14:22:42 EST Sat 22 Nov 2025
Enter Symbol
or Name
USA
CA



Clarity Metals Corp
Symbol CMET
Shares Issued 68,579,810
Close 2025-11-20 C$ 0.065
Market Cap C$ 4,457,688
Recent Sedar Documents

Clarity Metals closes first tranche of financing

2025-11-21 17:01 ET - News Release

Subject: Clarity Metals Corp. Word Document

File: '\\swfile\EmailIn\20251121 135126 Attachment CLARITY News Release announcing closing of first tranche of private placement - November 2025.docx'

(CSE: CMET, OTC: CLGCF, FSE: 27G0)

Clarity Metals Corp. Announces Closing of First Tranche of Non-Brokered Private Placement

Vancouver, BC - November 21, 2025, Clarity Metals Corp. ("Clarity" or the "Company") (CSE: CMET, OTC: CLGCF, FSE: 27G0) announces that it has completed a first tranche (the "First Tranche") of its non-brokered private placement (the "Offering") as previously announced on October 23, 2025, pursuant to which it has issued:

1,234,000 non-flow through units in the capital of the Company (each, a "Unit") at a price of $0.075 per Unit for gross proceeds of $92,550 from the sale of the Units; and

11,190,667 flow through units in the capital of the Company (each, a "FT Unit") at a price of $0.09 per FT Unit for gross proceeds of $1,007,160.03 from the sale of the FT Units.

Each Unit will consist of one common share (each, a "Share") of the Company and one-half of one transferable share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase an additional Share (each, a "Warrant Share") of the Company at an exercise price of $0.12 per Warrant Share for a period of three years from the date of closing of the Offering.

Each FT Unit will consist of one critical flow-through common share of the Company and one-half of one Warrant. Each Warrant entitles the holder to purchase an additional Warrant Share at an exercise price of $0.12 per Warrant Share for a period of three years from the date of closing of the Offering.

The Company intends to use the proceeds of the Offering for the exploration of the Company's Fecteau Gold Project, located in the Province of Quebec, for marketing and for general working capital purposes. Insiders may participate in the Offering.

The gross proceeds from the issuance of the FT Units will be used to incur resource exploration expenses which will constitute "Canadian exploration expenses" as defined in subsection 66.1(6) of the Tax Act and "flow through critical mineral mining expenditures" as defined in subsection 127(9) of the Tax Act, which will be renounced with an effective date no later than December 31, 2025 to the purchasers of the FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Units.

In connection with the closing of the First Tranche, the Company paid an aggregate cash finders' fees of $84,772.80 and issued 951,252 finder warrants (each, a "Finder's Warrant") to certain eligible finders. Each Finder's Warrant entitles the holder thereof to acquire one Share (each, a "Finder's Warrant Share") at a price of $0.12 per Finder's Warrant Share for a period of three years from the date of closing of the Offering.

All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may 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 jurisdiction in which such offer, solicitation or sale would be unlawful.

About Clarity

Clarity Metals Corp. is a Canadian mineral exploration project generator company focused on the acquisition, exploration and development of precious and base metals projects. Clarity's exploration mandate is global and focused on countries with established legal and regulatory systems supporting mining investment. The Company is based in Vancouver, British Columbia, and is listed on the CSE under the symbol "CMET". To learn more about Clarity Metals Corp. and its projects please visit www.claritymetals.com.

ON BEHALF OF THE BOARD

"James Rogers"

Chief Executive Officer

Tel: 1 (833) 387-7436

Email: info@claritymetals.com

Website: www.claritymetals.com

Forward-Looking Statements:

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the use of proceeds of the First Tranche and closing of additional tranches of the Offering. Although the Company believes that and the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that: the inability of the Company to close further tranches of the Offering; the proceeds of the Offering may not be used as stated in this news release; and those additional risks set out in the Company's public documents filed on SEDAR+ at www.sedarplus.ca. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

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