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]

Group 1 - Lodestar Metals Corp. has increased its private placement offering from C$500,000 to C$1,000,000 due to strong investor demand [1] - The offering is priced at C$0.075 per Post-Consolidation Unit, allowing for the issuance of up to 13,333,333 Post-Consolidation Units [1][2] - Each Post-Consolidation Unit consists of one common share and one-half share purchase warrant, with the warrant allowing the purchase of an additional share at C$0.12 for two years [2] Group 2 - The company will pay finders a fee of 6% in cash and 6% in share purchase warrants, with securities subject to a six-month resale restriction [3] - Proceeds from the offering will be allocated for exploration and drilling on the Goldrun Project in Nevada and for working capital [3] - The offering is subject to acceptance by the TSX Venture Exchange [3] Group 3 - A strategic share consolidation will take effect on October 20, 2025, at a ratio of two pre-consolidation shares to one post-consolidation share [4] - Following the consolidation, the company will have 23,668,250 shares issued and outstanding [4] - Registered shareholders will receive a letter of transmittal with instructions for exchanging their share certificates [5] Group 4 - Lodestar Metals Corp. is focused on advancing the Goldrun Project in Nevada, which is strategically located on a major gold trend [7] - The company aims to build a compliant gold resource that delivers lasting shareholder value through a disciplined approach [7]