Vancouver, BC | June 4, 2025 | Supreme Critical Metals Inc. (CSE: CRIT) (“Supreme” or the “Company”) is pleased to announce a non-brokered private placement (the “LIFE Offering”) consisting of a maximum of 2,935,000 units of the Company (the “Offered Units”) at a price of $0.06 per Offered Unit for gross proceeds of up to $176,100.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the LIFE Offering is being made to purchasers’ resident in all provinces of Canada, except Quebec, Newfoundland and Labrador and Prince Edward Island pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”).
Under the LIFE Offering, each Offered Unit will consist of one common share of the Company (“Common Share”) and one common share purchase warrant (a “Warrant”). Each whole Warrant will be exercisable for a period of 24 months from the Closing Date (as defined herein) (the “Expiry Period”) and will entitle the holder thereof to purchase one additional Common Share prior to the expiry of the Expiry Period at an exercise price of $0.08 per Warrant. The securities issued pursuant to the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.
An offering document related to the LIFE Offering (the “Offering Document”) will be available under the Company’s profile at www.sedarplus.ca and on Supreme’s website at www.supremecriticalmetals.com. Prospective purchasers should read the Offering Document before making an investment decision.
In addition to the LIFE Offering, the Company intends to issue up to 2,935,000 units (each, a “Non-LIFE Unit”) on a non-brokered private placement basis for gross proceeds of $176,100 (the “Concurrent Offering” and together with the LIFE Offering, the “Offerings”) at a price of $0.06 per Non-LIFE Unit. Each Non-LIFE Unit will consist of one Common Share and one Warrant, each whole Warrant entitling the holder thereof to purchase one additional Common Share prior to the expiry of the Expiry Period at an exercise price of $0.08 per Warrant.
The Concurrent Offering will be made available to accredited investors and other eligible investors in all provinces of Canada, except Quebec, and such other jurisdictions as the Company may decide in accordance with applicable laws, including NI 45-106. The securities issued pursuant to the Concurrent Offering shall be subject to a four-month and one-day statutory hold period from the date of issue in accordance with applicable Canadian securities laws. In connection with the Offering and Concurrent Offering, the Company may pay to certain finders a cash commission of up to 6.0% of the gross proceeds raised from the sale of the Non-LIFE Units.
The Company intends to use the proceeds of the Offering and Concurrent Offering, respectively, as more specifically described in the Offering Document and for general corporate and working capital purposes.
The closing of the Offering and the Concurrent Offering is anticipated to occur on or about July 18, 2025 or such other date(s) as may be determined by the Company (the “Closing Date”) and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the Canadian Securities Exchange. Closing of the Offering is not conditional upon the closing of the Concurrent Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Supreme Critical Metals Inc.
Supreme is a publicly traded diversified investment corporation actively exploring and investigating multiple opportunities in lithium, copper, silver, and precious metals. The Company adheres to strategic guidelines that prioritize regions conducive to mining, supported by favorable government regulations and existing infrastructure.
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities laws. Such forward-looking statements or information are provided to inform the Company’s shareholders and potential investors about management’s current expectations and plans relating to the future and include, but are not limited to, completion of the Offering and the Concurrent Offering and the use of net proceeds of the Offering and the Concurrent Offering. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as “anticipate”, “proposed”, “estimates”, “would”, “expects”, “intends”, “plans”, “may”, “will”, and similar expressions. Forward-looking statements or information are based on a number of factors and assumptions that have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.
Contact Information
For further information, please contact:
George Tsafalas, Director
1(778) 373-8578
www.supremecriticalmetals.com
Neither the Canadian Securities Exchange nor its market regulator accepts responsibility for the adequacy or accuracy of this release.