Metallis Announces Upsize of Non- Brokered Private Placement
METALLIS ANNOUNCES UPSIZE OF NON-
BROKERED PRIVATE PLACEMENT
VANCOUVER, BC
,
Feb. 25, 2026
/CNW/ - Metallis Resources Inc. (TSX-V: MTS; OTCQB: MTLFF)
("Metallis" or the "Company") is pleased to announce that due to strong investor demand, the
Company has increased the size of its previously announced non-brokered private placement. The
upsized offering (the "Financing") will be for a total of $1.25 million consisting of up to 4.6875 million
non-flow-through units at a price of $0.16 per unit for proceeds of up to $750,000, and up to 2.5
million flow-through shares at a price of $0.20 per share for proceeds of up to $500,000.
Each non-flow-through unit will consist of one common share and one non-flow-through, non-
transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional
common share at a price of $0.26 per share for a 3-year period.
The flow-through shares will qualify as "flow-through shares" for the purpose of the Income Tax Act
(Canada) (the "Act"). The proceeds of the flow-through private placement will be incurred on
"Canadian exploration expenses" (within the meaning of the Act). The Company will renounce these
expenses to the purchasers with the effective date no later than December 31, 2026, and as
required under the Act.
Shares and warrants issued on closing will be subject to a trading hold period expiring four months
plus one day from the date of issuance. Closing of the private placement is subject to receipt of all
necessary regulatory approvals and final acceptance by the TSXV.
About Metallis
Metallis Resources Inc. is a Vancouver-based company focused on the exploration for gold, copper
and silver at its 100%-owned Kirkham Property in Canada, situated in northwest British Columbia's
Golden Triangle, and at the Greyhound Property, a gold/silver/antimony property in Idaho, USA.
Metallis trades under the symbols MTS on the TSX Venture Exchange, MTLFF on the OTCQB
Exchange, and 0CVM on the Frankfurt Stock Exchange, and has 85,730,003 common shares issued
and outstanding.
On behalf of the Board of Directors:
/s/
"Fiore Aliperti"
Chief Executive Officer, President, and Director
Web:
www.metallisresources.com
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This Press Release may contain statements which constitute 'forward-looking' statements, including
statements regarding the plans, intentions, beliefs and current expectations of the Company, its
directors, or its officers with respect to the future business activities and operating performance of
the Company. The words
"may," "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar
expressions, as they relate to the Company, or its management, are intended to identify such
forward-looking statements. Investors are cautioned that any such forward-looking statements are
not guarantees of future business activities or performance and involve risks and uncertainties, and
that the Company's future business activities may differ materially from those in the forward-looking
statements because of numerous factors. Such risks, uncertainties and factors are described in the
periodic filings with the Canadian securities' regulatory authorities, including quarterly and annual
Management's Discussion and Analysis, which may be viewed on SEDAR at
www.sedarplus.ca
.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary materially from those
described herein as intended, planned, anticipated, believed, estimated, or expected.
Although the Company has attempted to identify important risks, uncertainties and factors which
could cause actual results to differ materially, there may be others that cause results not to be as
intended, planned, anticipated, believed, estimated, or expected. The Company does not intend, and
does not assume any obligation, to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. The TSX-V Stock Exchange has neither approved nor disapproved of the contents of this
news release.
SOURCE Metallis Resources Inc.
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For further information:
For further information contact Mr. Aliperti at: Tel: 604-688-5077 Email:
CO: Metallis Resources Inc.
CNW 08:00e 25-FEB-26