Mr. Patricio Varas reports
DOMESTIC METALS CLOSES SECOND TRANCHE OF LIFE OFFERING AND EXTENDS FINAL CLOSING
Domestic Metals Corp., pursuant to their news releases dated Sept. 15, 2025, Sept. 30, 2025, Oct. 9, 2025, and Oct. 15, 2025, has closed a second tranche of the LIFE (listed issuer financing exemption) offering, issuing an aggregate 7,082,856 units of the company at a price of 28 cents per unit for gross proceeds of $1,983,199.68. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share of the company for a period of three years from the date of issuance at a price of 40 cents per share. The expiry of the warrants may be accelerated if the closing price of the company's common 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.
No finders' fees are payable pursuant to the second tranche closing.
The company has requested an extension to closing a final tranche of the LIFE offering to on or before Nov. 14, 2025. All terms remain the same and the company confirms there is no undisclosed material information.
The net proceeds from the offering are intended for general working capital and exploration and development costs.
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 favorable 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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