Metallic Minerals Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$10 Million
TSX.V: MMG | OTCQB: MMNGF | FSE: 9MM1
Metallic Minerals Announces Upsize of Bought Deal LIFE Private Placement
for Gross Proceeds of C$10 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / June 3, 2026 / Metallic Minerals Corp. (TSXV:MMG) (OTCQB:MMNGF) (FSE:9MM1) (“Metallic”
or the “Company”) is pleased to announce that as a result of strong investor demand, the Company has increased
the gross proceeds of its previously announced “bought deal” private placement (the “UnderwriOen Offering”)
from C$8,000,230 to C$10,000,620. The Company has entered into an amended agreement with Red Cloud
SecuriHes Inc. (“Red Cloud”), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters
(collecHvely, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase for resale, with
the right to arrange for subsHtute purchasers to purchase, the following:
• 17,858,000 units of the Company (each, a “Unit”) at a price of C$0.28 per Unit (the “Unit Price”) for gross
proceeds of C$5,000,240 from the sale of Units; and
• 12,988,000 flow-through units of the Company (each, a “Charity FT Unit”, a n d co l l e c H ve l y w i t h t h e U n i t s , t h e
“Offered SecuriTes”) at a price of C$0.385 per Charity FT Unit (the “Charity FT Unit Price”) for gross proceeds
of C$5,000,380 from the sale of Charity FT Units.
Each Unit will consist of (i) one common share of the Company (a “Unit Share”) and (ii) one-half of one common
share purchase warrant of the Company (each whole warrant, a “Unit Warrant”). Each Charity FT Unit will consist
of (i) one common share of the Company (each, a “Charity FT Unit Share”) and (ii) one-half of one common share
purchase warrant of the Company (each whole warrant, a “Charity FT Unit Warrant”). Each Charity FT Unit Share
and each half of one Charity FT Unit Warrant comprising a Charity FT Unit will qualify as a “flow-through share”
within the meaning of subsecHon 66(15) of the Income Tax Act (Canada) (the “Income Tax Act”). Each whole Unit
Warrant and Charity FT Unit Warrant shall enHtle the holder to purchase one common share of the Company on a
non-flow-through basis (each, a “Warrant Share”) at a price of C$0.40 at any Hme during the period beginning on
the date that is 61 days following the Closing Date (as defined herein) and ending on the date which is 36 months
following the Closing Date.
The Company will grant to the Underwriters an opHon, exercisable in full or in part, up to 48 hours prior to the
Closing Date, to purchase for resale up to that number of addiHonal Offered SecuriHes in any combinaHon of Units
and Charity FT Units at their respecHve offering prices for addiHonal gross proceeds of up to C$2,000,000 (the
"Underwriters’ OpTon", and together with the Underwri^en Offering, the “Offering”).
The Company intends to use the net proceeds from the sale of Units for the exploraHon and advancement of the
Company’s La Plata Project in southwestern Colorado, as well as for general corporate purposes and working
capital.
The gross proceeds from the sale of Charity FT Units will be used by the Company to incur eligible “Canadian
exploraHon expenses” that qualify as “flow-through mining expenditures” as such terms are defined in the Income
Tax Act (the “Qualifying Expenditures”) related to the Company’s Keno Silver Project in the Yukon Territory on or
before December 31, 2027. All Qualifying Expenditures will be renounced in favour of the subscribers of the Charity
FT Units effecHve December 31, 2026.
Subject to compliance with applicable regulatory requirements and in accordance with NaHonal Instrument 45-
106 – Prospectus Exemp3ons (“NI 45-106”), the Offered SecuriHes will be offered for sale to purchasers in the
provinces of Alberta, BriHsh Columbia, Manitoba, Ontario, Saskatchewan and, only with the Company's prior
wri^en consent, Québec pursuant to the listed issuer financing exempHon under Part 5A of NI 45-106, as amended
by Coordinated Blanket Order 45-935 – Exemp3ons from Certain Condi3ons of the Listed Issuer Financing
Exemp3on. The securiHes issuable from the sale of Offered SecuriHes are expected to be immediately freely
tradeable under applicable Canadian securiHes legislaHon if sold to purchasers resident in Canada. The Units will
also be offered in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement
pursuant to the exempHons from the registraHon requirements provided for under the United States SecuriHes Act
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of 1933, as amended (the “U.S. SecuriTes Act”), and in jurisdicHons outside of Canada and the United States on a
private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no
prospectus, registraHon statement or other similar document is required to be filed in such jurisdicHon.
There is an amended and restated offering document (the “Amended Offering Document”) related to the Offering
that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at
www.metallic-minerals.com. ProspecHve investors should read this Amended Offering Document before making
an investment decision.
The Offering is scheduled to close on June 22, 2026 or such other date as the Company and Red Cloud may agree
(the “Closing Date”). CompleHon of the Offering is subject to certain condiHons including, but not limited to the
receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
The securiHes being offered pursuant to the Offering have not been, nor will they be, registered under the U.S.
SecuriHes Act or any U.S. state securiHes laws, and may not be offered or sold in the United States or to, or for the
account or benefit of, U.S. persons absent registraHon or an applicable exempHon from the registraHon
requirements. This news release shall not consHtute an offer to sell or the solicitaHon of an offer to buy nor shall
there be any sale of the securiHes in any jurisdicHon in which such offer, solicitaHon or sale would be unlawful.
About Metallic Minerals
Metallic Minerals Corp. is a resource-stage exploraHon and development company advancing copper, silver, gold,
plaHnum group elements, and other criHcal minerals at the La Plata project in southwestern Colorado, and high-
grade silver, gold, lead and zinc exploraHon at the Keno Silver project in the Yukon Territory, adjacent to Hecla
Mining's Keno Hill silver operaHons. The Company is also one of the largest holders of alluvial gold claims in the
Yukon and is building a producHon royalty business through partnerships with experienced mining operators.
Metallic is led by a team with a strong track record of discovery and exploraHon success across mulHple precious
and base metal deposits in North America and is backed by strategic investment by Newmont CorporaHon and Eric
Spro^. The Company integrates advanced data analyHcs into its exploraHon process to support target generaHon,
accelerate discovery, and unlock value across its porrolio.
Metallic's project districts have a history of significant mineral producHon and benefit from exisHng infrastructure,
including road access and nearby power . The Company's team has been recognized for environmental stewardship
pracHces and is commi^ed to responsible and sustainable resource development, engaging and collaboraHng with
Canadian First NaHons, U.S. Tribal and NaHve CorporaHons, and local communiHes to support long-term project
advancement.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Website: metallic-minerals.com Phone: 604-629-7800
Email: [email protected] Toll Free: 1-888-570-4420
Forward-Looking Statements
This news release includes certain statements that may be deemed "forward-looking statements". Forward-looking
statements included in this press release includes, but is not limited to, statements with respect to the expectaHon
that the Offering will close in the Hmeframe and on the terms as anHcipated by management, statements regarding
the Offering, the anHcipated closing date of the Offering, the intended use of proceeds of the Offering, the approval
of the Offering by the TSX Venture Exchange. All statements in this release, other than statements of historical
facts including, without limitaHon, statements regarding potenHal mineralizaHon, historic producHon, esHmaHon
of mineral resources, the realizaHon of mineral resource esHmates, interpre taHon of prior exploraHon and
potenHal exploraHon results, the Hming and success of exploraHon acHviHes generally, the Hming and results of
future resource esHmates, permitng Hmelines, metal prices and currency exchange rates, availability of capital,
government regulaHon of exploraHon operaHons, environmental risks, reclamaHon, Htle, statements about
expected results of operaHons, royalHes, cash flows, financial posiHon and future dividends as well as financial
posiHon, prospects, and future plans and objecHves of the Company are forward-looking statements that involve
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various risks and uncertainHes. Although Metallic Minerals believes the expectaHons expressed in such forward-
looking statements are based on reasonable assumpHons, such statements are not guarantees of future
performance and actual results or developme nts may differ materially from those in the forward -looking
statements. Forward-looking statements are based on a number of material factors and assumpHons. The
Company notes that Newmont CorporaHon ("Newmont") is a shareholder; however, Newmont's parHcipaHon in
prior financings should not be construed as a commitment to future funding, operaHonal involvement, or
endorsement of the Company's plans. Factors that could cause actual results to differ materially from those in
forward-looking statements include failure to obtain necessary approvals, unsuccessful exploraHon results,
unsuccessful operaHons, changes in project parameters as plans conHnue to be refined, results of future resource
esHmates, future metal prices, availability of capital and financing on acceptable terms, general economic, market
or business condiHons, risks associated with regulatory changes, defects in Htle, availability of personnel, materials
and equipment on a Hmely basis, accidents or equipment breakdowns, uninsured risk s, delays in receiving
government approvals, unanHcipated environmental impacts on operaHons and costs to remedy same and other
exploraHon or other risks detailed herein and from Hme to Hme in the filings made by the Company with securiHes
regulators. Readers are cauHoned that mineral resources that are not mineral reserves do not have demonstrated
economic viability. Mineral exploraHon, development of mines and mining operaHons is an inherently risky
business. Accordingly, the actual events may di ffer materially from those projected in the forward -looking
statements. For more informaHon on Metallic Minerals and the risks and challenges of their businesses, investors
should review their annual filings that are available at sedarplus.ca.
Neither the TSX Venture Exchange nor its Regula3on 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.