**NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISTRIBUTION TO US NEWS SERVICES**
VANCOUVER, British Columbia, Oct. 9, 2025 (GLOBE NEWSWIRE) — Domestic Metals Corp. (the “Company” or “Domestic Market”) – (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) announces that Mr. Gordon K. Neal has been appointed as a member of its board of directors, effective October 3, 2025.
Mr. Neal is a distinguished metals and mining industry professional with extensive experience in capital markets, corporate governance, finance and investor relations. In his final term as CEO and director of Tincorp Metals Inc. Mr. Neal has demonstrated strategic leadership and industry acumen. His career has included a number of prestigious positions, including President of New Pacific Metals Corp. and Vice President of Corporate Development at Mag Silver Corp. and Silvercorp Metals Inc. His management and strategic insights have also played an important role on the boards of directors of companies such as Falco Resources Ltd., Balmoral Resources Ltd., Americas Petrogas, Inc., Rock Gate Capital, LLC, Wealth Minerals Ltd. and World Copper Ltd. Mr. Neal's career is a testament to his tireless enthusiasm, diversified skills and unwavering commitment to excellence in all endeavors he undertakes. His contributions not only shaped his companies, but also had a lasting impact on the industries he was a part of.
Prior to his work in the steel industry, Mr. Neal founded Neal McInerney Investor Relations in 1991, demonstrating his entrepreneurial acumen. Under his leadership, the firm achieved significant growth, successfully completing over $4 billion in debt and equity financings, becoming Canada's second largest full-service investor relations firm with a presence in Vancouver, Toronto and Los Angeles.
In addition to his corporate accomplishments, Mr. Neal has made significant contributions to public service, particularly as a senior communications advisor in the Office of the Prime Minister of Canada, emphasizing his expertise in high-level communications strategies and policy advice.
J. Patricio Varas, CEO, Executive Chairman and Director, stated: “Domestic is very pleased to welcome Mr. Neal to the Board of Directors, expanding his role as President of the Company. Mr. Neal's depth of experience will be critical to the Board of Directors and invaluable in helping the company achieve its strategic goals. We look forward to continuing to work with Mr. Neal and know that he will being on the board of directors will strengthen the company's ability to move forward. his exceptional asset.”
Domestic also announces that, pursuant to press releases dated September 15 and 30, 2025, the Company has closed the first tranche of the LIFE Offering (the “Offering”) by issuing a total of 4,695,715 shares of the Company's shares (the “Units”) at a price of $0.28 per unit for gross proceeds of $1,314,800. Each Unit consists of one common share of the Company (a “Share”) and one common share purchase warrant (a “warrant”). Each warrant entitles the holder to purchase one additional share of the Company for a period of three years from the date of issue at a price of $0.40 per share. The warrants may be accelerated if the closing price of the Company's common shares on the TSX Venture Exchange (the “TSXV”) is equal to or greater than $0.65 for at least twenty consecutive trading days and notice of acceleration is provided in accordance with the terms of the warrants.
The Finders received 6% cash and 7% non-transferable brokerage warrants exercisable against shares of the Company's common stock at a price of $0.40 per share for three years and subject to the same acceleration provisions as the warrants. The finds were Harbourfront Wealth Management ($45,360 cash and 189,000 warrants) and CapSolutions ($30,000 cash and 125,000 warrants).
Subsequent or final tranches of the Offering will close no later than October 17, 2025.
All securities issued under the Offering will have a hold period of four months plus one day during which the securities may not be traded. The Offer is subject to final acceptance by the TSXV.
The net proceeds from the Offering are intended to cover general working capital and exploration and development costs.
This press release does not constitute an offer to sell any of the foregoing securities in the United States. None of the foregoing securities have been or will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or for the account or benefit of United States persons (as defined in Regulation S of the 1933 Act) or persons in the United States without registration or applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Domestic Metals Corp.
Domestic Metals Corp. is a mineral exploration company focused on discovering large-scale copper and gold deposits in America's exceptional historic mining districts.
The Company seeks to discover new economic mineral deposits in historic mining districts that have been explored in geologically attractive mining jurisdictions where economic grades have been identified through historical drilling and outcrop sampling.
The Smart Creek Project is strategically located in mining-friendly Montana, hosts widespread surface copper mineralization and includes 4 attractive porphyry copper deposits, epithermal gold, replacement and exotic copper exploration with excellent host rocks for mineral deposition.
Domestic Metals Corporation is led by an experienced management team and an experienced technical team with a proven track record of success in mine discovery, mine development and financing.
On behalf of Domestic Metals Corp.
Patrick VarasChairman and CEO
(604) 831-9306
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For more information about domestic metals, contact:
Patricio Varas at 604-831-9306 or Michael Pound at 604-363-2885.
Please visit the company website at www.domesticmetals.com or contact us at [email protected].
For all questions regarding interaction with investors, please contact:
John Liviakis, Liviakis Financial Communications Inc., Phone: 415-389-4670.
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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain statements that may be deemed “forward-looking statements.” Forward-looking statements are statements that are not historical facts and are usually, but not always, identified by the words “expects”, “plans”, “expects”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “could”, “could” or “should” occur. Forward-looking statements may include, but are not limited to, statements relating to the Offering and planned exploration activities at properties. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and are subject to risks and uncertainties, and actual results or realities may differ materially from those contained in the forward-looking statements. Such significant risks and uncertainties include, but are not limited to: competition within the industry; actual results of current exploration activities; environmental risks; changes in project parameters as plans are further refined; future price of goods; failure of equipment or processes to operate properly; accidents and other risks of the mining industry; delays in obtaining permits or financing; risks associated with indebtedness and the servicing of such indebtedness; and the factors, risks and uncertainties identified and communicated in the Company's public filings on the Company's SEDAR+ profile at: www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as expected, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by law.
