Discovery Energy Metals Announces Non-Brokered Private Placement Financing

Rhea-AI Summary

Discovery Energy Metals (CSE: DEMC, OTCQB: DEMCF) intends to complete a non-brokered private placement of up to $1,250,000 in gross proceeds. The financing combines up to 3,000,000 non-flow-through units at $0.25 per unit (up to $750,000) and up to 2,000,000 flow-through units at $0.30 per unit (up to $500,000).

Each Unit includes one common share and a transferable warrant exercisable at $0.30 for 24 months. Each FT Unit includes one flow-through share and a transferable non-flow-through warrant exercisable at $0.35 for 24 months. According to Discovery, proceeds will fund general working capital and property exploration.

The company has also extended its marketing and investor awareness agreement with ClickCatalyst for 60 days at a cost of CAD$250,000 plus taxes. Closing is subject to regulatory approvals, potential finder’s fees may be paid, and all securities will carry a statutory hold period of four months and one day.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• Up to $1,250,000 in gross proceeds targeted from private placement
• Unit pricing at $0.25 and FT Units at $0.30 with two-year warrants
• Warrants exercisable at $0.30 and $0.35 for 24 months provide additional capital optionality
• Proceeds earmarked for working capital and property exploration

Negative

• Financing could issue up to 5,000,000 new shares plus attached warrants, implying dilution
• Marketing and investor awareness extension costs CAD$250,000 for 60 days
• Offering remains subject to regulatory approvals and may not close as planned
• All new securities subject to a four-month-and-one-day hold, limiting immediate liquidity

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

VANCOUVER, BC / ACCESS Newswire / July 10, 2026 / Discovery Energy Metals Corp. (CSE:DEMC)(OTCQB:DEMCF)(FRA:Q3Q0)(WKN: A3EFKA) ("Discovery" or the "Company"), a Canadian exploration company focused on advancing domestic energy freedom through regional energy metals discovery, is pleased to announce that it intends to complete a non-brokered private placement financing for total gross proceeds of up to $1,250,000.

The Offering will consist of up to 3,000,000 non-flow-through units of the Company ("Units") at a price of $0.25 per Unit for gross proceeds of up to $750,000, and up to 2,000,000 flow-through units of the Company ("FT Units") at a price of $0.30 per FT Unit for gross proceeds of up to $500,000.

Each Unit will be comprised of one common share of the Company and one transferable share purchase warrant, with each warrant exercisable to acquire one common share of the Company at a price of $0.30 per share for a period of 24 months from the date of issuance. Each FT Unit will be comprised of one common share of the Company issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one transferable non-flow-through share purchase warrant, with each warrant exercisable to acquire one common share of the Company at a price of $0.35 per share for a period of 24 months from the date of issuance.

The gross proceeds from the Offering are expected to be used for general working capital and property exploration. The Company has also extended its marketing and investor awareness agreement with ClickCatalyst Inc. for an additional sixty (60) day term at a cost of CAD$250,000, plus applicable taxes. The closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals. The Company may pay finder's fees in connection with the Offering. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day pursuant to applicable securities law.

For more information please visit: www.discoveryenergymetals.com.

About Discovery Energy Metals Corp. (CSE:DEMC)(OTCQB:DEMCF)(FRA:Q3Q0) (WKN: A3EFKA)

Discovery Energy Metals Corp. is a Canadian exploration company focused on advancing the Crystal Lake Copper-Molybdenum Project, an early-stage exploration project located in a well-mineralized district of central British Columbia. The Crystal Lake property consists of eight contiguous mineral claims covering approximately 5,283 hectares, located 34 km south of Fort Fraser, British Columbia. The project is accessible year-round via Kenny Dam Road and well-maintained forestry roads, with nearby access to key infrastructure including CN rail, BC Hydro transmission, Highway 16, and the communities of Vanderhoof and Fraser Lake. Additionally, The Company also holds a portfolio of mineral claims in Québec, including projects in the Nunavik and James Bay regions, and is advancing the ESN Project in Nevada and the Koster Dam Project in central British Columbia. Find out more at: www.discoveryenergymetals.com and follow us on X (formerly twitter), and LinkedIn.

On behalf of the Board of Directors,

Mike Hodge
President & Chief Executive Officer

For further information, please contact:

Discovery Energy Metals Corp.
1450 - 789 West Pender Street,
Vancouver, BC Canada V6C 1H2
Telephone: +1 (604) 681-1568
Email: info@discoveryenergymetals.com
Web: www.discoveryenergymetals.com

Caution Regarding Forward-Looking Information

Certain statements contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", "potential", "indicative" and similar expressions. Forward-looking information in this news release includes, but is not limited to, the Offering, including the timing, terms and anticipated use of proceeds from the Offering, the timely receipt of all necessary approvals for the Offering, and other statements regarding the Company's future business plans and objectives. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties inherent in the exploration and development of mineral properties, fluctuations in commodity prices, counterparty risk, market conditions, regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company's strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

SOURCE: Discovery Energy Metals Corp.

View the original press release on ACCESS Newswire

FAQ

What is Discovery Energy Metals (DEMCF) announcing in its July 10, 2026 financing?

Discovery Energy Metals announced a planned non-brokered private placement for up to $1,250,000 in gross proceeds. According to Discovery, the offering combines non-flow-through and flow-through units with attached two-year warrants, subject to regulatory approvals and standard hold periods.

What are the terms of the DEMCF non-flow-through and flow-through units in the 2026 private placement?

The company plans up to 3,000,000 Units at $0.25 and 2,000,000 FT Units at $0.30. According to Discovery, each Unit or FT Unit includes one share and one transferable warrant exercisable for 24 months at $0.30 or $0.35 respectively.

How will Discovery Energy Metals (DEMCF) use the proceeds from its $1,250,000 private placement?

Discovery intends to use the gross proceeds for general working capital and property exploration. According to Discovery, the non-brokered placement aims to support ongoing exploration activities and corporate needs, subject to closing conditions and regulatory approvals.

What are the warrant terms attached to the DEMCF private placement units?

Each Unit includes a warrant exercisable at $0.30 for 24 months, and each FT Unit includes a warrant exercisable at $0.35 for 24 months. According to Discovery, these transferable warrants could provide additional future funding if exercised.

Are there any resale restrictions on the new DEMCF securities from the 2026 financing?

Yes, all securities issued under the offering will have a statutory hold period of four months and one day. According to Discovery, this restriction is required under applicable securities laws and limits immediate secondary market trading by investors.

What is the cost and duration of Discovery Energy Metals’ new marketing agreement related to DEMCF?

Discovery has extended its marketing and investor awareness agreement with ClickCatalyst for an additional 60 days at a cost of CAD$250,000 plus taxes. According to Discovery, this extension supports market visibility alongside the planned financing.

Will Discovery Energy Metals (DEMCF) pay any finder’s fees on the 2026 private placement?

The company may pay finder’s fees in connection with the offering, but specific amounts are not disclosed. According to Discovery, the financing is non-brokered yet still allows for finder participation, subject to regulatory approvals and standard conditions.