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Hannan Metals Restricted (TSXV: HAN,OTC:HANNF) (OTC Pink: HANNF) (“Hannan” or the “Firm”) declares that, on account of robust investor demand, the Firm has elevated the scale of its beforehand introduced non-brokered non-public placement providing underneath the Listed Issuer Financing Exemption (the “Providing”) to as much as 14,000,000 widespread shares (the “Frequent Shares”) at a value of $0.75 per Frequent Share (the “Providing Value”) for gross proceeds of C$10,500,000. The Providing continues to be topic to a minimal of C$4,000,000.
The Firm intends to make use of the online proceeds of the Providing to fund exploration expenditures on the Firm’s initiatives in Peru, together with to proceed to advance the drill program on the Firm’s Belen prospect, and for normal company and administration prices and normal working capital.
The Providing is predicted to shut in tranches by November 28, 2025, and is topic to the Firm receiving the mandatory regulatory approvals, together with the conditional approval from the TSX Enterprise Trade (“TSXV“). The Firm could pay finder’s charges in money to sure arm’s size finders engaged in reference to the Providing, topic to the approval of the TSXV.
Topic to compliance with relevant regulatory necessities, the Providing is being performed pursuant to the listed issuer financing exemption underneath Half 5A of Nationwide Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Sure Situations of the Listed Issuer Financing Exemption (the “Listed Issuer Financing Exemption“). The securities issued to purchasers within the Providing won’t be topic to a maintain interval underneath relevant Canadian securities legal guidelines. There may be an amended and restated providing doc associated to the upsized LIFE Providing dated November 18, 2025 that may be accessed underneath the Firm’s profile at www.sedarplus.ca and on the Firm’s web site at www.hannanmetals.com Potential buyers ought to learn the amended and restated providing doc earlier than investing resolution.
This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase nor shall there be any sale of any of the securities in any jurisdiction through which such provide, solicitation or sale could be illegal. The securities haven’t been and won’t be registered underneath the USA Securities Act of 1933, as amended (the “U.S. Securities Act“), or the securities legal guidelines of any state of the USA and will not be provided or offered inside the USA (as outlined in Regulation S underneath the U.S. Securities Act) except registered underneath the U.S. Securities Act and relevant state securities legal guidelines or pursuant to an exemption from such registration necessities.
About Hannan Metals Restricted (TSXV: HAN,OTC:HANNF) (OTC Pink: HANNF)
Hannan Metals Restricted is an exploration firm centered on the identification and delineation of huge gold and copper mineralizing programs in new frontiers in Peru. Over the past decade, the workforce behind Hannan has solid an extended and profitable document of discovering, financing, and advancing mineral initiatives in Australia, Europe and South America.
Ahead-Wanting Statements. Sure disclosure contained on this information launch could represent forward-looking info or forward-looking statements, inside the which means of Canadian securities legal guidelines. These statements could relate to this information launch and different issues recognized within the Firm’s public filings. In making the forward-looking statements the Firm has utilized sure components and assumptions which are primarily based on the Firm’s present beliefs in addition to assumptions made by and knowledge at the moment accessible to the Firm. These statements handle future occasions and circumstances and, as such, contain recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the statements. These dangers and uncertainties embody however will not be restricted to: timing and profitable completion of the Providing; the supposed use of proceeds from the Providing; the political atmosphere through which the Firm operates persevering with to help the event and operation of mining initiatives; the risk related to outbreaks of viruses and infectious illnesses; the Firm’s expectations relating to its mineral initiatives; market circumstances, the preliminary nature of the Firm’s operations; dangers associated to detrimental publicity with respect to the Firm or the mining trade on the whole; deliberate work applications; allowing; and group relations. Readers are cautioned to not place undue reliance on forward-looking statements. The Firm doesn’t intend, and expressly disclaims any intention or obligation to, replace or revise any forward-looking statements whether or not on account of new info, future occasions or in any other case, besides as required by legislation.
Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this information.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/274955
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