Core Viewpoint - AuMEGA Metals Ltd is aiming to raise up to C$10 million through a brokered LIFE offering to fund expanded drilling and exploration activities in Newfoundland and Labrador [2] Fundraising Details - The company plans to issue up to 42,553,191 flow-through shares at C$0.0470 each, 55,147,059 charity flow-through shares at C$0.0544 each, and 125,000,000 common shares at C$0.040 each [3] - Proceeds from the flow-through shares will be allocated to eligible Canadian exploration expenses, with expected qualifying expenditures incurred by December 31, 2027, and expenses renounced to subscribers effective December 31, 2026 [3] Use of Proceeds - Net proceeds from the common share component will be utilized for general and administrative costs and working capital [4] - The offering is anticipated to close around March 3, 2026 (Canada) / March 4, 2026 (Australia), pending regulatory approvals [4] Exploration Plans - Funds will support an expanded exploration initiative, including a planned up to 15,000-metre drill program, the largest in the past four years, targeting prospects within the Cape Ray district [5] - Continued work will take place at the earlier-stage Hermitage and Intersection projects [5] Strategic Importance - The company is entering a pivotal phase, having advanced its exploration strategy by identifying and de-risking multiple high-priority targets at Cape Ray West and Bunker Hill, which now warrant large-scale drilling [6] - Early Greenfields results at Isle aux Morts Granite suggest a potentially fertile intrusive-related gold system (IRGS) [6] Geological Insights - Geological characteristics observed are comparable to major IRGS discoveries, such as Snowline Gold's Valley-Rogue discoveries in the Yukon [7] - The target is located within the broader Cape Ray district, several kilometers from an existing Mineral Resource of 6.2 million tonnes grading an average of 2.25 g/t gold, totaling 450,000 ounces of Indicated Resources, and 3.4 million tonnes grading an average of 1.44 g/t gold, totaling 160,000 ounces in Inferred Resources, calculated in 2023 at a conservative gold price of US$1,750 per ounce [7]

Core Points - Lodestar Metals Corp. has closed the first tranche of its non-brokered private placement financing, issuing 14,982,068 units at a price of $0.075 per unit, resulting in gross proceeds of $1,123,655.10 [1] - Each unit consists of one common share and one-half of a share purchase warrant, with the warrants allowing the purchase of additional shares at $0.12 for two years [2] - The proceeds from the offering will be allocated for exploration and drilling on the Goldrun Project in Nevada, as well as for working capital [4] Financial Details - The first tranche raised a total of $1,123,655.10 through the issuance of 14,982,068 units at $0.075 each [1] - A cash fee of $15,939.15 was paid to finders, along with the issuance of 212,522 Finder's Warrants, which are exercisable at $0.12 for two years [3] Project Focus - Lodestar Metals is focused on advancing the Goldrun Project in Nevada, which is strategically located on a major Carlin-style gold trend and near significant gold deposits [6] - The company's strategy emphasizes capital allocation towards high-value targets and rapid development of known mineralization to build a compliant gold resource [6]