Mr. Gord Neal reports
DOMESTIC METALS INITIATES GEOPHYSICAL PROGRAM AT THE SMART CREEK PROJECT AND ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Domestic Metals Corp. has engaged TMC Geophysics to conduct 27 line kilometres of electrical geophysics (induced polarization; IP) at the Smart Creek project, Montana. The geophysical program is designed to expand historical IP coverage on the property and will be used to refine the location of diamond drilling scheduled for Q1/Q2 2026. IP geophysics is used to obtain chargeability and resistivity values (rock properties) which can provide insights into the distribution of sulphides and hydrothermal alteration related to potential porphyry and carbonate replacement deposits in the subsurface at Smart Creek and will be used by Domestic to derisk drill targets in advance of drilling.
Domestic Metals has expanded its exploration budget significantly to accommodate additional geophysics and diamond drilling at Smart Creek based on results of the 2025 surface sampling program that substantially increased the mineralized footprint of existing targets at Smart Creek and identified several new targets for follow-up exploration (see news release dated Jan. 8, 2026). The 2025 sampling program returned the following high-grade results:
Highlight high-grade assay results
-
102 grams per tonne Au (sample G019007);
- 74.7 g/t Au, 13.8 per cent Cu, 3,810 g/t Ag (sample G019235);
- 30.4 g/t Au (sample G019001);
- 26.6 g/t Au (sample G019353);
- 23.1 per cent Cu, 424 g/t Ag (sample G019225);
- 19.65 per cent Cu, 458 g/t Ag (sample G019031);
- 19.05 per cent Cu, 582 g/t Ag (sample G019038).
Non-brokered private placement
Domestic Metals announces a non-brokered private placement of up to 12.5 million units at a price of 28 cents per unit for gross proceeds of up to $3.5-million. Each unit will consist of one common share of the company and one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional share of the company for a period of two years from the date of issuance at a price of 40 cents per share. Expiry of the warrants may be accelerated if the closing price of the company's shares on the TSX Venture Exchange is equal to or greater than 65 cents for a minimum of 20 consecutive trading days and a notice of acceleration is provided in accordance with the terms of the warrants.
Gord Neal, chief executive officer of Domestic Metals, commented: "We expanded our exploration budget significantly to accommodate additional geophysics and up to 9,000 m of diamond drilling at Smart Creek. This follows the discovery of high-grade mineralization, including up to 102 g/t gold, 23 per cent copper and 3,810 g/t silver we announced last month. These field campaign results generated significant unsolicited capital market interest making this private placement announcement timely. The geophysics program to be launched this week will refine drill targets for the larger diamond drill program scheduled to start in Q1 2026."
Insiders may participate and finders' fees may be payable to qualified arm's-length parties that have introduced the company to certain subscribers participating in the offering. All securities issued in the offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the offering is subject to the approval of the TSX-V.
The net proceeds from the offering are intended for exploration of the company's Smart Creek project, in Montana, United States, and for general working capital.
Opportunity to meet with Domestic's management
The company appreciates meeting with its supporters and shareholders in person to provide a detailed update and as such are looking forward to seeing you at the company's booth No. 3139 at the Investors Exchange at the PDAC, March 1 to March 4, 2026, in Toronto.
Technical information
All scientific and technical information in this news release has been reviewed and approved by Daniel MacNeil, PGeo. Mr. MacNeil is a technical adviser to the company and is a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.
About Domestic Metals Corp.
Domestic Metals is a mineral exploration company focused on the discovery of large-scale, copper and gold deposits in exceptional, historical mining project areas in the Americas.
The company aims to discover new economic mineral deposits in historical mining districts that have seen exploration in geologically attractive mining jurisdictions, where economically favourable grades have been indicated by historic drilling and outcrop sampling.
The Smart Creek project is strategically located in the mining-friendly state of Montana, containing widespread copper mineralization at surface and hosts four attractive porphyry copper, epithermal gold, replacement and exotic copper exploration targets with excellent host rocks for mineral deposition.
Domestic Metals is led by an experienced management team and an accomplished technical team, with successful records in mine discovery, mining development and financing.
We seek Safe Harbor.
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