Winnipeg, Manitoba--(Newsfile Corp. - September 21, 2026) - Beyond Minerals Inc. (CSE:BY) (OTCQB: BYDMF) (the "Company" or "Beyond Minerals") is pleased to announced that it has completed a non-brokered private placement of an unsecured convertible debenture (the "Debenture") in the aggregate principal amount of $50,000, for gross proceeds in the same amount, bearing interest at a rate of 10% per annum and maturing one year from the date of issuance (the "Offering"). The Company further announces that it has elected to rely on Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order") and move to semi-annual financial reporting ("SAR").
Convertible Debenture Offering
At the option of the holder, the principal amount of the Debenture and the accrued interest thereon may be converted into common shares in the capital of the Company at a conversion price of $0.05 per share, subject to the policies of the Canadian Securities Exchange and certain adjustments as provided for in the certificate representing the Debenture.
The Company intends to use the net proceeds of the Offering for general working capital purposes.
The Debenture and any underlying shares to be issued upon the conversion thereof are subject to a hold period of four months and one day from the closing date, expiring January 21, 2027.
The offered securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
Semi-Annual Reporting
The SAR framework is implemented under the Blanket Order, which allows eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting. By adopting the SAR, the Company aims to reduce the administrative and financial burden associated with quarterly reporting.
The Company will not file interim financial statements and related Management's Discussion and Analysis ("MD&A") for the nine-month period ending September 30, 2026 and will not file any interim financial statements and MD&A for any subsequent quarters ending March 31st or September 30th going forward for as long as it remains eligible for SAR.
The Company will continue to file audited annual financial statements and related MD&A (due within 120 days of December 31st) and six-month interim financial statements and MD&A (due within 60 days of June 30th).
The Company confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record. The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations.
This news release is being filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.
About Beyond Minerals Inc.
Beyond Minerals Inc. is a critical minerals exploration company with the Ear Falls spodumene-bearing pegmatite exploration project in Ontario and two exploration projects in British Columbia exploring for rare earths and base metals. Beyond Lithium is advancing the projects with its exploration team. The Company will continue to seek to stake, to acquire, or to option other properties to expand the Company's portfolio. Also, Beyond will seek for potential joint ventures partner on projects as it is a source of non-dilutive working capital through partner-funded exploration and long-term residual exposure to exploration success.
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For more information, please refer to the Company's website at www.beyondminerals.ca
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures and the anticipated business plans and timing of future activities of the Company, are forward-looking information. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In stating the forward-looking information in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration of the Company's properties, the availability of financing on suitable terms, and the Company's ability to comply with environmental, health and safety laws.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the statements of forward-looking information. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, the proposed expenditures for exploration work on its properties, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, risks relating to epidemics or pandemics, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated February 23, 2022 and other filings of the Company with the Canadian securities regulatory authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update any of the forward-looking information in this news release except as otherwise required by law.
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