Enerev5 Metals Closes Second Tranche of Private Placement

Toronto, Ontario — March 6, 2026 — Leads & Copy —

Enerev5 Metals Inc. (TSX-V: ENEV) has completed the second and final tranche of its non-brokered private placement, the company said.

The Second Tranche consists of the sale of 13,000,000 units at a price of $0.01 per unit, resulting in aggregate gross proceeds of $130,000. Each unit includes one common share of the company and one share purchase warrant. Each warrant allows the holder to acquire one share at an exercise price of $0.05 per warrant for five years following the offering's closing date.

The first tranche of the offering involved the sale of 31,500,000 units, generating aggregate gross proceeds of $315,000. The company intends to use the proceeds for general corporate and working capital purposes, as well as for project review and acquisition costs.

The completion of the offering is contingent upon receiving all necessary regulatory approvals, including approval from the TSX Venture Exchange. All securities issued will be subject to a statutory hold period of four months and one day, in accordance with Canadian securities laws.

Enerev5 paid a commission of $10,400 and issued 1,300,000 non-transferrable warrants to eligible finders in connection with the Second Tranche. These broker warrants allow the purchase of units at a price of $0.05 per broker warrant and are subject to the same terms as the units sold under the offering.

Russell Fromm acquired an aggregate of 10,500,000 shares and 10,500,000 warrants as part of the closing of the Second Tranche of the offering (the “Acquisition”). Each warrant entitles the holder thereof to acquire one share. Before the acquisition, Fromm beneficially owned or controlled 27,184,000 shares and 1,000,000 warrants, representing approximately 8.76% and 9.05% of the outstanding shares on an undiluted and partially diluted basis, respectively. Following the acquisition, Fromm now owns or controls 37,684,000 shares and 11,500,000 warrants, representing 11.65% and 14.69% of the outstanding shares on an undiluted and partially diluted basis, respectively.

An early warning report regarding Fromm's acquisition of securities will be filed under the company's SEDAR+ profile at www.sedarplus.ca. To obtain a copy, contact Errol Farr at 647-296-1270 or refer to SEDAR+ under the company’s issuer profile.

The acquisition was completed for investment purposes, the company said. Depending on market and other conditions, Fromm may increase or decrease ownership of securities of the company through market transactions, private agreements, or other means.

Enerev5 Metals Inc. is a Canadian exploration company focused on identifying and developing critical battery metals projects in mining-friendly jurisdictions. The company aims to build a portfolio of early-stage assets with the potential to supply ethically-sourced metals for the global transition to clean energy. Enerev5 is currently advancing lithium exploration in northeastern Nevada and evaluating additional opportunities in high-potential jurisdictions to support long-term growth.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption.

Source: Enerev5 Metals Inc.