Core Critical Metals Corp. Announces Non-Brokered LIFE Offering and Concurrent Private Placement

Rhea-AI Summary

Core Critical Metals (OTC:CCMCF / TSXV:CCMC) announced a non-brokered Offering of up to 3,000,000 Units at $0.50 each for gross proceeds of up to $1,500,000, plus a Concurrent Private Placement also for up to $1,500,000 at $0.50 per Unit.

Each Unit includes one common share and one Warrant exercisable at $0.75 for 24 months (exercisable 60 days after closing). Concurrent Private Placement securities are subject to a four-month-and-one-day statutory hold. Proceeds will fund general corporate purposes and exploration. Offerings are subject to regulatory approvals and not registered in the United States.

Positive

• Up to $3,000,000 aggregate gross proceeds available
• Warrants at $0.75 exercisable for 24 months
• Proceeds designated for exploration and corporate purposes

Negative

• Potential dilution from up to 6,000,000 issued shares/warrants
• Concurrent Private Placement securities carry a 4 months, 1 day hold
• Securities not registered in the U.S., limiting U.S. investor access

VANCOUVER, BC / ACCESS Newswire / March 17, 2026 / Core Critical Metals Corp. ("CCMC" or the "Company") (TSXV:CCMC)(OTC PINK:CCMCF)(WKN:A41G8G), a North American mineral acquisition and exploration company, is pleased to announce a non-brokered private placement of up to 3,000,000 units of the Company (each, a "Unit") at a price of $0.50 per Unit for gross proceeds of up to $1,500,000 (the "Offering"). Each Unit will consist of one common share in the capital of the Company (a "Unit Share" and each common share in the capital of the Company, a "Common Share") and one Common Share purchase warrant (a "Warrant") to be issued pursuant to Part 5A (the "Listed Issuer Financing Exemption") of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"). Each Warrant will entitle the holder thereof to acquire one Common Share (a "Warrant Share") at a price per Warrant Share of $0.75 for a period of 24 months from the date of issuance. The Warrants will be exercisable 60 days following the closing date of the Offering.

Concurrent with the Offering, the Company also intends to complete a private placement offering (the "Concurrent Private Placement") of units (the "Private Placement Units") at a price of $0.50 per Private Placement Unit for gross proceeds of up to $1,500,000. The Private Placement Units will consist of one Common Share (a "Private Placement Unit Share") and one Common Share purchase warrant (each a "Private Placement Warrant"), with each Private Placement Warrant entitling the holder thereof to acquire one Common Share (a "Private Placement Warrant Share") at a price per Private Placement Warrant Share of $0.75 for a period of 24 months from the date of issuance.

All securities issued under the Concurrent Private Placement, including any shares issuable upon exercise of the Private Placement Warrants, will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the "TSXV").

The Company intends to use the net proceeds raised from the Offering and Concurrent Private Placement for general corporate and administrative purposes and exploration at its properties.

Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106 and the policies of the TSXV, the Units issuable under the Offering will be offered for sale to purchasers resident in Canada pursuant to the Listed Issuer Financing Exemption and will not be subject to resale restrictions in accordance with applicable Canadian securities laws. The securities issued under the Concurrent Private Placement will be subject to a statutory hold period of four months following the closing of the Concurrent Private Placement, pursuant to applicable securities law.

There is an offering document dated March 17, 2026, related to the Offering that can be accessed under the Company's profile at www.sedarplus.com. Prospective investors should read this offering document before making an investment decision.

The closing of the Offering and Concurrent Private Placement will take place such date as the Company may determine. Closing of the Offering and Concurrent Private Placement is subject to certain conditions including, but not limited to, receipt of all necessary regulatory and exchange approvals. Closing of the Offering is not conditional upon closing of the Concurrent Private Placement.

Finder's fees may be payable in connection with the Offering and Concurrent Private Placement to eligible finders in accordance with the policies of the TSXV.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the "United States" (as such term is defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable U.S. state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Core Critical Metals Corp.

Core Critical Metals Corp. is a North American mineral acquisition and exploration company focused on the development of quality critical metal properties that are drill-ready with high-upside and expansion potential.

CORE CRITICAL METALS CORP.

Deepak Varshney, CEO and Director

For more information, please call 778-899-1780, email dvarshney@xanderresources.ca or visit www.xanderresources.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements:

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements, other than statements of historical fact, included herein are forward-looking statements. Forward-looking statements in this release include, but are not limited to, statements regarding the terms, timing, and completion of the Offering and Concurrent Private Placement, the anticipated use of proceeds, receipt of regulatory and stock exchange approvals, and the Company's future plans, objectives, and exploration activities. Forward-looking statements are based on the reasonable assumptions, estimates, and opinions of management as of the date such statements are made and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks related to the Company's ability to complete the Offering and Concurrent Private Placement on the terms described herein or at all, the receipt of necessary regulatory and exchange approvals, fluctuations in market conditions, volatility in equity and capital markets, the speculative nature of mineral exploration and development, environmental risks, reliance on key personnel, and changes in laws and regulations. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events may differ materially from those anticipated. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements contained herein to reflect events or circumstances after the date hereof.

SOURCE: Core Critical Metals Corp.

View the original press release on ACCESS Newswire

FAQ

What is the size and price of Core Critical Metals' (CCMCF) Offering announced March 17, 2026?

The Offering is up to 3,000,000 Units at $0.50 each, for up to $1.5 million. According to the company, each Unit includes one common share and one Warrant exercisable at $0.75 for 24 months.

How does the Concurrent Private Placement with CCMCF work and what are its terms?

The Concurrent Private Placement is up to $1.5 million via units at $0.50 each. According to the company, each Private Placement Unit includes one share plus a Warrant exercisable at $0.75 for 24 months.

When can warrant holders exercise CCMCF warrants and at what price?

Warrants are exercisable beginning 60 days after closing and expire after 24 months. According to the company, each Warrant permits one share purchase at a $0.75 exercise price for the 24-month period.

What uses will Core Critical Metals (CCMCF) allocate the Offering proceeds to?

Proceeds will be used for general corporate and administrative purposes and exploration. According to the company, net proceeds from both the Offering and Concurrent Private Placement will support corporate needs and property exploration.

How will the Offering affect shareholder liquidity and eligibility for U.S. investors in CCMCF?

Concurrent Private Placement securities are subject to a 4-month-plus-one-day statutory hold restricting resale. According to the company, the securities are not registered under the U.S. Securities Act, so U.S. public resale is limited.