Metals Creek Resources Corp. Announces $1 Million Non-Brokered Private Placement

About this update from Metals Creek Resources Corp.

Metals Creek Resources Corp. Announces $1 Million Non-Brokered Private PlacementThunder Bay, Ontario--(Newsfile Corp. - June 30, 2026) - Metals Creek Resources Corp. (TSXV: MEK) (FSE: M1C1) (the "Company" or "Metals Creek") is pleased to announce that it intends to complete a non-brokered private placement of both flow-through and non-flow-through units (the "Private Placement") for an aggregate total of up to $1 million. The Private Placement is expected to close on or before July 31, 2026.The Company intends to issue up to 9,090,909 flow-through units at a price of $0.055 per unit (the "FT Units") for aggregate proceeds of up to $500,000. Each FT Unit will consist of one flow-through common share (the "FT Shares") and one-half of a non-flow through common share purchase warrant (the "FT Warrants"). Each whole FT Warrant will entitle the holder to purchase one additional non-flow through common share of the Company at an exercise price of $0.10 per common share for a period of 24 months from the date of issue. The FT Shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).The Company also intends to issue up to 10,000,000 non-flow through units at a price of $0.05 per unit (the "NFT Units") for aggregate proceeds of up to $500,000. Each NFT Unit will consist of one non-flow through common share and one non-flow through common share purchase warrant (the "NFT Warrants"). Each NFT Warrant will entitle the holder to purchase one additional non-flow through common share of the Company at an exercise price of $0.10 per common share for a period of 24 months from the date of issue.In connection with the Private Placement, the Company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four-month hold period. The Private Placement is subject to approval by the TSX Venture Exchange.The proceeds raised from the financing will be used for exploration on the Company's Newfoundland Hydrogen/Helium projects, its Ogden Gold Project and for general working capital purposes. The proceeds raised from the FT Units will be used for exploration on the Company's Newfoundland and Ontario properties including its O...

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