DPM Metals Announces Renewal of Normal Course Issuer Bid

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[{"type":"text","content":"DPM Metals Announces Renewal of Normal Course Issuer Bid\nTORONTO, March 16, 2026 (GLOBE NEWSWIRE) -- DPM Metals Inc. (TSX: DPM, ASX: DPM) (ARBN: 689370894) (“DPM” or “the Company”) announced today that the Toronto Stock Exchange (“TSX”) accepted its notice of intention to renew its normal course issuer bid (the “New Bid”) to purchase certain of its common shares (“Shares”) through the facilities of the TSX. The Company commenced a normal course issuer bid (the “Previous Bid”) on March 18, 2025, which will terminate on March 17, 2026. Under the Previous Bid, the Company sought and obtained approval to purchase up to 15 million Shares, representing approximately 9.8% of its public float as of March 4, 2025. As of March 11, 2026, the Company has repurchased 3,508,460 Shares under the Previous Bid through the TSX or other alternative trading systems or by such other means as permitted by the TSX and applicable Canadian Securities laws, at a weighted average price of US$16.06 (Cdn $22.39) per Share. The number of Shares that may be purchased during the period of the New Bid, which will commence on March 18, 2026, and terminate on March 17, 2027, will not exceed 11 million Shares, being approximately 4.96% of the Company’s issued and outstanding Common Shares as of March 11, 2026, which was 221,763,788. All purchases made pursuant to the New Bid will be made through the facilities of the TSX or other alternative trading systems in accordance with applicable Canadian securities laws and Shares purchased pursuant to the New Bid will be cancelled. Pursuant to the terms of the New Bid, the Company will not acquire on any given trading day more than 286,745 Shares, representing 25% of the average daily trading volume of Shares for the most recently completed six-month period, being 1,146,983 Shares, other than block purchase exceptions. The Company has established an automatic share purchase plan (\"ASPP\") in connection with the NCIB to facilitate the purchase of Shares during times when the Company would ordinarily not be permitted to purchase Shares due to regulatory restrictions or self-imposed black-out periods. Before entering a black-out period, the Company may, but is not required to, instruct its broker to make purchases under the NCIB base...

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