Emperor Metals Announces Final Over-Subscribed Closing of LIFE Offering for Aggregate Gross Proceeds of $11 Million

Core Viewpoint - Emperor Metals Inc. has successfully completed the second and final closing of its private placement offering, raising a total of approximately $11 million, which will be utilized for general and administrative expenses and working capital [1][4]. Group 1: Offering Details - The second closing of the offering raised approximately $1,150,333.80, contributing to a total of approximately $11,093,333.60 across all closings [1]. - A total of 5,751,669 Common Units were issued at a price of $0.20 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [1]. - The offering was led by SCP Resource Finance LP, acting as the lead agent and sole bookrunner, along with Canaccord Genuity Corp. as part of the syndicate [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for general and administrative expenses and working capital, as outlined in the offering document dated September 12, 2025 [4]. Group 3: Shareholder Information - Evanachan Limited acquired 750,000 Common Units for $150,000, representing approximately 1.65% of the total units sold under the offering [6]. - Following the second closing, Evanachan Limited holds 13,750,000 shares and 6,875,000 common share purchase warrants, representing approximately 6.9% of the total issued shares on a non-diluted basis [8]. Group 4: Company Overview - Emperor Metals Inc. is focused on high-grade gold exploration and development in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [9]. - The company aims to unlock the resource potential of the Duquesne West Gold Project and the Lac Pelletier Project [9].