Lux Metals Upsizes Private Placement to $3,500,000
Lux Metals Corp. | TSXV: LXM | 604-678-5308 | [email protected]
Suite 1615 – 200 Burrard Street, Vancouver, BC, V6C 3L6 1
December 23, 2025
Lux Metals Upsizes Private Placement to $3,500,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
Vancouver, British Columbia, December 23, 2025 – Lux Metals Corp. (TSXV: LXM) (the “Company” or
“Lux”) announces that further to its news release dated December 10, 2025, due to strong investor demand, it
has increased the size of its previously announced private placement from up to 12,500,000 units of the
Company (“Units”) to up to 17,500,000 Units at a price of $0.20 per Unit for total gross proceeds of up to
$3,500,000 (the “Placement”).
Each Unit will consist of one common share (a “ Share”) and one transferrable share purchase warrant, each
warrant (a “Warrant”) exercisable into one additional Share for a period of two years from date of issue at a
price of $0.40 per share. If after all regulatory holds on the Warrants expire and the Shares trade on the TSX
Venture Exchange (“TSXV”) at a price of $0. 60 or more for ten consecutive trading days at any time (the
“Acceleration Event”), then the Warrants will expire, subject to the Company’s discretion, on the earlier of
the expiry date and 4:30 p.m. (V ancouver time) on the date which is 30 calendar days after the Company
provides notice by way of news release to the holders of the Warrants that the Acceleration Event has occurred.
The gross proceeds from the issuance of the Units will be used for exploration costs and general working
capital.
The Company may pay finders’ fees comprised of cash and /or non-transferable warrants in connection with
the Placement, pursuant to the policies of the TSXV and applicable securities laws. The Company anticipates
closing of the Placement (in one or more tranches) as soon as practicable subject to receipt of all necessary
regulatory approvals, including the approval of the TSXV. All securities issued under the Placement will be
subject to applicable regulatory holds expiring four months and one day from date of issue.
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
Lux Metals Corp. 2
securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward -Looking
Information includes but is not limited to: the anticipated timing for completing the Placement; the potential payment of
finders’ fees in connection with the Placement; 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 relea se, 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 fluctuation s, unanticipated
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.