September 29, 2025 – TheNewswire - Vancouver, BC - Total Metals Corp. (“Total Metals” or the “Company”) (TSX-V: TT) (FSE: O4N) announced that it has revised the terms of its contemplated listed issuer financing offering (the “LIFE Offering”) and concurrent private placement (the “Private Placement”), as previously described in its September 24, 2025 press release.

The LIFE Offering will now consist of a non-brokered minimum financing of $8,000,000 and a maximum of $8,700,000, through the issuance of a minimum of 13,333,333 units and a maximum of 14,500,000 units (each, a “LIFE Unit”), with each LIFE Unit consisting of one common share and one common share purchase warrant (each, a “LIFE Warrant”). Each LIFE Warrant will be exercisable 60 days after issuance for a period of 36 months at a price of $1.00 per LIFE Warrant. The Company has filed an amended and restated offering document reflecting these changes (the “Offering Document”). The Offering Document can be found on the Company’s SEDAR+ profile at www.sedarplus.ca and on the Company’s website at www.totalmetalscorp.com.

The Private Placement will now consist of a non-brokered financing of up to $1,300,000, through the issuance of a minimum of 2,166,666 units (each, a “Non-LIFE Unit”), with each Non-LIFE Unit consisting of one common share and one common share purchase warrant (each, a “Non-LIFE Warrant”). Each Non-LIFE Warrant will be exercisable for a period of 36 months at a price of $0.90 per Non-LIFE Warrant. The Non-Life Units will be offered to “accredited investors”, as defined under National Instrument 45-106 – Prospectus Exemptions.

About Total Metals Corp.

Total Metals Corp. is focused on the acquisition, exploration and development of mineral properties in the prolific Red Lake mining district of Northern Ontario, Canada. The company owns 100% of the Electrolode Project covering 3,000 contiguous hectares, which has had substantial historical drilling and recent modern airborne geophysics. The Electrolode Project targets high-potential mineral resources in three favorable geologic trends, located near major mines in the Red Lake Gold camp and is strategically located between Kinross Gold’s Great Bear Project and First Mining Gold’s Springpole Project. The Electrolode project is fully permitted for exploration drilling and hosts 10 historic mineralized zones with significant expansion potential plus new, untested targets ready for further exploration.

www.totalmetalscorp.com

Cautionary Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in its policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

Tyler Thorburn

President and Chief Executive Officer

info@totalmetalscorp.com

(416) 873-7662

 

Forward-Looking Information

This press release includes “forward-looking information” that is subject to assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements in this news release which are not purely historical are forward looking.  Although the Company believes that any forward-looking statements in this news release are reasonable, there can be no assurance that any such forward-looking statements will prove to be accurate. The Company cautions readers that all forward-looking statements, are based on assumptions none of which can be assured and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.