Early Warning Report - Shares of Canex Metals Inc.

Rhea-AI Summary

Canex Metals (OTC:NOMNF) disclosed an Early Warning Report under National Instrument 62-103 for a securities purchase dated December 23, 2025. Eric Fier purchased 7,387,000 common shares at $0.15 per share for total cash consideration of $1,108,050, representing an increase of 4.42% of the issued and outstanding common shares on an undiluted basis.

After the private placement Mr. Fier beneficially owns, controls or directs 16,695,800 shares, equal to 10.0% of Canex's issued and outstanding common shares. The shares were acquired for investment purposes and Mr. Fier may alter his ownership in the future. A copy of the early warning report will be available on Canex's SEDAR+ profile.

Positive

• Private placement raised $1,108,050 in cash
• Investor stake increased to 10.0% ownership
• Acquisition price of $0.15 per share sets recent trade level

Negative

• Existing shareholders experienced 4.42% dilution on an undiluted basis
• Beneficial ownership hitting 10.0% may alter voting dynamics

CALGARY, AB / ACCESS Newswire / December 30, 2025 / This press release is being disseminated as required by National Instrument 62-103 - The Early Warning System and Take over Bid and Insider Reporting Issues regarding the disposition and acquisition of securities of Canex Metals Inc. ("Canex").

On December 23, 2025, Eric Fier ("Mr. Fier"), purchased pursuant to a private placement, a total of 7,387,000 Common Shares or 4.42% of the issued and outstanding shares on an undiluted basis of Canex for cash consideration of $1,108,050 or $0.15 per Common Share. Following the share purchase Mr. Fier will beneficially own, control or have direction over, directly or indirectly, an aggregate of 16,695,800 Common Shares representing 10% of the issued and outstanding Common Shares. Mr. Fier's acquisition represents an approximately 4.42% increase in his ownership and or control over Common Shares of Canex, assuming no further common shares of Canex have been issued. The Common Shares are being acquired for investment purposes and in the future, he may further decrease or increase his beneficial ownership of the securities of Canex.

A copy of the early warning report will be available on Canex's Sedar profile at www.sedarplus.ca.

For Further Information Contact:
Shane Ebert at 1.250.964.2699
Web: http://www.canexmetals.ca

SOURCE: CANEX Metals Inc.

View the original press release on ACCESS Newswire

FAQ

What did Canex Metals announce in the December 30, 2025 Early Warning Report for NOMNF?

Canex disclosed that on December 23, 2025 Eric Fier bought 7,387,000 shares at $0.15 for $1,108,050, bringing his ownership to 16,695,800 shares (10.0%).

How much did Eric Fier pay per share when increasing his Canex (NOMNF) stake?

Eric Fier paid $0.15 per common share in the private placement.

How many Canex (NOMNF) shares does Eric Fier own after the December 23, 2025 purchase?

After the purchase he beneficially owns, controls or directs 16,695,800 common shares, equal to 10.0% of outstanding shares.

What is the ownership change percentage reported for Eric Fier in Canex (NOMNF)?

The reported acquisition represented an approximate 4.42% increase in his ownership on an undiluted basis.

Will the Canex Early Warning Report be publicly available for investors reviewing NOMNF?

Yes. A copy of the early warning report will be available on Canex's SEDAR+ profile.