Domestic Metals Announces Closing of Final Tranche of Private Placement and Announces $7.0 million Financing

About this update from Domestic Metals Corp.

[{"type":"text","content":"Domestic Metals Announces Closing of Final Tranche of Private Placement and Announces $7.0 million Financing\nVANCOUVER, British Columbia, April 14, 2026 (GLOBE NEWSWIRE) -- Domestic Metals Corp. (the “Company” or “Domestic”) - (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E0) reports that pursuant to their news releases dated February 4, March 13, 2026 and March 24, 2026, the Company has closed a final tranche of the private placement (the “Offering”) issuing an additional 874,286 units of the Company at a price of $0.28 per unit for gross proceeds of $244,800.08. The total aggregate units issued under both tranches of the Offering is 12,079,791 units of the Company (“Units”) for total gross proceeds of $3,382,341.48. Each Unit consists of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share of the Company for a period of three years from the date of issuance at a price of $0.40 per Share. There were no finder’s fees paid in the final tranche closing. All securities issued in the Offering have a four-month plus one day hold period, during which time the securities may not be traded. The Offering is subject to the final acceptance of the TSXV. The net proceeds from the Offering are intended for general working capital and exploration and development costs. Non-brokered Private Placement Domestic Metals further announces a non-brokered private placement of up to 25,000,000 units (the “Units”) at a price of $0.28 per Unit (the “New Offering”) for gross proceeds of up to $7,000,000. Each Unit will consist of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share of the Company for a period of three years from the date of issuance at a price of $0.40 per Share. Insiders may participate and finders’ fees may be payable to qualified arm’s length parties that have introduced the Company to certain subscribers participating in the New Offering. All securities issued in the New Offering are subject to a four-month hold period, during which time the securities may not be traded. C...

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