Enerev5 Metals Inc. Stakes Announces $400,000 Non-Brokered Private Placement and Securities-for-Debt Transaction

Core Viewpoint - Enerev5 Metals Inc. is initiating a non-brokered private placement to raise up to $400,000 through the issuance of units priced at $0.01 each, which will consist of common shares and warrants [1][2]. Group 1: Private Placement Details - The offering will consist of up to 40,000,000 units, with each unit priced at $0.01, aiming for gross proceeds of up to $400,000 [1]. - Each unit includes one common share and one share purchase warrant, allowing the holder to acquire one share at an exercise price of $0.05 for five years post-closing [2]. - Proceeds from the offering will be allocated for general corporate purposes, working capital, and project review and acquisition costs [2]. Group 2: Debt Settlement - The company plans to conduct a securities for debt transaction to settle up to $105,500 in liabilities by issuing up to 10,555,000 units at a price of $0.01 per unit [3]. - Non-arm's length parties involved in the debt settlement will settle eligible debt through the issuance of shares at the same price of $0.01 per share [3]. Group 3: Insider Participation and Conditions - Certain insiders may participate in the offering, but their total participation is not expected to exceed 25% of the offering [4]. - Completion of both the offering and the debt settlement is subject to customary closing conditions, including necessary approvals from the TSX Venture Exchange [5]. Group 4: Company Overview - Enerev5 Metals Inc. is a Canadian exploration company focused on developing critical battery metals projects in stable, mining-friendly jurisdictions [7]. - The company's strategy involves building a portfolio of early-stage assets to supply ethically-sourced metals essential for the global transition to clean energy [7]. - Currently, the company is advancing lithium exploration in northeastern Nevada and evaluating additional opportunities for long-term growth [7].