VANCOUVER, British Columbia, October 15, 2025 (GLOBE NEWSWIRE) — COLLECTIVE METALS INC. (CSE: COMT | OTC: KLLMF | FSE: TO1) (“Company” or “Team“) announces that it is offering to conduct a non-brokered private placement of up to 17,647,058 shares (each, “Unit“The Company at a purchase price of US$0.085 per unit for total gross proceeds of up to US$1,500,000 (“Accommodation“).
Each unit will consist of one common share of the Company (each, “Share” and one transferable warrant to purchase common shares (each “Order“). Each warrant is exercisable into one additional share of common stock for a period of 2 years from the closing date at an exercise price of $0.10. The warrants contain an accelerated expiration clause (“Acceleration clause“) Subject to the Acceleration Provision, if the Company's Shares close at or above $0.20 for ten (10) consecutive trading days on the Canadian Securities Exchange (“CSE“), the Company may accelerate the expiration date of the Warrants by issuing a press release announcing the accelerated expiration date of the Warrants, pursuant to which the Warrants will expire 30 calendar days after the date of such news release.
The Company will use the proceeds from the Offering for exploration activities in the Company's territory and for general working capital purposes.
The units will be offered to qualified investors, subject to prospectus exceptions and registration requirements under applicable securities laws. The Company may pay awards to finders in connection with the Offering, subject to compliance with applicable securities laws and the policies of the CSE. All securities issued in the Offering will be subject to a hold period of four months and one day.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or There is no exemption from such registration.
About collective metals
Collective Metals Inc. (CSE: COMT | OTC: KLLMF | FSE: TO1) is a resource exploration company specializing in the exploration of critical and precious metals in North America.
The Rocas project comprises 4,002 hectares located 75 km southwest of the Key Lake Mine and Mill site along Highway 914 and approximately 72 km south of the present-day edge of the Athabasca Basin. The project hosts several uranium exhibitions, including historical samples of mineralized outcrops over approximately 900 meters along strike with grades up to 0.5 wt.% U3ABOUT81. It is noteworthy that none of the historical uranium deposits have been drilled.
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ON BEHALF OF COLLECTIVE METALS INC.
Christopher Huggins
Director of the company
T: 604-968-4844
E: [email protected]
Forward-Looking Information
This press release includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities laws. When used in this press release, the words “anticipate,” “believe,” “estimate,” “anticipate,” “target,” “plan,” “forecast,” “may,” “will,” “could,” “plan” and similar words or expressions identify forward-looking statements or information.
Forward-looking statements and forward-looking information regarding any future mineral production, liquidity, appreciation and profile of the Collective in the capital markets, the future growth potential of the Collective and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyzes and opinions, which are based on management's experience and perception of trends, current conditions and expected events and other factors that management believes are appropriate and reasonable in the circumstances but which may prove to be incorrect. Assumptions have been made regarding, among other things, the prices of lithium and other metals; exploration and development costs; estimated cost of developing geological exploration projects; The team's ability to operate safely and efficiently, and its ability to obtain financing on reasonable terms.
This press release contains “forward-looking information” within the meaning of Canadian securities laws. Statements other than statements of historical fact may constitute forward-looking information and include, without limitation, statements with respect to the Placing; goals, objectives or plans for the future of the Company; the commencement of future drilling or exploration programs; completion of the Placement. With respect to the forward-looking information contained in this press release, the Company has made numerous assumptions regarding, among other things, that the geological, metallurgical, engineering, financial and economic advice that the Company has received is reliable and based on practices and methodologies that meet industry standards. Although the Company believes these assumptions are reasonable, they are inherently subject to significant uncertainties and contingencies. In addition, there are known and unknown risk factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, but are not limited to: fluctuations in commodity prices and currency exchange rates; uncertainties associated with the interpretation of well results and the geology, continuity and grades of lithium and other metal deposits; uncertainty in capital and operating cost estimates, recovery rates, production estimates and expected economic returns; the need for government cooperation in exploration and development of properties and issuance of necessary permits; the need to obtain additional financing for property development and uncertainty regarding the availability and terms of future financing; the possibility of delays in exploration or development programs or construction projects and uncertainty in achieving expected program milestones; uncertainty regarding the timely receipt of permits and other governmental approvals; increased costs and restrictions on work due to compliance with environmental and other requirements; rising costs affecting the steel industry and increased competition in the steel industry for real estate, skilled personnel and management. All forward-looking information contained herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any forward-looking information contained herein to reflect future results, events or developments, except as required by law.
The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.
