Prismo Metals Upsizes Private Placement, Raises $385,500

Vancouver, British Columbia — August 8, 2025 — Leads & Copy — Prismo Metals Inc. has announced the upsized closing of its non-brokered private placement, raising gross proceeds of $385,500 through the issuance of 6,425,000 units at $0.06 per unit. Each unit comprises one common share and one-half of a common share purchase warrant, with each warrant allowing the holder to purchase one share at $0.10 for 24 months.

The company has now raised a total of $1,077,500, including previous closings on July 18 and July 31. These funds are earmarked for exploration at the Silver King project, working capital, and general corporate purposes. The company also settled a debt settlement agreement by issuing 1,375,000 common shares at $0.06 per share to a creditor.

Exploration is underway at the Silver King and Ripsey silver projects in Arizona. A drill program is planned for Silver King to test the mineralized body at various elevations. The Palos Verdes project in Mexico remains an important asset, with the company monitoring Vizsla Silver’s exploration activities in the Panuco district.

Alain Lambert, CEO, and Dr. Craig Gibson, Chief Exploration Officer, provided updates on the financings and exploration activities.

Alain Lambert, Chief Executive Officer, alambert@cpvcgroup.ca

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Source: Prismo Metals Inc.