Enerev5 Metals Closes First Tranche of Private Placement, Raises $315,000

Toronto, Ontario — March 3, 2026 — Leads & Copy — Enerev5 Metals Inc. (TSX-V: ENEV) has announced the closing of the first tranche of its non-brokered private placement.

The First Tranche comprises the sale of 31,500,000 units at $0.01 per unit, resulting in aggregate gross proceeds of $315,000. Each unit includes one common share of the company and one share purchase warrant.

Each warrant allows the holder to acquire one share at an exercise price of $0.05 per warrant for five years following the offering's closing date. The company will use the proceeds for general corporate and working capital purposes, as well as project review and acquisition costs.

The company anticipates closing the second and final tranche of the offering around March 5, 2026.

The offering's completion is contingent upon receiving all necessary regulatory approvals, including the TSX Venture Exchange's approval. All issued and issuable securities will be subject to a four-month and one-day statutory hold period, in accordance with Canadian securities laws.

Enerev5 Metals paid a commission of $25,200 to eligible finders and issued 3,150,000 non-transferrable warrants to purchase units at $0.05 per warrant. The broker units are subject to the same terms as the units sold under the offering.

Enerev5 Metals Inc. is a Canadian exploration company focused on identifying and developing critical battery metals projects in stable, mining-friendly jurisdictions. The company is advancing lithium exploration in northeastern Nevada and evaluating additional opportunities to support its long-term growth objectives.

This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption.

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

Source: Enerev5 Metals Inc.