Metals Creek Resources Corp. Approved to Close Flow-Through Private Placement Financing

Rhea-AI Summary

Metals Creek Resources (TSXV:MCREF) received TSX Venture Exchange approval to close a non-brokered flow-through private placement raising $200,000 via 5,000,000 flow-through units at $0.04 per unit.

Each unit includes one flow-through share and one-half warrant (one whole warrant exercisable at $0.06 for 24 months). The company paid $16,000 cash finders' fees and issued 400,000 broker warrants exercisable at $0.05 for five years. Securities are subject to a four-month hold period.

Proceeds are earmarked for exploration on Newfoundland and Ontario properties, including the Ogden Gold Project, with expenditures qualifying as flow-through mining expenses under the Canadian Income Tax Act.

Positive

• $200,000 gross proceeds raised
• Funding allocated to exploration on Newfoundland and Ontario properties
• Proceeds to qualify as flow-through mining expenditures

Negative

• Issued 5,000,000 FT shares causing share dilution
• Issued warrants exercisable at $0.06 for 24 months adding potential dilution
• Paid $16,000 in cash finders' fees and issued 400,000 broker warrants exercisable at $0.05

Thunder Bay, Ontario--(Newsfile Corp. - December 19, 2025) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or Metals Creek) announces that, further to its December 17, 2025 news release it has received approval from the TSX Venture Exchange (the "Exchange") to close its non-brokered flow-through private placement financing (the "Financing") for aggregate gross proceeds of $200,000.

The Company has issued 5,000,000 flow-through units at a price of $0.04 per unit (the "FT Units"), each FT Unit consisting of one flow-through common share (the "FT Shares") and one-half of a non-flow through common share purchase warrant (the "FT Warrants"), each whole FT Warrant entitling the holder to purchase one additional non-flow through common share of the Company at an exercise price of $0.06 per common share for a period of 24 months from the date of issue. The FT Shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).

In connection with the Financing, the Company has paid cash finders' fees totaling $16,000 and issued 400,000 broker warrants, exercisable at $0.05 for 5 years. All securities issued pursuant to the Financing will be subject to a four-month hold period.

The proceeds raised from the FT Units will be used for exploration on the Company's Newfoundland and Ontario properties including its Ogden Gold Project and will ensure that such Canadian Exploration Expenses qualify as a "flow-through mining expenditure" for purposes of the Income Tax Act (Canada), related to the exploration of the Company's exploration projects.

About Metals Creek Resources Corp.

Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of British Columbia, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF).

Metals Creek also has multiple quality projects available for option which can be viewed on the Company's website. Parties interested in seeking more information about properties available for option can contact the Company at the number below.

Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca.

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

Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: (709)-256-6060
fax: (709)-256-6061
MetalsCreek.com
Twitter.com/MetalsCreekRes
Facebook.com/MetalsCreek

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278758

FAQ

How much did Metals Creek (TSXV:MCREF) raise in the December 2025 flow-through private placement?

Metals Creek raised $200,000 by issuing 5,000,000 flow-through units at $0.04 per unit.

What are the warrant terms from Metals Creek's December 2025 financing (MCREF)?

Each FT Unit included one-half of a warrant; whole FT warrants are exercisable at $0.06 for 24 months; broker warrants exercisable at $0.05 for 5 years.

How will Metals Creek (MCREF) use the proceeds from the flow-through financing?

Proceeds will be used for exploration on its Newfoundland and Ontario properties, including the Ogden Gold Project.

Do the flow-through shares from Metals Creek's financing provide tax benefits for investors (MCREF)?

Yes; the FT shares entitle holders to tax benefits applicable to flow-through shares under the Income Tax Act (Canada) for qualifying exploration expenditures.

Are the securities issued in Metals Creek's December 2025 financing subject to resale restrictions (MCREF)?

Yes; all securities issued under the financing are subject to a four-month hold period.