Lodestar Metals Closes Second Tranche of Financing

Rhea-AI Summary

Lodestar Metals (SVTND) closed a second tranche of its non-brokered private placement on November 14, 2025 by issuing 3,139,667 units at $0.075 per unit for gross proceeds of $235,475. Each Unit includes one common share and one-half of a share purchase warrant, meaning 1,569,833 Unit Warrants $0.12 per share for two years. The company paid finders $900 cash and issued 12,000 Finder's Warrants exercisable at $0.12 for two years. Warrants may be accelerated if the VWAP meets $0.15 for 10 consecutive trading days. Proceeds will fund exploration and drilling at the Goldrun Project in Nevada and general working capital.

Positive

• Gross proceeds of $235,475 from the Second Tranche
• Proceeds designated for Goldrun Project exploration and drilling
• Finder fees limited to $900 cash and 12,000 warrants

Negative

• Issued 3,139,667 units introduce immediate share base expansion
• Up to 1,569,833 warrant shares can be issued at $0.12, creating potential dilution

Vancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - Lodestar Metals Corp. (TSXV: LSTR) (OTC Pink: SVTNF) ("Lodestar" or the "Company") announces that it has closed a second tranche of its previously announced non-brokered private placement financing (the "Offering") (see news releases dated September 29, 2025, October 15, 2025, October 22, 2025 and October 24, 2025) by issuing 3,139,667 units of the Company (the "Units") at a price of $0.075 per Unit for gross proceeds of $235,475 (the "Second Tranche").

Each Unit is comprised of one (1) common share of the Company (a "Share) and one-half of one (1/2) share purchase warrant (each whole share purchase warrant, a "Unit Warrant"), with each Unit Warrant entitling the holder to purchase one additional Share (a "Unit Warrant Share") at a price of $0.12 per Unit Warrant Share for a period of two years from the date of issue (the "Expiry Date"). The Company has the right to accelerate the Expiry Date if, at any time, the volume weighted average price of the Shares on the principal exchange or market on which the Shares trade is equal to or greater than $0.15 for 10 consecutive trading days ("10-Day Period"). In the event of acceleration, the Expiry Date will be accelerated to a date that is 30 days after the Company issues the acceleration notice through a news release, provided that the acceleration notice is issued within 10 business days after the end of the particular 10-Day Period.

The securities issued under the Second Tranche will be subject to restrictions on resale until March 13, 2026. In connection with the Second Tranche, the Company paid the finders a cash fee totaling $900 and issued a total of 12,000 share purchase warrants to the finders (the "Finder's Warrants"). Each Finder Warrant is exercisable at $0.12 per Share for a period of two (2) years from the date of issue.

The proceeds of the Offering will be used for exploration and drilling on the Company's Goldrun Project located in Nevada as well as working capital purposes.

This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be any sale of any of the securities offered in any jurisdiction where such offer, solicitation or sale would be unlawful, including the United States of America. The securities being offered as part of the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and any applicable state securities laws, or pursuant to available exemptions therefrom.

ABOUT LODESTAR METALS

Lodestar Metals Corp. is a Canadian gold exploration company focused on advancing the drill-ready Goldrun Project in Nevada, strategically located on a major Carlin-style gold trend and adjacent to some of the largest gold deposits in North America. With decades of combined geological and capital markets expertise, Lodestar follows a disciplined, step-by-step approach to discovery. The Company's strategy is clear: focus capital on high-value targets, move quickly on known mineralization, and build a compliant gold resource that delivers lasting shareholder value. For more information, please visit www.lodestarmetals.ca.

CONTACT
Lodestar Metals Corp.
Lowell Kamin, President, CEO & Chairman of the Board
(416) 272-1241
lowell@lodestarmetals.ca

NEITHER 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274467

FAQ

What did Lodestar Metals (SVTND) announce on November 14, 2025?

Lodestar closed a second tranche issuing 3,139,667 units at $0.075 each for $235,475 to fund Goldrun exploration and working capital.

How many warrants were created in Lodestar Metals' SVTND Second Tranche and at what price?

The Second Tranche included one-half warrant per unit (totaling 1,569,833 Unit Warrants when aggregated) exercisable at $0.12 for two years.

When do Lodestar Metals' SVTND warrants expire and can they be accelerated?

Unit Warrants expire two years from issue and may be accelerated if the VWAP reaches $0.15 for 10 consecutive trading days.

What will Lodestar Metals (SVTND) use the $235,475 proceeds for?

Proceeds are earmarked for exploration and drilling at the Goldrun Project in Nevada and for working capital.

Were any finders paid in Lodestar Metals' SVTND financing and what did they receive?

Yes; finders received a total of $900 cash and 12,000 Finder's Warrants exercisable at $0.12 for two years.