Canadian Metals Announces Private Placement of up to $2.3 Million
LEGAL_47684728.1
Canadian Metals Inc.
NEWS RELEASE
Canadian Metals Announces Private Placement of up to $2.3 Million
Montreal, Quebec, September 29, 2025 – Canadian Metals Inc. (CSE: CME) (“CME” or
the “Company”) is pleased to announce a non-brokered private placement of units and
“flow-through” units for gross proceeds of up to $2.3 million (the “ Offering”). This
financing is intended to advance the Company’s exploration programs on its five
properties in the Bathurst Mining Camp, New Brunswick.
The Offering will consist of up to $2,300,000 in aggregate gross proceeds, comprising up
to 8,181,818 units (the “Units”) at a price of $0.11 per Unit and 11,666,666 “flow-through”
units (the “FT Units”) at a price of $0.12 per FT Unit. Each Unit will be comprised of one
common share in the capital of the Company (each, a “Common Share”) and one-half of
one common share purchase warrant (each whole warrant, a “ Warrant”). Each whole
Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.18
for a period of 18 months from the closing of each tranche of the Offering . Each FT Unit
will be comprised of one Common Share issued as a “flow -through” share and one -half
of one common share purchase warrant (each whole warrant, a “FT Unit Warrant”). Each
whole FT Unit Warrant will entitle the holder thereof to purchase one Common Share at
a price of $0.20 for a period of 18 months from the closing of each tranche of the Offering.
The Offering is being conducted on a non -brokered basis and all shares and warrants
issued will be subject to a statutory hold period of four months and one day from the
closing of each tranche of the Offering. The Company may pay finder’s fees on a portion
of the Offering, subject to compliance with the policies of the Canadian Securities
Exchange (the “ CSE”) and applicable securities legislation. Closing of the Offering is
subject to certain customary conditions, including, but not limited to, the receipt of all
necessary regulatory approvals and the acceptance of the CSE.
The Company intends to use the gross proceeds from the sale of the FT Units to incur
exploration expenses that are eligible “Canadian exploration expenses” that qualify as
“flow-through critical mineral mining expenditures” as such terms are defined in the
Income Tax Act (Canada).
LEGAL_47684728.1
This news release does not constitute an offer to sell or a solicitation of an offer to buy ,
nor shall there be any sale of any of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful, including in the United States of America. The
securities have not been, and will not be, registered under the U.S. Securities Act of
1933, as amended (the “ U.S. Securities Act ”) or any applicable state securities laws ,
and may not be offered or sold within the United States or to, or for the account or benefit
of, U.S. persons (as defined in Regulation S of the U.S. Securities Act) unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from
such registration is available.
About Canadian Metals Inc.
Canadian Metals is a diversified resource company focused on creating shareholder
value through the development of large -scale mineral deposits in specific commodities
and safe jurisdictions. The company currently has over 250 km2 of highly prospective
land in New Brunswick, Canada, the projects are within and bordering the prolific Bathurst
Mining Camp (BMC) and are 100% owned. The properties cover a range of geological
target types typical within Appalachian Orogenic environment. Those targets include
silver-lead-zinc VMS, structurally controlled gold, porphyry copper -gold-molybdenum,
antimony-gold-arsenic associated with int rusions and skarn lead -zinc-copper-silver
mineralization.
For more information, please contact:
Julien Davy
Chief Executive Officer
Tel: +1 (514) 904-1096
Email: [email protected]
Website: https://canadian-metals.com
Forward Looking Statements
This news release may contain “forward-looking statements” under applicable Canadian
securities legislation. Forward -looking statements consist of statements that are not
purely historical, including any statements regarding beliefs, plans, expectations or
intentions regarding the future. Forward-looking statements in this news release include
statements with respect to non-objection by the CSE with respect to the Offering and the
proposed use of proceeds. Forward-looking statements are subject to various known and
unknown risks and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the statements, including risks
related to factors beyond the control of the Company, including, but not limite d to, the
Offering may not be completed as expected or at all and those additional risks set out in
the Company’s public documents filed on SEDAR+ at www.sedarplus.com. There can be
no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward -looking statements. The Company
LEGAL_47684728.1
disclaims any intention or obligation to update or revise any forward -looking statements,
whether as a result of new information, future events or otherwise, except as required by
law.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the
policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.