Purecore Metals Secures $1.5 Million in Non-Brokered Private Placement on CSE

Successful Closing of $1.5 Million Financing

On July 6, 2026, Purecore Metals Inc. announced the successful closing of its non-brokered private placement, issuing 1,500,000 units at $1.00 each and raising gross proceeds of $1.5 million. This financing milestone supports the company’s efforts to expand its critical minerals exploration portfolio.

By conducting the placement without a broker, Purecore minimized financing costs and maintained control over investor selection. The closing enables the company to allocate capital toward its strategic priorities.

Unit Composition and Warrant Details

Each unit consists of one common share and one transferable warrant. The warrants are exercisable at $2.00 per share for three years from the closing date, July 6, 2026, allowing investors until July 6, 2029, to exercise.

This structure offers investors immediate equity participation plus potential upside through warrant exercise. The announcement confirms the closing date as the reference for warrant timing.

Warrant Acceleration and Early Expiry Terms

The warrants include an acceleration clause enabling Purecore to force early expiry if the common share price closes at or above $2.50 for ten consecutive trading days, at least four months and one day after closing. Upon such a trigger, the company will issue a news release, giving warrant holders 30 days to exercise remaining warrants before forfeiture.

This mechanism encourages warrant holders to monitor share price performance and aligns incentives by potentially reducing long-term dilution. The acceleration deadline is 5:00 p.m. Vancouver time on the 30th day after announcement.

Finder's Fees and Warrants

Purecore paid $19,950 in cash finder's fees to eligible parties who facilitated investor introductions. Additionally, 19,950 non-transferable finder's warrants were issued on the same terms as investor warrants, exercisable at $2.00 for three years.

The non-transferable finder's warrants cannot be sold or transferred, ensuring they remain with the original recipients. This represents an additional potential dilution factor for shareholders.

Allocation of Raised Capital

The net proceeds, after deducting finder's fees, will be used for mineral property identification and evaluation, working capital, and general corporate purposes including marketing. The company has not specified exact allocations or timelines, leaving deployment decisions to management discretion.

Investors should monitor future financial disclosures and management updates for detailed capital usage information.

Four-Month Hold Period Compliance

All issued securities—common shares, investor warrants, and finder's warrants—are subject to a mandatory four-month hold period under Canadian securities laws and CSE regulations. This restricts transfer or sale until approximately November 6, 2026, based on the July 6, 2026 closing date.

Compliance with the hold period is required to maintain market stability post-financing. Investors should confirm exact expiry dates through official company communications.

U.S. Securities Restrictions and Dual Listing

The securities have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the U.S. without registration or an exemption. This reflects the Canadian-focused, non-brokered nature of the offering.

Purecore trades on the Canadian Securities Exchange under ticker PURE and on the Frankfurt Stock Exchange as FSE: J8Y, providing European investors an alternative trading venue. The private placement was structured exclusively as a Canadian offering.

Grant of Stock Options to Consultants and Advisors

Alongside the financing announcement, Purecore granted 820,000 stock options to consultants and advisors under its 2026 Omnibus Equity Incentive Compensation Plan. These options have a $1.50 exercise price, vest immediately, and expire three years from grant, around July 6, 2029.

The immediate vesting indicates compensation for current services rather than retention incentives. This grant represents a significant potential dilution if exercised.

Purecore's Focus on Critical Minerals Exploration

Purecore Metals Inc. specializes in exploring and advancing critical minerals essential for energy, technology, and defense sectors. Its strategy targets high-impact opportunities aligned with global trends in renewable energy, electric vehicles, and advanced defense applications.

The $1.5 million financing supports disciplined property evaluation and acquisition efforts. Investors should watch for upcoming announcements regarding property additions or partnerships that demonstrate progress within this strategic framework.