Enerev5 Metals Inc. Reports Closure of $315,000 First Tranche of Non‑Brokered Private Placement
Enerev5 Metals Inc. (TSX-V: ENEV), a Canadian exploration company focused on battery metals, announced on March 3 2026 that it has closed the first tranche of its non‑brokered private placement.
Details of the First Tranche
- Units Sold: 31,500,000
- Unit Price: $0.01 per unit
- Gross Proceeds: $315,000
- Unit Composition: Each unit consists of one common share and one share‑purchase warrant.
- Warrant Terms: Each warrant allows the holder to acquire one share at an exercise price of $0.05 within five years from the closing date.
Use of Proceeds
The Company will allocate the proceeds for general corporate purposes, working capital, project review, and acquisition costs.
Subsequent Tranche
Enerev5 expects to close the second and final tranche of the offering on or around March 5 2026.
Regulatory Compliance
- The completion of the offering is contingent upon receipt of all required regulatory approvals, including approval from the TSX Venture Exchange.
- All securities issued are subject to a statutory hold period of four months and one day under Canadian securities law.
Additional Transactions
- The Company paid a commission of $25,200 to eligible finders.
- 3,150,000 non‑transferable broker warrants (“Broker Warrants”) were issued, allowing holders to purchase units at $0.05 per warrant under the same terms as the units sold in the offering.
Company Context
Enerev5 Metals Inc. specializes in the exploration and development of copper, cobalt, zinc, and lithium projects, targeting ethically sourced battery metals. The Company’s portfolio includes early‑stage assets in mining‑friendly jurisdictions and is actively exploring opportunities in northeastern Nevada and other high‑potential regions.
Contact Information
- Errol Farr, President and CEO
- Email: efarr001@icloud.com
- Phone: 647‑296‑1270
The announcement was issued by the Company’s own website and disseminated through multiple financial news outlets, confirming the successful completion of the first tranche of the private placement.
