Lux Metals Closes $3,750,000 First Tranche Private Placement
Lux Metals Corp. | TSXV: LXM | 604-678-5308 | [email protected]
Suite 1615 – 200 Burrard Street, Vancouver, BC, V6C 3L6 1
January 27, 2026
Lux Metals Closes $3,750,000 First Tranche Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
Vancouver, British Columbia, January 27, 2026 – Lux Metals Corp. (TSXV: LXM) (the “Company” or
“Lux”) is pleased to announce that it has closed the first tranche of its previously announced non-brokered
private placement of units (each, a “Unit”), through the issuance of 18,750,000 Units at a price of $0. 20 per
Unit, for total gross proceeds of $3,750,000 (the “Placement”). Each Unit consists of one (1) common share
and one (1) transferrable share purchase warrant, each warrant exercisable into one additional common share
at a price of $0.40 per share until January 26, 2028.
The gross proceeds from the issuance of the Units are anticipated to be used for exploration costs and general
working capital.
In connection with the Placement, t he Company paid finder ’s fees of $119,840 and issue d a total of 599,200
common share purchase warrants (the “Finder’s Warrants”) to finders. Each Finder’s Warrant is exercisable
into one (1) common share of the Company at a price of $0.40 per share until January 26, 2028. All securities
issued under the Placement are subject to applicable regulatory holds expiring May 27, 2026.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the
United States. The securities 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 may not be offered or sold
within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
On Behalf of the Board of Lux Metals Corp.
Carl Ginn
President and Chief Executive Officer
For more information, please contact 604-678-5308 or [email protected]
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their 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.
Cautionary Note regarding Forward-Looking Statements
Statements contained in this press release that are not historical facts are “forward -looking information” or “forward-
looking statements” (collectively, “Forward -Looking Information”) within the meaning of applicable Canadian
securities legislation and th e United States Private Securities Litigation Reform Act of 1995. Forward -Looking
Information includes but is not limited to : the intended use of proceeds from the Placement . The words “anticipate,”
“significant,” “expect,” “may,” “will” and similar expressions are intended to be among the statements that identify
Forward-Looking Information. Forward-Looking Information is subject to known and unknown risks, uncertainties and
other factors that may cause actual results to differ materially from those implied by the Forward -Looking Information.
In preparing the Forward -Looking Information in this news release, the Company has applied several material
assumptions, including, but not limited to, assumptions that general business and economic conditions will not change in
a materially adverse manner; that all requisite approvals will be received, and all requisite information will be available
in a timely manner. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate
assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated
Lux Metals Corp. 2
operational or technical difficulties, risks related to unforeseen delays; general economic, market or business conditions,
regulatory changes; timeliness of regulatory approvals, the risks of obtaining necessary licenses and permits, changes in
general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers
are cautioned not to place undue reliance on this Forward -Looking Information. The Company does not assume the
obligation to revise or update this Forward-Looking Information after the date of this release or to revise such information
to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.