Military Metals Announces Closing of Fully Subscribed LIFE Offering

Rhea-AI Summary

Military Metals (Symbol: MILIF) closed a fully subscribed non‑brokered private placement on December 4, 2025, issuing 8,332,888 Units at $0.36 per Unit for aggregate gross proceeds of $2,999,840. Each Unit includes one common share and one‑half of a warrant exercisable at $0.55 for 12 months.

The placement included a lead order of $1,500,000 from an arm's‑length European investor. The company paid $49,321 in cash finder's fees and issued 137,003 non‑transferable finder’s warrants exercisable at $0.55 for 12 months. Proceeds are earmarked for technical work, a Preliminary Economic Assessment at the Trojarová project and definition infill drilling.

Positive

• $2.999M gross proceeds raised
• Lead order of $1.5M from European investor
• Proceeds allocated to PEA completion and infill drilling

Negative

• 4,303,447 potential shares issuable on warrant exercise
• Warrants exercisable at $0.55 for only 12 months

News Market Reaction – MILIF

+2.61%

1 alert

+2.61% News Effect

On the day this news was published, MILIF gained 2.61%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Units issued: 8,332,888 units Unit price: $0.36 per Unit Gross proceeds: $2,999,840 +5 more

8 metrics

Units issued 8,332,888 units Non‑brokered LIFE private placement

Unit price $0.36 per Unit Pricing of offering Units

Gross proceeds $2,999,840 Aggregate gross proceeds from LIFE offering

Lead order $1,500,000 Arm’s‑length European investor participation

Finder’s fee (cash) $49,321 Aggregate cash finder’s fees paid

Finder’s warrants 137,003 warrants Non‑transferable finder’s warrants issued

Warrant exercise price $0.55 per share Exercise price for Unit and finder’s warrants

Warrant term 12 months Exercise period from date of issuance

Market Reality Check

Price: $0.2895 Vol: Volume 82,455 is about 0....

low vol

$0.2895 Last Close

Volume Volume 82,455 is about 0.51x the 20‑day average of 160,150, showing subdued trading ahead of the financing news. low

Technical Shares at $0.25099 are trading below the 200‑day MA of $0.33 and about 50.77% under the 52‑week high.

Peers on Argus

Peers in Other Industrial Metals & Mining showed mixed moves, with names like BR...

Peers in Other Industrial Metals & Mining showed mixed moves, with names like BRWXF at -3.06% and EUMNF at +2.39%, suggesting today’s context is more stock‑specific than sector‑driven.

Historical Context

5 past events · Latest: Dec 04 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 04	Equity financing	Neutral	+2.6%	Closed LIFE private placement raising funds with units and warrants.
Nov 18	Market context update	Positive	+0.2%	Highlighted WEF antimony supply risks and Trojárová’s strategic fit.
Nov 10	Strategic partnership	Positive	+9.8%	Signed cooperation agreement with Technical University of Košice on Trojarová.
Nov 04	Project drilling start	Positive	-3.1%	Announced 10‑hole definition drilling and resource confirmation work.
Oct 23	Governance measure	Neutral	+7.0%	Planned shareholder rights plan to address potential creeping bids.

Pattern Detected

Recent Trojarová‑related and strategic announcements often saw positive price reactions, while one drilling update drew a negative move, indicating occasional divergence even on constructive project news.

Recent Company History

Over the last few months, Military Metals issued several project‑focused updates. On Oct 23, it announced plans for a shareholder rights plan, which was followed by a 7.02% move. Early November brought commencement of resource confirmation drilling and a -3.13% reaction, then a cooperation agreement with the University of Košice on Nov 10, with shares up 9.85%. Subsequent WEF‑related antimony commentary on Nov 18 saw a modest 0.17% gain. Today’s Dec 4 LIFE financing of $2,999,840 adds capital for advancing Trojarová.

Market Pulse Summary

This announcement details a completed LIFE financing, with 8,332,888 units issued at $0.36 for gross...

Analysis

This announcement details a completed LIFE financing, with 8,332,888 units issued at $0.36 for gross proceeds of $2,999,840. Each unit carries a share plus warrant exposure at $0.55 for 12 months, and a major $1,500,000 lead order came from a European investor. Funds are earmarked for technical work and a Preliminary Economic Assessment at the Trojarová antimony‑gold project, following prior drilling and partnership milestones. Investors may watch progress toward that assessment and further drilling results.

Key Terms

non-brokered private placement, listed issuer financing exemption, prospectus exemptions, finder's warrants, +2 more

6 terms

non-brokered private placement financial

"that it has closed its non-brokered private placement under the Listed Issuer"

A non-brokered private placement is when a company raises money by selling securities (such as shares or bonds) directly to a small group of chosen investors without using a broker or dealer as a middleman. For investors it matters because it can provide faster, lower-cost access to new investment opportunities but may bring higher risk, less liquidity and potential dilution of existing holdings compared with public offerings.

listed issuer financing exemption regulatory

"under the Listed Issuer Financing Exemption (as defined herein), issuing"

A listed issuer financing exemption is a regulatory allowance that lets a publicly traded company raise money by selling securities without preparing a full, formal prospectus when specific conditions are met. Think of it as a permitted shortcut with guardrails: it speeds access to capital while still requiring certain disclosures and limits, and it matters to investors because it can dilute existing holdings, change ownership stakes, and quickly affect share price and company funding prospects.

prospectus exemptions regulatory

"under Part 5A of National Instrument 45-106 - Prospectus Exemptions"

Prospectus exemptions are legal rules that allow a company to sell shares or other securities without preparing the full, formal disclosure document normally required for public offerings. Think of it like buying from a short catalogue instead of a full product brochure: the paperwork is lighter and the sale can happen faster, but investors typically get less public information, so these deals can be riskier and less liquid than fully disclosed offerings.

finder's warrants financial

"and issued an aggregate of 137,003 non-transferable finder's warrants"

Finder's warrants are options given to an intermediary as payment for introducing a buyer, investor, or deal — they work like a coupon that lets the holder buy company shares at a fixed price for a set period. They matter to investors because exercising those warrants increases the number of shares outstanding, which can dilute existing owners, while also bringing potential cash into the company and signaling the cost of making the deal happen.

statutory four month hold period regulatory

"The Finder's Warrants are subject to a statutory four month hold period"

A statutory four month hold period is a legally required time during which newly issued or privately sold shares cannot be publicly resold. Think of it like a short lock on a door that prevents sellers from immediately flooding the market; it matters to investors because it temporarily limits supply and trading liquidity and can affect share price volatility when the lock expires and those shares become available.

preliminary economic assessment technical

"including completion of a Preliminary Economic Assessment at the Company's flagship"

A preliminary economic assessment is an initial analysis that estimates the potential profitability and feasibility of a project or resource, such as a new mineral deposit or development venture. It provides a rough idea of costs, benefits, and risks, helping investors decide whether to pursue more detailed studies. This early evaluation is important because it offers a snapshot of whether the project is worth further investment and development.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Military Metals Corp. (CSE: MILI) (FSE: QN90) (the "Company") is pleased to announce, further to its news releases dated November 21, 2025 and December 2, 2025, that it has closed its non-brokered private placement under the Listed Issuer Financing Exemption (as defined herein), issuing 8,332,888 units of the Company ("Units") at a purchase price of $0.36 per Unit (the "Offering") for aggregate gross proceeds of $2,999,840.

Each Unit consists of one common share in the capital of the Company (a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to acquire one additional Share (each a "Warrant Share", and together with the Units, Shares and Warrants, the "Securities") at an exercise price of $0.55 for a period of twelve (12) months from the date issuance.

The Company is pleased to note that the Offering included a lead order of $1,500,000 from an arm's length European investor, reflecting what the Company perceives to be strong interest in the Company's exploration strategy in Slovakia by the European market.

In connection with the Offering, the Company paid an aggregate cash finder's fee of $49,321 and issued an aggregate of 137,003 non-transferable finder's warrants ("Finder's Warrants") from the sale of Units to subscribers directly introduced to the Company by Canaccord Genuity Corp., Haywood Securities Inc., and Ventum Financial Corp. Each Finder's Warrant will entitle the holder to acquire one Share at a price of $0.55 each for a period of twelve (12) months from the date of issuance. The Finder's Warrants are subject to a statutory four month hold period expiring on April 5, 2026.

The Units sold under the Offering were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the "Listed Issuer Financing Exemption") to purchasers resident in all provinces of Canada, except Quebec, and other qualifying jurisdictions. The Securities offered under the Listed Issuer Financing Exemption are not subject to a hold period in accordance with applicable Canadian securities laws.

The Company intends to use the proceeds from the Offering for technical work, including completion of a Preliminary Economic Assessment at the Company's flagship Trojarová antimony-gold project and definition infill drilling.

For more information about Military Metals Corp. and its critical minerals initiatives, please visit: https://www.militarymetalscorp.com.

LinkedIn: https://www.linkedin.com/company/military-metals/
X: https://x.com/militarymetals
Facebook: https://www.facebook.com/profile.php?id=61564717587797

About Military Metals Corp.
The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.

ON BEHALF OF THE BOARD of DIRECTORS

For more information, please contact:
Scott Eldridge CEO and Director
scott@militarymetalscorp.com or info@militarymetalscorp.com

For enquiries, please call 604-537-7556

Forward-Looking Information

This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include, without limitation, statements related to the Offering and anticipated use of proceeds therefrom. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277006

FAQ

How much did Military Metals (MILIF) raise in the December 4, 2025 offering?

Military Metals raised $2,999,840 by issuing 8,332,888 Units at $0.36 per Unit.

What securities were issued in the MILIF private placement and the warrant terms?

Each Unit included one share and one‑half warrant; full warrants exercisable at $0.55 for 12 months.

How many additional shares could MILIF issue if all warrants are exercised?

If all warrants and finder's warrants are exercised, up to 4,303,447 additional shares could be issued at $0.55.

Who led the MILIF offering and what does that indicate?

The offering included a lead order of $1,500,000 from an arm's‑length European investor, signaling investor interest in the company's Slovakia strategy.

What will Military Metals (MILIF) use the offering proceeds for?

Proceeds are intended for technical work, including a Preliminary Economic Assessment at Trojarová and definition infill drilling.

What finder fees were paid in the MILIF financing and what were the finder warrant terms?

The company paid $49,321 cash in finder's fees and issued 137,003 non‑transferable finder’s warrants exercisable at $0.55 for 12 months.