DPM Metals Announces Renewal of Normal Course Issuer Bid

Core Viewpoint - DPM Metals Inc. has announced the renewal of its normal course issuer bid to repurchase shares, indicating a strategic move to enhance shareholder value through share buybacks [1][2]. Group 1: Previous and New Bid Details - The previous bid, initiated on March 18, 2025, allowed the repurchase of up to 15 million shares, approximately 9.8% of the public float as of March 4, 2025, with 3,508,460 shares repurchased at a weighted average price of US$16.06 (Cdn $22.39) per share as of March 11, 2026 [1][2]. - The new bid will commence on March 18, 2026, and will allow the purchase of up to 11 million shares, representing about 4.96% of the issued and outstanding common shares as of March 11, 2026, totaling 221,763,788 shares [2]. Group 2: Purchase Mechanism and Regulations - All purchases under the new bid will be conducted through the TSX or alternative trading systems, with shares purchased being cancelled [2]. - The company will not acquire more than 286,745 shares on any given trading day, which is 25% of the average daily trading volume of 1,146,983 shares over the last six months, except for block purchase exceptions [2]. Group 3: Automatic Share Purchase Plan (ASPP) - An automatic share purchase plan has been established to facilitate share purchases during regulatory restrictions or self-imposed black-out periods, effective March 18, 2026 [3]. Group 4: Financial Management and Strategy - RBC Capital Markets has been re-appointed to execute purchases under the new bid, with the timing and number of shares purchased being influenced by the company's share price, financial position, and capital allocation strategy [4]. - DPM Metals Inc. aims to become a mid-tier precious metals company through sustainable and efficient gold production, focusing on quality asset development and maintaining a strong financial position for growth [5].