Emperor Metals increases private placement to $10 million

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) announced it has increased the size of its previously announced private placement to $10 million due to strong investor demand.

The offering is being led by SCP Resource Finance LP as lead agent and sole bookrunner with Canaccord Genuity Corp. as part of the syndicate. The placement consists of up to 15 million common units at $0.20 per unit for gross proceeds of up to $3 million, and up to 25 million flow-through units at $0.28 per unit for gross proceeds of up to $7 million.

Each common unit includes one common share and one-half of a warrant exercisable at $0.35 per share for 24 months. Each flow-through unit includes one flow-through share and one-half of a warrant with the same terms.

The agents have been granted an option to increase the offering by up to 15% of the offered securities, exercisable up to three business days prior to closing.

The securities will be offered in Canada under the listed issuer financing exemption and may also be offered in the United States through private placement exemptions. Securities issued under the Canadian exemption are not expected to be subject to a hold period.

Net proceeds will be used to advance the company's Duquesne West Project and Lac Pelletier Project in Quebec, along with general administrative expenses and working capital.

The company will pay agents a 6% cash commission on gross proceeds and issue warrants equal to 6% of total securities issued, exercisable at the common unit price for 24 months.

Closing is expected on or about October 7, 2025, subject to regulatory approvals including approval from the Canadian Securities Exchange.

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