• Hercules Metals closed a bought-deal private placement of 53,353,000 common shares at C$ 0.59 each, raising about C$ 31.5 million in gross proceeds.
• 36,353,000 shares were issued under the listed issuer financing exemption for gross proceeds of C$ 21.45 million.
• 17,000,000 shares were sold in a concurrent private placement for gross proceeds of C$ 10.03 million.
• Net proceeds are earmarked for exploration and development at the company’s 100%-owned Hercules property in western Idaho, with the balance for working capital.
• BMO Capital Markets, SCP Resource Finance collected a 6% cash fee on the gross proceeds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hercules Metals Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202605200836NEWSFILECNPR____20260520_298137_1) on May 20, 2026, and is solely responsible for the information contained therein.