Prismo Metals Inc. press release
Prismo Metals Announces Closing of Private Placement
CSE - Canadian National Stock Exchange · Copper · Gold · Zinc · Silver · Lead · Antimony · Barium · Bismuth · Mercury · Canada
(TheNewswire)
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NOTFORDISTRIBUTIONTOUNITEDSTATESNEWSWIRESERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver,BritishColumbia – TheNewswire -January 12th,2026– Prismo Metals Inc. (“Prismo” or the “Company”) (CSE: PRIZ) (OTCQB: PMOMF) is pleased to announce that further to its news release December 31st, 2025, the Company has proceeded with an upsized closing (the “Closing”) of its previously announced non-brokered private placement of units of the Company (“Units”) at an issue price of $0.10 per Unit (the “PrivatePlacement”). The Closing consisted in the issuance of 2,000,000 Units for gross proceeds of $200,000.
“Every subscriber in this last closing is either a new shareholder of Prismo or a subscriber who became a shareholder of Prismo through our 2025 private placement and decided to increase their holdings in our Company,” said Alain Lambert CEO of Prismo. “Our immediate priority is to undertake our fully funded drill program, as previously announced. This drill campaign will focus primarily on the historic Silver King mine site and will be for a minimum of about 1,000 meters. The objective is to test the upper half of the steeply dipping pipelike Silver King mineralized body as well as potential mineralization adjacent to the dense stockwork that was the focus of historic mining.”
Each Unit consists of one common share in the capital of the Company (a “Share”) and one common share purchase warrant of the Company (a “Warrant”). Each Warrant entitles the holder to purchase one Share for a period of thirty-six (36) months from the date of issue at an exercise price of $0.175.
The Company intends to use the net proceeds of the Private Placement primarily for drilling at its Silver King project and for general corporate purposes. There may be circumstances, however, where, for sound business reasons, a reallocation of funds may be necessary.
The Units issued pursuant to the Closing are subject to a four-month hold period from the closing date of the Closing under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.
In connection with the Closing, the Company issued an aggregate of 120,000 finder’s warrants (the “Finder’s Warrants”) and paid finder’s commissions of $12,000 to a certain qualified finder. Each Finder’s Warrant is exercisable for a period of twenty-four (24) months from the date of issuance to purchase one Share at a price of $0.10. In addition, the Company paid a cash fee of $3,000 to a financial advisor.
The securities being issued in connection with the Closing have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. persons or persons in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
[]()About Prismo Metals Inc.
Prismo (CSE: PRIZ) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.
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PrismoMetalsInc.
1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6 Phone: (416) 361-0737
Contact:
Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com
Gordon Aldcorn, President gordon.aldcorn@prismometals.com
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management oftheCompanyregardingfutureevents.Generally,forward-lookingstatementsandinformationcan be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variationsofsuchwordsandphrasesorstatementsthatcertainactions,eventsorresults “may”, “could”,“should”,“would” or“occur”. This information and thesestatements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Silver King; the intended use of any proceeds raised under the Closing; and the completion of an additional tranche.
Theseforward-lookingstatementsinvolvenumerousrisksanduncertainties,andactualresultsmight differ materially from results suggested in any forward-looking statements. These risks and uncertaintiesinclude,amongotherthings:the potential inability of the Company to utilize the anticipated proceeds of the Private Placement as anticipated; the potential inability of the Company to complete an additional tranche on the terms disclosed, or at all; and those risks set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.com) under the Company’s issuer profile.
In making the forward-looking statements in this news release, the Company has applied several materialassumptions,includingwithoutlimitation,that the Company will use the proceeds of the Closing as currently anticipated and on the timeline currently expected; and that the Company will complete an additional tranche.
AlthoughmanagementoftheCompanyhasattemptedtoidentifyimportantfactorsthat couldcause actual results to differ materially from those contained in forward-looking statements or forward-lookinginformation,theremaybeotherfactorsthatcauseresultsnottobeasanticipated,estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward- lookinginformation.Readersarecautionedthatrelianceonsuchinformationmaynotbeappropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-lookinginformationorfinancialoutlookthatareincorporatedbyreferenceherein,exceptin accordance with applicable securities laws. We seek safe harbor.
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