TT) ( OTCQB: TTTMF) ( FSE: O4N) is pleased to announce that, further to its news release dated
TSX-V: TT announces Closing of Tranche 1 Flow-Through Financing for
$5.2MM
December 8, 2025, Toronto, ON - Total Metals Corp. (“ Total Metals” or the “ Company”) (TSX-V:
TT) ( OTCQB: TTTMF) ( FSE: O4N) is pleased to announce that, further to its news release dated
November 25, 2025, it has closed the first tranche of its non-brokered private placement financing
(the “ Offering”) consisting of Critical Minerals Flow-Through Units (each, a “ CMFT Unit ”) and
National Flow-Through Units (each, a “ FT Unit” and, collectively with the CMFT Units, the “ Units”),
for aggregate gross proceeds of C$5,216,454.
The Company issued 3,056,481 CMFT Units at a price of $1.15 per CMFT Unit. Each CMFT Unit is
comprised of one common share of the Company (each, a “ Common Share”) issued as a flow-
through share designated as a “ critical mineral flow-through share ” within the meaning of the
Income Tax Act ( Canada), and one-half of one common share purchase warrant (each, a “ CMFT
Warrant”). Each whole CMFT Warrant entitles the holder to acquire one Common Share at a price
of $1.15 for a period of 36 months from the date of issuance.
Additionally, the Company issued 1,620,477 Flow-Through Units at a price of $1.05 per FT Unit. Each
FT Unit is comprised of one flow-through Common Share issued as a flow-through share designated
as a “flow-through share” within the meaning of the Income Tax Act ( Canada), and one-half of one
warrant (each, a “FT Warrant”). Each whole FT Warrant entitles the holder to acquire one Common
Share at $1.15 for 36 months from the date of issuance.
The gross proceeds from the issuance of the Units will be used to incur eligible “flow-through critical
mineral mining expenditures,” and “flow-through mining expenditures,” respectively, which will be
renounced to subscribers with an effective date no later than December 31, 2026, all in accordance
with the Income Tax Act (Canada) and applicable provincial legislation.
In connection with the Offering, the Company paid a cash finder’s fees totaling C$312,987.24 and
issued 280,618 non-transferable finder warrants (each, a “ Finder Warrant ”) to certain eligible
arm’s-length finders who introduced subscribers to the Offering. Each Finder Warrant entitles the
holder to purchase one Common Share (a “Finder Share”) at a price of C$1.10 per Finder Share for
a period of 36 months from the date of issuance.
The Company plans to use the net proceeds from the Offering for the advancement of the Company’s
wholly owned Electrolode Project, High Lake and West Hawk Lake Projects. The Offering is subject to
final approval of the TSX Venture Exchange. All securities issued are subject to a statutory hold period of
four months and one day, expiring April 6, 2026.
About Total Metals Corp.
Total Metals Corp. is focused on its 100% owned Electrolode project covering 3,000 contiguous
hectares. The Electrolode project is targeting high-potential mineral resources in three favorable
geologic trends, located near major mines in the Red Lake Gold camp and is strategically located
between Kinross Gold’s Great Bear Project and First Mining Gold’s Springpole Project. The
Electrolode project is fully permitted for exploration drilling and hosts 10 historic mineralized zones
with significant expansion potential plus new, untested targets ready for further exploration. Total
Metals also owns 100% of the High Lake and West Hawk Lake projects located along the Trans-
Canada Highway straddling the Manitoba / Ontario border. The Purex Zone on the High Lake project
has significant exploration potential and will be the primary target for initial exploration and potential
future mining activities. The West Hawk Lake project is comprised of 23 mining claims totalling 336
hectares, located within Southeastern Manitoba.
www.totalmetalscorp.com
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in its
policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
Tyler Thorburn
President and Chief Executive Officer
(416) 873-7662
Forward-Looking Information
This press release includes “forward-looking information” that is subject to assumptions, risks and
uncertainties, many of which are beyond the control of the Company. Statements in this news
release which are not purely historical are forward looking. Although the Company believes that any
forward-looking statements in this news release are reasonable, there can be no assurance that any
such forward-looking statements will prove to be accurate. The Company cautions readers that all
forward-looking statements, are based on assumptions none of which can be assured and are
subject to certain risks and uncertainties that could cause actual events or results to differ materially
from those indicated in the forward-looking statements. Such forward-looking statements represent
management’s best judgment based on information currently available. Readers are advised to rely
on their own evaluation of such risks and uncertainties and should not place undue reliance on
forward-looking statements.
The forward-looking statements and information contained in this news release are made as of the
date hereof and no undertaking is given to update publicly or revise any forward-looking statements
or information, whether as a result of new information, future events or otherwise, unless so required
by applicable securities laws or the TSX-V. The forward-looking statements or information contained
in this news release are expressly qualified by this cautionary statement.