May 22, 2026 – TheNewswire - Capacitor Metals Corp. (the “Company” or “Capacitor”) is pleased to announce that it intends to undertake a non-brokered private placement offering of up to 20,000,000 units (each, a “Unit”) at a price of $0.25 per Unit for gross proceeds of up to CDN$5,000,000 (the Offering”). Each Unit will consist of one common share of the Company (each, a “Share”) and one common share purchase warrant (each, a “Warrant”) with each Warrant entitling the holder to purchase one Share at a price of $0.30 per Share, if exercised within the initial 12 months of the term of the Warrant, and at a price of $0.40 if exercised during the subsequent 12 months.

The net proceeds from the Offering will be used for the completion of a Pre-feasibility study on the Upper Fir Tantalum and Niobium Deposit supported by the economic update underway by SRK Consulting , the metallurgical program at SGS Canada including the hydrometallurgical processing of the flotation concentrate through to separated oxide products as per industry requests, the environmental assessment process led by the Simpcw First Nation, and to advance the Company’s plans to become a “reporting issuer” in a jurisdiction in Canada and to apply to list its shares on a stock exchange in Canada and for general working capital. There is no assurance that that Company will become a “reporting issuer” in any jurisdiction in Canada. Any application to list its common shares on any stock exchange, shall be subject to the Company satisfying all of the listing requirements of    any such exchange  

The Units will be offered and sold to investors in Canada and in other jurisdictions where the Offering is lawfully permitted, in reliance upon one or more prospectus exemptions available to the Company under applicable Canadian securities laws.  The Company is not a “reporting issuer” (as such term is defined in the Securities Act (British Columbia)) in any jurisdiction in Canada. All securities being offering pursuant to the Offering, and any securities acquired upon the exercise of the Warrants, will be subject to applicable resale restrictions under Canadian securities laws and transfer restrictions set out in the Company’s constating documents.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. State securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The Company also announces that, pursuant to its equity incentive plan, it has granted stock options (the “Options”) to certain of its officers, directors, employees and consultants to acquire up to 11,762,000 Shares as follows:

• 6,900,000 Options were granted on May 12, 2026 (the Tranche 1 Options”). Each Tranche 1 Option is exercisable at $0.05 per Share until May 12, 2031. The Tranche 1 Options will vest immediately; and 

 

• 4,862,000 Options were granted on May 13, 2026 (the Tranche 2 Options”). Each Tranche 2 Option is exercisable at $0.25 per Share until May 13, 2031. The Tranche 2 Options will vest immediately. 

About Capacitor Metals Corp.

 

Capacitor Metals Corp. is focused on the development of the Upper Fir Tantalum & Niobium Deposit on the company’s Blue River Tantalum-Niobium project located in British Columbia, Canada. The Company is positioning itself to be one of the lowest cost, ethically sourced tantalum-niobium producers globally.

 

The Upper Fir Tantalum & Niobium Deposit has a significant historical indicated resource of 9.6M kg contained tantalum and 77.8M kg contained niobium plus an historical inferred resource of 1.0M kg contained tantalum and 9.6M kg contained niobium. The Deposit is advanced with $34M CAD of work completed, including 271 drill holes totaling over 59,000 meters drilled, a historical Preliminary Economic Assessment (“PEA”) released, community consultations, and preliminary metallurgical and environmental work.

 

The Blue River Property is a fully serviced site in mining-friendly British Columbia, Canada with excellent infrastructure close at hand, including rail, paved road, water, and power adjacent to project site.

 

The Blue River Property contains three known deposits of tantalum and niobium and an additional 20+ known exploration targets.

  

For more information, please visit the corporate website at www.capacitormetals.com or email jschroenn@capacitormetals.com.

 

On Behalf of the Board of Directors

Capacitor Metals Corp.

 

Chris Grove

President and CEO

Tel: 236 484 - 0284

Email:         cgrove@capacitormetals.com

Web: www.capacitormetals.com

 

Forward Looking Statements

This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding future events. Forward looking statements in this news release include statements regarding the Offering and the proposed use of proceeds; statements that the Company is specifically focused on the development of its Blue River tantalum and niobium deposit in British Columbia; and statements that the Company is positioning to be one of the lowest cost, ethically sourced tantalum-niobium producers globally.

 

It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental, and technological factors that may affect the Company’s operations, markets, products, and prices. Factors that could cause actual results to differ materially may include that we may not close all or any portion of the Offering, that any exploration results which we or others have found in any particular location on the Blue River Property are not necessarily indicative of larger areas of our properties; and that market prices for tantalum & niobium may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.

  

NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES