Enerev5 Metals Inc. Announces Closing of $315,000 First Tranche Non-Brokered Private Placement
Toronto, Ontario – March 3, 2026 – TheNewswire – Enerev5 Metals Inc. (TSX-V: ENEV) (“Enerev5” or the “Company”) announces that it has closed the first tranche (the “ First Tranche ”) of its non-brokered private placement (the “ Offering ”). The First Tranche is composed of the sale of 31,500,000 units (the “ Units ”) at a price of $0.01 per Unit for aggregate gross proceeds of $315,000. Each Unit consisted of one common share of the Company (the “Shares ”) and one Share purchase warrant (the “ Warrant ”). Each Warrant entitles the holder, to acquire one Share at an exercise price of $0.05 per Warrant for a period of five years following the closing date of the Offering. The proceeds of the Offering will be used for general corporate and working capital purposes and project review and acquisition costs. The Company expects to close the second and final tranche of the Offering on or around March 5, 2026. Completion of the Offering is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued and issuable will be subject to a statutory hold period of four months and one day, in accordance with applicable Canadian securities laws. The Company paid a commission to eligible finders in connection with the First Tranche in the amount of $25,200 and 3,1500,000 non‑transferrable warrants (“ Broker Warrants ”) to purchase Units (“ Broker Units ”) at a price of $0.05 per Broker Warrants. The Broker Units are subject to the same terms as the Units sold under the Offering.
