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Domestic Metals Closes Third & Final Tranche of LIFE Offering

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Domestic Metals Closes Third & Final Tranche of LIFE Offering

 

 

 

 

 

Domestic Metals Corp. (TSX-V: DMCU) (OTCQB: DMCUF) (FSE: 03E) reports that, pursuant to their news releases dated September 15, September 30, October 9, October 15 and October 29, 2025, the Company has closed a third and final tranche of the LIFE Offering issuing an additional 2,372,137 units of the Company at a price of $0.28 per Unit for gross proceeds of $664,198. The total aggregate issuance under the LIFE Offering is 14,150,708 units for aggregate gross proceeds of $3,962,198.   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 $0.40 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 $0.65 for a minimum of twenty consecutive trading days and a notice of acceleration is provided in accordance with the terms of the Warrants.

 

As part of the Offering, 1,912,747 Units were issued to a director of the Company, which constituted a “related party transaction” as such term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is relying on the exemptions from the formal valuation and minority approval requirements under MI 61- 101, pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Company’s market capitalization.

 

Finder’s fees in the final tranche were paid to Leede Financial Inc. as to $3,335.14 cash and 13,896 non-transferable broker warrants.

 

The net proceeds from the Offering are intended for general working capital and exploration and development costs.

 

This press release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been nor will be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

About Domestic Metals Corp.

 

Domestic Metals Corp. 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 4 attractive porphyry copper, epithermal gold, replacement and exotic copper exploration targets with excellent host rocks for mineral deposition.

 

Domestic Metals Corp. is led by an experienced management team and an accomplished technical team, with successful track records in mine discovery, mining development and financing.

 

Posted November 13, 2025

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