shall be cancelled without any further action by the holders
thereof.
The Company now expects the closing of the remaining tranche(s) of the FT Subscription Receipts to
occur on or before April 15, 2026, subject to receipt of all necessary regulatory approvals, including
acceptance of the TSX Venture Exchange.
About J2 Metals Inc.
J2 Metals Inc. (TSXV: JTWO) (FSE: OO1) is advancing gold and silver exploration projects with
historical production or significant drill results in established mining jurisdictions in Mexico, Québec, and
Alaska. The Company's Sierra Plata silver-gold-antimony project in Zacualpan, Mexico hosts multiple
past-producing silver-gold mines, confirming its high-grade mineral endowment. At the Miniac Project in
Québec's Abitibi Greenstone Belt, historical and Phase I drilling have confirmed strong discovery
potential, with reported grades of up to 4.8 g/t gold and 6.9% zinc over 0.3m (DDH DV-80). Recent high-
resolution geophysical surveys have identified 19 high-priority targets along a largely untested 7-
kilometre conductive horizon, which will be evaluated in a planned Phase II drill program. The Napoleon
Project in the Fortymile district of Alaska is located within a prolific placer gold camp that has produced
up to one million ounces of gold, with known hard-rock mineralization limited to the Napoleon area.
Rock-chip samples grading up to 596 g/t gold, together with historical drilling by Teck and Kennecott
reporting intercepts such as 8.9 g/t gold over 3m and 0.9 g/t gold over 79m, indicate a robust
mineralizing system with district-scale discovery potential.
Qualified Person
The technical information contained in this release has been reviewed and approved by Graham Giles,
P.Geo., J2's VP Exploration, who is a Qualified Person as defined under National Instrument 43-101 -
Standards of Disclosure for Mineral Projects.
For further information, please contact:
Thomas Lamb
CEO and Director
J2 Metals Inc.
E-Mail:
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of applicable Canadian
securities legislation. Forward-looking statements include, but are not limited to, statements regarding
the Company's exploration plans, potential drill targets, anticipated exploration results, and the timing
and success of future exploration programs. Forward-looking statements are based on the opinions
and estimates of management as of the date such statements are made and are subject to a number
of risks and uncertainties that could cause actual results to differ materially from those anticipated.
These risks and uncertainties include, but are not limited to, geological risk, exploration risk,
fluctuations in commodity prices, operational risks, regulatory approvals, and general market and
economic conditions. Readers are cautioned not to place undue reliance on forward-looking
statements. The Company undertakes no obligation to update or revise forward-looking statements,
except as required by applicable securities laws.
This release shall not constitute an offer to sell or the solicitation of an offer to buy the common
shares, nor shall there be any sale of the common shares in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or qualification under the securities laws
of any such jurisdiction. The Units being offered will not be, and have not been, 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, a U.S. person.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES
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