IDEX Metals Corp. Completes $8.05 Million Brokered Private Placement

Vancouver, B.C. — May 5, 2026 — Leads & Copy — IDEX Metals Corp. has closed its previously announced brokered private placement, raising gross proceeds of $8,050,000. The offering, led by Clarus Securities Inc. on behalf of a syndicate of agents including Interward Asset Management Ltd., involved the issuance of 20,125,000 special warrants at a price of $0.40 per warrant. This included the full exercise of the Agents’ option to offer and sell an additional 15% of the special warrants.

Each special warrant is exercisable into one unit of the company, comprised of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at an exercise price of $0.60 per warrant share for a period of 24 months from the date of issuance.

The net proceeds from the offering will be allocated to exploration and development of the Company’s Freeze Project, including drilling and geophysics, as well as for general working capital purposes.

Clayton Fisher, CEO and Director of IDEX Metals, expressed gratitude for the significant participation of existing shareholders and the support of Clarus Securities. He stated that the company is now fully funded to launch a 10,000-meter drill program to test what they believe is a compelling emerging copper-gold porphyry prospect in the western United States.

The company will use its commercially reasonable best efforts to prepare and file a final short form prospectus or prospectus supplement qualifying the distribution of the common shares and warrants to be issued upon exercise of the special warrants. If the company does not receive a receipt for the Final Prospectus or file a Qualifying Supplement within nine weeks following the Closing Date, each unexercised Special Warrant will thereafter entitle the holder to receive upon the exercise thereof, at no additional consideration, one-and-one-twentieth (1.05) of a Unit (instead of one Unit).

All unexercised special warrants will automatically be exercised on the earlier of the third business day after a receipt is issued for the final prospectus or the qualifying supplement is filed, and the date which is four months and a day following the closing date.

The agents received an aggregate cash fee of $449,220 for their services, along with 1,123,050 non-transferable broker warrants. Each broker warrant is exercisable to purchase one common share at the offering price for 24 months from the date of issuance.

The special warrants and any underlying securities are subject to a statutory hold period of four months plus one day under applicable Canadian securities legislation. The offering remains subject to the final approval of the TSX Venture Exchange.

Two insiders of the company subscribed for an aggregate of 200,000 special warrants ($80,000) in the offering. The participation by the two insiders constitutes a “related party transaction” as defined under Multilateral Instrument 61-101Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Special Warrants acquired by each insider, nor the consideration for the Special Warrants paid by each insider, exceed 25% of the Company’s market capitalization.

IDEX Metals Corp. is focused on advancing a portfolio of base and precious metal projects in Idaho, USA. The company is primarily focused on the exploration and development of the Freeze Copper-Gold porphyry prospect located in the newly discovered Idaho Copper District, Washington County, Idaho.

Source: IDEX Metals Corp.