Purecore plans up to C$2.5 million private placement

• Offering targeted at up to C$2,500,000 in gross proceeds.
• Hard dollar units priced at C$1.35; flow-through units at C$1.50.
• Warrants carry a C$2.00 exercise price and 36-month term.
• Purecore says net proceeds will fund exploration, property spending and working capital.

Purecore Metals Inc. said it intends to complete a non-brokered private placement for gross proceeds of up to C$2,500,000. The company said the offering is subject to customary closing conditions and regulatory approvals, including Canadian Securities Exchange policies.

Purecore plans up to C$2.5 million private placement

The Vancouver company said the financing will comprise hard dollar units at C$1.35 each and flow-through units at C$1.50 each. The announcement was dated Oct. 2, 2026.

Terms

Each hard dollar unit will include one common share and one warrant. Each warrant will let holders buy one warrant share at C$2.00 for 36 months from closing, subject to acceleration.

Each flow-through unit will include one common share issued as a flow-through share and one warrant. Those warrants also carry a C$2.00 exercise price and a 36-month term.

Purecore said the warrants may be accelerated if, after four months and one day from closing and before expiry, the common shares trade at or above C$2.50 for ten consecutive trading days on the CSE. In that event, the company may give notice by news release and any unexercised warrants would expire at 5:00 p.m. Vancouver time on the 30th day after the notice.

Use of proceeds

The company said net proceeds from hard dollar units are expected to go toward mineral exploration, property-related expenditures and acquisitions, and general corporate and working capital needs, including marketing and investor relations.

Gross proceeds allocated to the flow-through shares will be used for eligible Canadian exploration expenses intended to qualify as flow-through mining expenditures or flow-through critical mineral mining expenditures under the Income Tax Act (Canada). Purecore said it intends to renounce qualifying expenditures to subscribers with an effective date no later than Dec. 31, 2026, in an amount not less than the gross proceeds allocated to those shares.

Closing

Purecore said it may pay finder’s fees to eligible arm’s-length finders, subject to securities laws and CSE policies. All securities issued in the offering will be subject to a four-month hold period under Canadian securities laws and CSE policies.