Vancouver, British Columbia / November 28, 2025 – TheNewswire - Bolt Metals Corp. (“Bolt” or the “Company”) (TSXV: BOLT) (OTC: PCRCF) (FSE: A3D8AK), a North American mineral acquisition and exploration company, is pleased to announce that it has closed the second tranche of its previously announced non-brokered listed issuer financing exemption offering (the “LIFE Offering”), as well as closed the Company’s non-brokered Unit Private Placement (the “Unit Offering”).

Under the second tranche of the LIFE Offering, the Company issued a total of 350,000 units at a price of $0.20 (each a “LIFE Unit”) for gross proceeds of $70,000. Each LIFE Unit consists of one (1) common share and one (1) common share purchase warrant (each a “LIFE Warrant”). Each LIFE Warrant entitles the holder to acquire one (1) additional common share at a price of $0.40 for a period of twenty-four (24) months from the date of issuance and becomes exercisable sixty (60) days after closing. The Company intends to use the net proceeds from the LIFE Offering for general working capital and corporate purposes.

In addition to the LIFE Offering, the Company has closed its Unit Offering, issuing an aggregate of 15,000,000 units at a price of $0.20 per unit (each, a “Unit”), for total gross proceeds of $3,000,000. Each Unit consisting of one (1) common share of the Company and one (1) common share purchase warrant (each a “Warrant”). Each Warrant will entitle the holder to acquire one (1) additional common share at an exercise price of $0.40 per Warrant for a period of thirty-six (36) months from the date of issuance.

In connection with the Unit Offering and LIFE Offering, the Company paid aggregate cash finder’s fees totaling $129,540 and issued 641,500 finder’s warrants (each a “Finder’s Warrant”). Each Finder’s Warrant exercisable to acquire one (1) common share at a price of $0.20 for a period of twenty-four (24) months from issuance.

Including the first tranche of the LIFE Offering, which closed on November 19, 2025 and raised gross proceeds of $430,000, Bolt Metals has now raised an aggregate of $3,500,000 across both the LIFE Offering and Unit Offering.

About Bolt Metals Corp.

Bolt Metals Corp. is a North American mineral acquisition and exploration company focused on the development of quality precious and base metal properties that are drill-ready with high-upside and expansion potential. Bolt trades on the CSE Exchange under the symbol BOLT, the OTC under the symbol PCRFC and in Germany under the WKN A3D8AK.

BOLT METALS CORP.

Zachary Kotowych, CEO and Director

For more information, please email info@boltmetals.com or visit www.boltmetals.com.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

  

Forward-looking statements:

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements”). All statements in this release that are not historical facts are forward-looking statements, including statements regarding the expected use of proceeds from the LIFE Offering and the Unit Offering, the terms and conditions of securities issued by the Company, and the Company’s exploration, development and corporate plans and objectives. Forward-looking statements are based on expectations, estimates and assumptions that, while considered reasonable by the Company as of the date of this news release, are inherently subject to significant business, economic, geological, technical and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: volatile capital markets; changes in the use of proceeds due to evolving business needs or external factors; results of exploration and development activities that may not align with management expectations; operational risks; environmental risks; fluctuations in commodity prices; reliance on key personnel; availability of capital; delays in regulatory approvals or permitting; changes in government policy or regulation; and the risks associated with early-stage mineral exploration. The Company is presently an exploration-stage company with no mineral reserves on any of its properties. Exploration and development are speculative activities involving substantial risk, often requiring significant expenditures that may not result in the discovery of mineral deposits that can be economically mined.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.