Kirkstone arranges $2-million private placement

Mar 14, 2026

2026-03-13 20:01 ET – News Release

Mr. Clive Massey reports

KIRKSTONE METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $2,000,000

Kirkstone Metals Corp. has arranged a non-brokered private placement financing of up to 10 million units at a price of 20 cents per unit for gross proceeds of up to $2-million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of two years from the date of closing at an exercise price of $1, provided that holders will not be permitted to exercise warrants until 60 days following closing of the private placement.

The company expects to utilize net proceeds from the private placement for exploration work and for general working capital purposes.

Up to 3,333,333 of the units to be issued under the private placement will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions), as amended by CSA Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption), in all provinces of Canada, except Quebec, and other qualifying jurisdictions. The units offered under the listed issuer financing exemption will be immediately free-trading under applicable Canadian securities laws. The remaining units to be issued under the private placement will be offered for sale pursuant to exemptions from the prospectus requirement other than the listed issuer financing exemption and will be subject to restrictions on resale for a period of four months and one day in accordance with applicable Canadian securities laws.

There is an offering document related to the private placement that can be accessed under the company’s profile at SEDAR+ and at the company’s website. Prospective investors should read this offering document before making an investment decision.

In connection with completion of the private placement, the company may pay finders’ fees to eligible third parties which have introduced subscribers to the private placement. Completion of the private placement remains subject to receipt of regulatory approvals, including approval of the TSX Venture Exchange.

Kirkstone commenced trading on the OTCQB under the symbol KSMCF.

The company is pleased to announce that its common shares are quoted and commenced trading on the OTCQB market under the symbol KSMCF on Thursday, March 12, 2026.

It is anticipated that Kirkstone’s quotation on the OTCQB market will provide greater liquidity and a more seamless trading experience for its current and prospective United States-based shareholders. The quotation may help to further increase liquidity and expand investment advisers’ ability to research and recommend investment in the company.

About Kirkstone Metals Corp.

Kirkstone is a Canadian mineral exploration company focused on uranium assets that support the global transition to clean, reliable and secure energy.

We seek Safe Harbor.

https://www.kirkstonemetals.com/