Lodestar Metals Closes Third and Final Tranche of Financing
Lodestar Metals Closes Third and Final
Tranche of Financing
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2025) -
Lodestar Metals Corp
. (TSXV:
LSTR) (OTC: SVTNF) ("
Lodestar
" or the "
Company
") announces that it has closed the third and final
tranche of its previously announced non-brokered private placement financing (the "
Offering
") (see
news releases dated September 29, 2025, October 15, 2025, October 22, 2025, October 24, 2025 and
November 13, 2025) by issuing 1,678,263 units of the Company (the "
Units
") at a price of $0.075 per
Unit for gross proceeds of $125,869.73 (the "
Third Tranche
"). Under the Offering, the Company issued
a total of 19,999,998 Units for gross proceeds of $1,500,000.
"Closing this final tranche marks an important milestone for Lodestar as we advance toward our next
phase of exploration at Goldrun" stated Lowell Kamin, President and CEO of Lodestar. "With this
financing complete, we are well-capitalized to move forward on high-priority targets and continue
executing our disciplined exploration strategy. We appreciate the ongoing support of our shareholders
as we work to build a high-quality gold resource and create long-term value."
Each Unit is comprised of one (1) common share of the Company (a "
Share
") and one-half of one (1/2)
share purchase warrant (each whole share purchase warrant, a "
Unit Warrant
"), with each Unit Warrant
entitling the holder to purchase one additional Share (a "
Unit Warrant Share
") at a price of $0.12 per
Unit Warrant Share for a period of two years from the date of issue (the "
Expiry Date
"). The Company
has the right to accelerate the Expiry Date if, at any time, the volume weighted average price of the
Shares on the principal exchange or market on which the Shares trade is equal to or greater than $0.15
for 10 consecutive trading days ("
10-Day Period
"). In the event of acceleration, the Expiry Date will be
accelerated to a date that is 30 days after the Company issues the acceleration notice through a news
release, provided that the acceleration notice is issued within 10 business days after the end of the
particular 10-Day Period.
The securities issued under the Third Tranche will be subject to restrictions on resale until March 26,
2026. In connection with the Third Tranche, the Company paid the finders a cash fee totaling $3,776.09
and issued a total of 50,348 share purchase warrants to the finders (the "
Finder's Warrants
"). Each
Finder Warrant is exercisable at $0.12 per Share for a period of two (2) years from the date of issue.
The proceeds of the Offering will be used for exploration and drilling on the Company's Goldrun Project
located in Nevada as well as working capital purposes.
Early Warning
Mr. Andy Chow acquired 2,334,000 Units under the first tranche of the Offering (which was completed on
October 24, 2025), and 1,189,065 Units under the Third Tranche, totalling 3,523,065 Units under the
Offering. Immediately prior to the completion of the Third Tranche, Mr. Chow owned 3,000,600 Shares
and 1,167,000 share purchase warrants.
As at the date hereof, Mr. Chow now owns and controls an
aggregate of 4,189,665 Shares on a non-diluted basis, representing approximately 9.59% of the
Company's issued and outstanding Shares, and 5,951,198 Shares on a diluted basis, representing
approximately 13.10% of the Company's issued and outstanding Shares, on a partially diluted basis. Mr.
Chow acquired the securities for investment purposes. He may acquire additional securities of the
Company either on the open market or through private acquisitions or sell securities of the Company
either on the open market or through private dispositions in the future depending on market conditions,
reformulation of plans and/or other relevant factors. Other than the foregoing, Mr. Chow does not have
plans or any future intentions which relate to or would result in any of the foregoing matters.
Mr. Chow will file any early warning report with the applicable securities regulators in Canada with
respect to the foregoing matters pursuant to NI 62-103, a copy of which will be available under the
Company's profile on SEDAR+ at
www.sedarplus.ca
.
This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be
any sale of any of the securities offered in any jurisdiction where such offer, solicitation or sale would be
unlawful, including the United States of America. The securities being offered as part of the Offering have
not been, and will not be, registered under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or any state securities laws, and accordingly may not be offered or sold in the
United States except in compliance with the registration requirements of the U.S. Securities Act and any
applicable state securities laws, or pursuant to available exemptions therefrom.
Marketing Engagement
The Company is also pleased to announce, subject to TSX Venture Exchange ("
TSXV
") acceptance, it
has entered into a digital marketing agreement (the "
Agreement
") with Straight Edge Marketing Inc.
DBA InvestorHyve ("
InvestorHyve
").
Pursuant to an agreement dated November 25, 2025, entered with InvestorHyve, the engagement is for
an initial period of three months at US$5,000 per month for digital marketing services. These services
will focus on increasing market visibility, strengthening investor awareness, and improving
communication with both existing and prospective shareholders. InvestorHyve will support messaging
development, digital investor outreach, and targeted engagement in the investment community. The term
of the agreement is for a period of three months. InvestorHyve will maintain an arm's length relationship
with the Company and no securities will be issued as compensation. Neither InvestorHyve or its insiders
own any securities in the Company.
For further inquiries, the contact details for InvestorHyve are as follows: Ted Stanford, iHyve Co-founder,
+1.604.721.0747,
, 5940 S. Rainbow Boulevard , Las Vegas, NV.
ABOUT LODESTAR METALS
Lodestar Metals Corp. is a Canadian gold exploration company focused on advancing the drill-ready
Goldrun Project in Nevada, strategically located on a major Carlin-style gold trend and adjacent to some
of the largest gold deposits in North America. With decades of combined geological and capital markets
expertise, Lodestar follows a disciplined, step-by-step approach to discovery. The Company's strategy
is clear: focus capital on high-value targets, move quickly on known mineralization, and build a compliant
gold resource that delivers lasting shareholder value. For more information, please visit
www.lodestarmetals.ca
.
CONTACT
Lodestar Metals Corp.
Lowell Kamin, President, CEO & Chairman of the Board
(416) 272-1241
NEITHER 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/275986