Bathurst Metals Corp. Announces C$1.5 Million Private Placement Financing

Vancouver, B.C. — June 17, 2026 — Leads & Copy — Bathurst Metals Corp. announced today a non-brokered private placement financing aiming to raise up to C$1.5 million through the sale of 18,750,000 units at C$0.08 per unit. The financing, termed the “Private Placement,” involves units each consisting of one common share and one-half of a common share purchase warrant. Each whole warrant will allow the holder to purchase an additional common share at an exercise price of $0.16 for 36 months following the closing date.

The corporation anticipates closing the Private Placement around July 24, 2026, though this date is subject to Bathurst’s discretion. The proceeds are earmarked for exploration initiatives in Nunavut and British Columbia, Canada, as well as for operational and administrative expenses, working capital, and general corporate purposes.

Bathurst may engage arm’s length parties for commissions, finder’s fees, or similar payments in connection with the Private Placement. Details regarding any such fees will be disclosed in a subsequent news release.

The completion of the Private Placement is contingent on several conditions, including regulatory approvals, notably from the TSX Venture Exchange (TSXV). The TSXV has not yet approved the offering price or the exercise price, both of which are subject to potential changes. The issued shares, warrants, and warrant shares will be subject to a statutory hold period of four months and one day from the closing date, as per applicable securities laws.

It is expected that certain insiders of Bathurst Metals Corp. may participate in the Private Placement. Such participation would be classified as a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The company plans to utilize exemptions from formal valuation and minority approval requirements, citing that the fair market value of the transaction involving related parties will not exceed $2,500,000.

Bathurst Metals Corp. is an exploration-stage company focused on the acquisition, exploration, and development of mineral properties in Nunavut and British Columbia, Canada. Its holdings include a 100% interest in the Turner Lake, TED, and Gela Lake Projects in Nunavut, and an option to earn a 100% interest in the Peerless Property, a gold/silver prospect located in the Bralorne Camp in British Columbia.

Source: Bathurst Metals Corp.