Hertz Energy Announces Non-Brokered Private Placement

Rhea-AI Summary

Hertz Energy (OTCQB: HZLIF) announced a non-brokered private placement on December 12, 2025 to raise gross proceeds of up to $440,000 by issuing up to 4,400,000 units at $0.10 per unit. Each unit includes one common share and one warrant exercisable at $0.125 for 36 months from closing. Proceeds are designated for general and administrative purposes and to advance the Company’s Lake George Antimony project. The offering may close in one or more tranches. All securities will be subject to a statutory hold period of four months and one day and will not be registered under the U.S. Securities Act, restricting U.S. sales.

Positive

• Raises up to $440,000 to fund operations and project work
• Up to 4,400,000 units issued to provide near-term capital
• Warrants exercisable at $0.125 for 36 months may preserve upside

Negative

• Potential dilution from up to 4,400,000 new shares
• Warrants could increase share count if fully exercised within 36 months
• Securities not registered in the U.S., limiting U.S. investor demand

Vancouver, British Columbia--(Newsfile Corp. - December 12, 2025) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: A340) ("Hertz" or the "Company") is pleased to announce a non-brokered private placement for gross proceeds of up to $440,000 (the "Private Placement").

The Private Placement will consist of up to 4,400,000 units of the Company (the "Units") at a price of $0.10 per Unit gross proceeds of up to $440,000 (the "Offering"). Each Unit will consist of one (1) common share in the capital of the Company (each a "Common Share") and one (1) Common Share purchase warrant (a "Warrant") granting the holder the right to purchase one (1) additional Common Share of the Company (a "Warrant Share") at a price of $0.125 at any time on or before 36 months from the Closing Date (defined below).

The gross proceeds from the Offering will be used for general and administrative matters and to advance the Company's current Lake George Antimony project

The Private Placement may close on one or more dates as the Company may determine.

All securities issued in connection with the Private Placement will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

The securities issued pursuant to the Private Placement have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. 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 the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

About the Company

Hertz Energy is a British Columbia-based junior exploration company focused on the acquisition and exploration of mineral properties in Eastern Canada. The Company maintains a strategic portfolio of four projects targeting lithium and antimony mineralization in Quebec and New Brunswick.

Lithium Portfolio: The Company's lithium assets include the Agastya Lithium Property in Quebec, comprising three non-contiguous claim blocks positioned along the greenstone belt adjacent to the Adina, Trieste, and Galinée properties-areas recognized for significant LCT (Lithium-Cesium-Tantalum) pegmatite potential within favorable greenstone and metasediment host rocks. The 26,500-hectare AC/DC Project is strategically located in Quebec's James Bay Lithium District, situated just 26 kilometers southeast of Patriot Battery Metals' Corvette Lithium Project and contiguous to Rio Tinto's Kaanaayaa project claims.

Antimony Portfolio: The Company's antimony assets consist of the Harriman Property, located 17 kilometers northeast of New Richmond in Quebec's Gaspé Region, where preliminary exploration is targeting antimony and gold mineralization along with zinc and copper potential. The Lake George Property, situated 30 kilometers southwest of Fredericton in New Brunswick, is being explored for antimony-gold mineralization.

For further information, please contact Mr. Kal Malhi or view the Company's filings at www.sedarplus.ca.

On Behalf of the Board of Directors

Kal Malhi
Chief Executive Officer and Director
Phone: 604-805-4602
Email: kal@bullruncapital.ca

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277831

FAQ

What is the size and price of Hertz Energy's (HZLIF) December 12, 2025 private placement?

The company offered up to $440,000 via up to 4,400,000 units at $0.10 per unit.

What does each unit include in the HZLIF private placement?

Each unit contains one common share and one warrant to buy one share at $0.125.

How long are the warrants from Hertz Energy (HZLIF) valid?

Warrants are exercisable at $0.125 at any time on or before 36 months from closing.

How will Hertz Energy (HZLIF) use the proceeds from the private placement?

Proceeds will be used for general and administrative purposes and to advance the Lake George Antimony project.

Are securities from the HZLIF offering available to U.S. investors?

No; the securities are not registered under the U.S. Securities Act and cannot be sold to U.S. persons without an exemption.

When can investors expect restrictions to lift on securities issued in the HZLIF offering?

Issued securities are subject to a statutory hold period of four months and one day from the date of issuance.