New Aurora Metals Corp. Raises $520,000 in IPO, Begins Trading on Canadian Securities Exchange

IPO Structure and Financing Details

New Aurora Metals closed its IPO by offering 5,200,000 common shares at $0.10 each, raising gross proceeds of $520,000. The offering was conducted under an agency agreement dated July 9, 2026, with Research Capital Corporation acting as the sole agent.

Research Capital Corporation received a 10% cash commission on gross proceeds amounting to $52,000, 175,000 shares at the offering price, and a corporate finance fee of $37,500 plus applicable GST. The agent was also granted non-transferable warrants to purchase 520,000 shares at $0.10 per share, exercisable until July 23, 2028.

Canadian Securities Exchange Listing and Trading Commencement

The company’s common shares have been approved for listing on the Canadian Securities Exchange and are expected to begin trading on Friday, July 24, 2026, under the ticker "NAME". This listing transitions New Aurora Metals from a private entity to a publicly traded company, offering shareholders and investors access to a liquid market.

The CSE’s regulatory framework supports capital formation for emerging companies, especially in the natural resource sector. New Aurora Metals’ listing follows the completion of subscription and regulatory approvals required for public trading.

Use of IPO Proceeds

According to the company’s prospectus filed on the Canadian Securities Information System, net IPO proceeds will be allocated primarily to exploration work on the Urban Barry Property, option payments for acquiring the property, and general working capital.

This allocation strategy highlights New Aurora Metals’ commitment to advancing mineral exploration in Quebec. The capital raised enables the company to accelerate exploration and maintain its claims on the Urban Barry Property, a strategic asset in a promising mineral exploration region.

Urban Barry Property Location and Details

The Urban Barry Property, New Aurora Metals’ main mineral asset, is located in Belmont Township on Category III land within the Eeyou-Istchee Baie-James territory in Nord du Québec. The property lies 220 kilometres northeast of Val-d'Or, 100 kilometres west of Lebel-sur-Quévillon, and 80 kilometres south of Chapais, comprising 20 map-designated claims in a region known for mineral potential.

Its location within a mineral-rich zone of Quebec has historically attracted junior exploration companies. The acquisition and exploration of this property form the core of New Aurora Metals’ business plan and the primary focus for the IPO capital.

Company Overview and Exploration Focus

New Aurora Metals Corp. specializes in acquiring and exploring mineral properties in Canada, currently concentrating on the Urban Barry Property in Quebec. As a newly public junior exploration company, it offers investors exposure to early-stage mining exploration in Canada.

The company’s business model involves securing exploration claims via option agreements, funding exploration to evaluate mineral potential, and advancing properties toward resource definition. The IPO proceeds provide essential capital to execute this strategy at Urban Barry.

Forward-Looking Statements and Risks

The announcement includes forward-looking statements concerning New Aurora Metals’ planned activities. Terms such as "anticipate," "estimate," "expect," "may," "will," and "believe" indicate future events and conditions. While management considers these expectations reasonable, actual outcomes may differ.

Forward-looking statements inherently involve risks and uncertainties and are made as of the news release date. Actual results could vary materially. The company’s disclosure documents on www.sedarplus.ca provide detailed risk factors affecting operations and financial performance. Prospective investors should review these carefully.

Prospectus and Investor Information

The final prospectus for the IPO and any amendments are available free of charge. Interested parties can request electronic or paper copies by contacting the Corporate Secretary at [email protected] or at 1000 - 1055 West Hastings Street, Vancouver, British Columbia, V6E 2E9, Canada. Requests should include an email or mailing address.

The prospectus details the company’s business plan, use of proceeds, management, capitalization, and risks. It is also accessible via the System for Electronic Document Analysis and Retrieval Plus (SEDAR+) at www.sedarplus.ca under New Aurora Metals’ profile, ensuring transparency for investors.

Regulatory Approval and Exchange Oversight

New Aurora Metals’ listing has been approved and is regulated by the Canadian Securities Exchange, which balances capital formation with investor protection. The CSE’s Regulation Services Provider reviewed the listing application and related documents.

The CSE disclaims responsibility for the accuracy or adequacy of company news releases, maintaining a clear distinction between its regulatory role and issuer disclosures. Responsibility for disclosure accuracy lies with New Aurora Metals.

Trading Symbol and Market Access

Following trading commencement on July 24, 2026, investors can trade New Aurora Metals shares under the symbol "NAME" on the Canadian Securities Exchange. This symbol uniquely identifies the company’s shares across trading platforms and brokerages with CSE access.

The start of trading marks the public market debut for New Aurora Metals’ securities. Prospective investors should ensure brokerage accounts support CSE trades, as not all retail platforms provide direct access. The listing offers capital formation and liquidity opportunities for shareholders and new investors interested in junior mineral exploration.