06:10:19 EST Wed 04 Feb 2026
Enter Symbol
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Green Bridge Metals Corp
Symbol GRBM
Shares Issued 196,758,632
Close 2026-02-03 C$ 0.29
Market Cap C$ 57,060,003
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Green Bridge Metals closes $4-million private placement

2026-02-04 01:29 ET - News Release

Mr. David Suda reports

GREEN BRIDGE ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$4 MILLION

Further to its news release dated Jan. 14, 2026, Green Bridge Metals Corp. has closed its fully subscribed, non-brokered private placement of 33,333,333 units of the company at a price of 12 cents per unit for aggregate gross proceeds of $4-million.

Each unit comprises one common share and one common share purchase warrant. Each warrant is exercisable to acquire one common share until Feb. 3, 2029, at an exercise price of 15 cents.

The net proceeds from the offering are expected to be used to support the company's existing operations as well as for general working capital purposes. The securities issued under the offering will be subject to a statutory hold period of four months and one day from the closing date. In connection with the offering, the company paid certain finders aggregate cash fees of $102,700.01 and granted an aggregate of 100,000 finder shares and 855,833 finder warrants. Each finder warrant entitles the holder to purchase one common share at the exercise price until the expiry date. The company also issued 333,333 common share, equal to 1.0 per cent of the total units issued in the offering, to an arm's-length third party as an administrative fee for its assistance with the private placement.

The company is pleased to announce that famed mining investor Russell Starr acquired six million units under the offering and has joined the company as a strategic adviser. Mr. Starr is a former Bay Street executive and associate hedge fund manager. Mr. Starr is also a seed investor in Echelon Wealth Partners (now Ventum Financial Corp.), a large Canadian investment dealer. Mr. Starr held executive and board positions at Cayden Resources Inc. and Auryn Resources Inc. amongst other public issuers. As a senior executive, board member and corporate finance specialist with Cayden Resources, Mr. Starr was involved in marketing and financing development efforts, including the sale of Cayden Resources for $205-million to Agnico Eagle Mines Ltd. in 2014. As chief executive officer of Trillium Gold Mines Inc. (now Renegade Gold Inc.), Mr. Starr was involved in the consolidation of the Confederation greenstone belt in the Red Lake mining camp and the establishment of an exploration portfolio in both precious metals and critical elements. Mr. Starr's most recent role was with DeFi Technologies Inc. as head of capital markets, where he was part of the team that helped the company list on the Nasdaq Capital Market. Mr. Starr holds a bachelor's degree in economics from Queen's University, a master's degree in econometrics from the University of Victoria and an MBA from the Ivey Business School at Western University.

About Green Bridge Metals Corp.

Green Bridge is a Canadian-based exploration company focused on the acquisition and development of critical-mineral-rich assets in North America. Two projects of merit are the focus of the company's activity, which include the Serpentine property and the South Contact district. The South Contact project includes the Titac property and the Skibo property, which exist along the basal contact of the Duluth complex, north of Duluth, Minn. The projects together contain bulk-tonnage copper-nickel and titanium-vanadium mineral resources hosted in mafic, ultramafic and oxide ultramafic intrusions. Serpentine is a magmatic-sulphide-style deposit with inferred and indicated mineral resource estimates for copper and nickel. A portion of the Titac property, known as Titac South, contains an inferred mineral resource estimate for titanium dioxide mineralization, details of which are available in a National Instrument 43-101-compliant technical report entitled "Technical Report and Mineral Resource Estimate for the South Contact Zone Project, St. Louis County, Minnesota, USA," with an effective date of Sept. 18, 2024, and is available on the company's SEDAR+ profile.

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