Starmet Ventures Announces Private Placement of Convertible Debentures

VANCOUVER, BC — March 26, 2026 — Leads & Copy — Starmet Ventures Inc. (CSE: STAR) plans to conduct a non-brokered private placement of unsecured convertible debentures, aiming to raise up to $4,000,000.

The Debentures will have a 10% per annum interest rate, calculated monthly and payable annually either in cash or through conversion at the Conversion Price. The Debentures will mature two years after issuance or when the Company’s securities begin trading on the NASDAQ, whichever comes first. The Company can prepay the principal amount and accrued interest with 14 days’ notice to Debenture holders.

The Debentures can be converted into units of the Company, each consisting of one common share and one common share purchase warrant. The warrants are exercisable at $0.40 per Common Share for 24 months from the Unit's issuance date, with a conversion price of $0.35 per Unit, any time before the Maturity Date. On the Maturity Date, Debenture holders can convert the outstanding principal and any unpaid interest into Units at the Conversion Price.

The Company plans to use the funds for general working capital purposes.

In connection with the Offering, the Company might pay finders' fees to qualified arm's length parties, consisting of an 8% cash fee on gross proceeds and common shares equal to 12.5% of the Units issued upon conversion of Debentures placed by the finder.

Securities issued will be subject to a statutory hold period of four months and one day following the issuance date, as per Canadian securities laws. The Offering is subject to CSE approval and the filing of required documentation. The Company expects to close the Offering in one or more tranches after receiving necessary approvals.

The securities have not been and will not be registered under the U.S. Securities Act of 1933 or state securities laws and may not be offered or sold in the United States without registration or an applicable exemption. This news release is not an offer to sell or a solicitation to buy securities in any jurisdiction where such action would be unlawful.

Starmet Ventures Inc. focuses on exploring mineral resource properties, particularly in Esmeralda County, Nevada. The company aims to identify and develop economic mineral resource properties.

Source: Starmet Ventures Inc.