On Monday 11 10, 2025 at 7:30AM ET Sterling Metals Announces Upsize of Private Placement of Units and Flow-Through Units
On Monday 11 10, 2025 at 7:30AM ET
Sterling Metals Announces Upsize of Private Placement of
Units and Flow-Through Units
NOT FOR DISTRIBUTION T O UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
TORONTO, ON / ACCESS Newswire / November 10, 2025 / Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF)
("Sterling" or the "Company") is pleased to announce that, further to its press release of November 5, 2025, the Company has
increased the size of its non-brokered private placement to up to 5,244,452 units (each, a "Unit") at a price of $1.50 per Unit and
up to and up to 2,666,662 charity flow-through units (each, a "Charity FT Unit") at a price $2.30 per Charity FT Unit for
aggregate gross proceeds of up to $14,000,000.60 (the "Offering").
Each Unit shall be comprised of one common share (each, a "Common Share") in the capital of the Company and one-half of
one Common Share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant shall entitle the holder
thereof to acquire one Common Share at a price of $3.00 per Common Share for a period of two (2) years from the closing of the
Offering. Each Charity FT Unit shall be comprised of one Common Share issued on a flow-through basis (each, a "Charity FT
Share") and one Warrant, having the same terms as the Warrants comprising the Units.
The Company may pay certain eligible persons a cash commission equal to 6% of the gross proceeds of the Offering.
All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance
and the resale rules of applicable securities legislation. The net proceeds from the sale of the Units will be used for general
working capital purposes. The gross proceeds from the sale of the Charity FT Units will be used by the Company to incur eligible
"Canadian exploration expenses" that will qualify as "flow-through critical mineral mining expenditures" as such terms are
defined in the Income Tax Act (Canada). The closing of the Offering is subject to certain conditions including, but not limited to,
the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.
It is anticipated that certain insiders of the Company will participate in the Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the 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.
About Sterling Metals
Sterling Metals is a mineral exploration company focused on large scale and high-grade Canadian exploration opportunities. The
Company is advancing the 25,000-hectare Soo Copper Project in Ontario which has past production, and multiple breccia and
porphyry targets strategically located near robust infrastructure and the 29,000-hectare Adeline Project in Labrador which covers
an entire sediment-hosted copper belt with significant silver credits. Both opportunities have demonstrated potential for important
new copper discoveries, underscoring Sterling's commitment to pioneering exploration in mineral rich Canada.
Sterling Metals acknowledges that its exploration activities within the Soo Copper project are conducted on the traditional lands
of the Batchewana, Garden River, and Michipicoten First Nations of the North Shore of Lake Superior. We recognize and respect
the longstanding and diverse relationships Indigenous Peoples have with the land and are committed to engaging in a manner that
is respectful, transparent, and inclusive.
For more information, please contact:
Sterling Metals Corp.
Mathew Wilson, CEO and Director
Tel: (416) 643-3887
Email: [email protected]
Website: www.sterlingmetals.ca
Neither the TSX Venture Exchange nor its 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.
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward
looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate",
"estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or
conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions
and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ materially from those projected in the forward-looking
information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should
refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-
looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is
cautioned not to place undue reliance on forward-looking information.
SOURCE: Sterling Metals Corp.