Metalsource Mining Announces Private Placement to raise up to $4,000,000 with lead order from Eric Sprott for $1,000,000
Metalsource Mining Inc.
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NEWS RELEASE
Metalsource Mining Announces Private Placement to raise up to $4,000,000
with lead order from Eric Sprott for $1,000,000
VANCOUVER, BRITISH COLUMBIA – September 15, 2025 – METALSOURCE MINING INC.
(the “Company” or “Metalsource”) (CSE: “MSM”) is pleased to announce a non-brokered private
placement of up to 20,000,000 units in the capital of the Company (each, a “Unit”) at a price of
$0.20 per Unit for aggregate gross proceeds of up to $4,000,000 (the “Offering”).
Eric Sprott will be the lead order on the Offering, subscribing for 5,000,000 Units, totaling
$1,000,000.
Each Unit purchased will include one common share and one -half of one transferable common
share purchase warrant. Each whole Warrant (a “Warrant”) will entitle the holder to purchase one
additional common share for a period of three (3) years at a price of CAD $0.30 per common
share.
The Company intends to use the proceeds of the Offering to advance exploration at the Silver Hill
and Byrd-Pilot projects in North Carolina, with a primary focus on expanding Silver Hill’s silver
potential, to continue work on the Company’s Aruba manganese project in Botswana, and for
general working capital. The Company may pay finder’s fees in accordance with the policies of
the Canadian Securities Exchange. All securities issuable shall be subject to a hold period of four
months and one day from issuance.
“With the signing of the definitive agreement, Metalsource is now well positioned to move forward
aggressively. Our immediate focus is Silver Hill — a historic silver mine where previous operators
outlined mineralized lenses but never systematically drilled for silver. We now have the
opportunity to modernize that work, verify and expand known silver zones, and begin building an
updated mineral resource estimate in North Carolina. The financing will allow us to take Silver Hill
from a historic curiosity to a modern silver growth story. At the same time, Byrd-Pilot provides us
with large-scale gold-copper porphyry potential, giving shareholders exposure to both high-grade
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silver expansion and district-scale discovery. This financing represents the next step in unlocking
the full value of our U.S. portfolio for shareholders,” said Joseph Cullen, CEO.
About Metalsource Mining Inc.
The Company is engaged in acquisition, exploration and development of mineral property assets.
The Company’s objective is to locate and develop economic precious and base metal properties
of merit and to conduct its exploration program on the Aruba Propert y. The Aruba Property is
located in the Kalahari Desert region of Botswana, covering 4,663 square kilometers in an area
prospective for platinum group metals, gold, silver, and manganese mineralization.
For more information, please refer to SEDAR+ (www.sedarplus.ca), under the Company’s profile.
ON BEHALF OF THE BOARD OF DIRECTORS
_________________________
Joseph Cullen, Chief Executive Officer and Director
For more information please contact:
Mr. Joseph Cullen
Phone: 778-919-8615
Email: [email protected]
Website: https://www.metalsourcemining.com
Cautionary Note About Forward-Looking Statements
This news release may include forward- looking statements that are subject to risks and uncertainties. By
its nature, this information is subject to inherent risks and uncertainties that may be general or specific and
which give rise to the possibility that expectations, forecasts, predictions, projections, or conclusions will
not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and
priorities will not be achieved. These risks and uncertainties include but are not limited those identified and
reported in the Company’s public filings under the Company’s SEDAR profile at www.sedarplus.ca.
Although the Company has attempted to identify important factors that could cause actual actions, events,
or results to differ materially from those described in forward-looking information, there may be other factors
that cause actions, events or results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate as actual results and future events could differ
materially from those anticipated in such statements. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a result of new information, future events or
otherwise unless required by law.
Neither the CSE nor the Market Regulator (as that term is defined in the policies of the
CSE) accepts responsibility for the adequacy or accuracy of this release.