Transition Metals Corp. Closes $618,844 Private Placement

About this update from Transition Metals Corp.

Transition Metals Corp. Closes $618,844 Private PlacementSudbury, Ontario--(Newsfile Corp. - May 7, 2026) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement. A total of 5,381,250 Flow Through Units ("FT Units") were issued for gross proceeds of $618,844 (the "Offering"). The FT Units consist of one common share ("Common Share") and a half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.115 for a period of 18 months from closing. The FT Units are intended to be donated to a charity by the purchaser(s) and subsequently sold to backend buyers for $0.08 per FT Unit.A finder's fee was paid in connection with the Offering to finders that included Haywood Securities Inc. and StephenAvenue Securities Inc. (collectively the "Finders") and consisted of cash fees in the aggregate amount of $16,500 representing an aggregate commission of 6% of the FT Units sold to investors introduced by the Finders. In addition, a total of 206,250 broker warrants ("Broker Warrants") were issued to the Finders. Each Broker Warrant entitles the holder to purchase one Common Share at an exercise price of $0.115 for a period of 18 months from closing.The proceeds will be used to carry out exploration at the Company's Gowganda Gold and Saturday Night projects in Ontario, Canada. Fifty percent (50%) of the proceeds from the FT Units will qualify as Canadian Critical Metals Exploration Expenses. The securities issued in connection with the Offering, including any Common Shares issued upon exercise of the Warrants or the Broker Warrants will be subject to a four-month restricted resale period and applicable securities legislation hold periods outside of Canada from the closing date. Completion of the Offering will be subject to all necessary approvals, including the approval of the TSX Venture Exchange. About Transition Metals Corp Transition Metals Corp. (TSXV: XTM) is a Canadian-based, multi-commodity explorer. Its award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the company to acquire proper...

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