BeMetals Raises $1.1 Million Through the Sale of Marketable Securities and Announces Flow-Through Financing
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TSXV – BMET
October 9, 2025 OTCQB – BMTLF
FRANKFURT – 1OI.F
BeMetals Raises $1.1 Million Through the Sale of Marketable Securities and
Announces Flow-Through Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, B.C. – BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt: 1OI.F) (“BeMetals” or the “Company”)
is pleased to announce it has raised proceeds of approximately C$1,133,000 through the sale s of marketable
securities held by the Company. The sales were conducted through the facilities of the TSX Venture Exchange. The
proceeds from the sale s strengthens BeMetals’ cash position and brings its current cash balance to a total of
approximately C$1,520,000.
BeMetals also announces it intends to complete a non-brokered private placement (the “Private Placement”) of up
to 10,700,000 common shares of the Company that qualify as “flow-through shares”, as defined in the Income Tax
Act (Canada) (the “Tax Act”), (each, a “FT Share”) at a price of $0.07 per FT Share for aggregate gross proceeds of
up to C$749,000.
The Company intends to use the gross proceeds of the Private Placement to incur Qualifying Expenditures (as defined
below) on the Company's Savant Gold Project (the “Savant Project”), located in Ontario, Canada.
BeMetals’ initial exploration work program at the Savant Project is commencing in early October and is to include
ground sampling and mapping activities. This work will focus on collecting geological data to assist in refining and
prioritizing prospective areas of interest, with the objective of generating targets for future drilling.
The gross proceeds from the FT Shares will be used to incur eligible “Canadian exploration expenses” related to the
Company's mineral project in Ontario that qualify as “flow-through mining expenditures” as both terms are defined
in the Tax Act (the “Qualifying Expenditures”). Such Qualifying Expenditures will be incurred on or before December
31, 2026, and renounced to the benefit of subscribers with an effective date no later than December 31, 2025.
The closing of the Private Placement is subject to certain closing conditions, including the approval of the TSX Venture
Exchange (“TSXV”). The securities to be issued pursuant to the Private Placement will be subject to a four -month
hold period under applicable Canadian securities laws. The Company may pay finder's fees to certain arm's length
finders engaged in connection with the Private Placement, subject to the approval of the TSXV.
The securities to be offered pursuant to the Private Placement have not been, and will not be, registered under the
U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be
offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration
or any applicable exemption from the registration requirements of the U.S. Securitie s Act and applicable U.S. state
securities laws. This news release shall n ot constitute an offer to sell or the solicitation of an offer to buy securities
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in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful.
About BeMetals Corp.
BeMetals is a precious and base metals exploration and development company focused on advancing its portfolio of
high-potential mineral projects. BeMetals is an affiliate company of B2Gold Corp. which currently owns
approximately 24% of BeMetals outstanding shares. The Company plans to explore the Savant Gold Project in
northwestern Ontario, one of Canada’s most prolific gold-producing regions which hosts several past producers as
well as current operations, including the Red Lake and Musselwhite mines. The Company also has the Pangeni Copper
Project in the Zambian Copperbelt, with co-funding and technical partner JOGMEC. Here the Company has discovered
copper mineralization with geological characteristics and intersected widths and grades similar to that of large-scale
copper mines in the same region . Additionally, the Company has its compelling Kazan gold exploration projects in
Japan, while continuing to evaluate additional potential strategic acquisition opportunities.
ON BEHALF OF BEMETALS CORP.
“Kristen Reinertson”
Kristen Reinertson
Interim CEO & Director
For further information, please contact:
Derek Iwanaka
Vice President, Investor Relations & Corporate Development
Telephone: +1-604-928-2797
Email: [email protected]
Website: www.bemetalscorp.com
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 news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" and “forward looking information” (as defined under applicable securities laws), based
on management’s best estimates, assumptions and current expectations. Such statements include but are not limited to, stateme nts with
respect to the Private Placement (including the size and completion of the Private Placement as announced or at all, the use of proceeds of the
Private Placement, the timing to renounce all Qualifying Expenditures in favour of the subscribers, and the receipt of TSXV approval of the
Private Placement), and statements with respect to future exploration, development and advancement of the Savant Gold Project in Canada,
the Kazan Gold Projects in Japan and the Pangeni Copper Project in Zambia, and the acquisition of additional base and/or precious metal
projects. Generally, these forward- looking statements can be identified by the use of forward- looking terminology such as "expects",
"expected", "budgeted", "forecasts", "anticipates", "plans", "anticipates", "believes", "intends", "estimates", "projects", " aims", "potential",
"goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur.
These statements should not be read as guarantees of future performance or results. Such statements involve known and unknow n risks,
uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or
implied by such statements, including but not limited to: the actual results of exploration activities, the availability of financing and/or cash
flow to fund the current and future plans and expenditures, the ability of the Company to satisfy the conditions of the option agreement for the
Pangeni Project, and changes in the world commodity markets or equity markets. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurat e, as
actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward
looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any
obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward
looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should
not place undue reliance on forward-looking statements and information. Please refer to the Company’s most recent filings under its profile at
www.sedarplus.ca for further information respecting the risks affecting the Company and its business.