March 16, 2026 VANCOUVER, British Columbia, March 16, 2026 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the "Company" or "Collective") announces that further to its March 2, 2026 news release, the Company has closed the first tranche of its non-brokered private placement of flow-through units (each, a "FT Unit") for aggregate gross proceeds in this first tranche of $1,075,000 (the "Offering"). The Company has issued 5,375,000 FT Units at a price of $0.20 per FT Unit, with each FT Unit comprised of one (1) common share of the Company (each, a "Common Share") issued on a flow-through basis under the Income Tax Act (Canada) (each, a "FT Share") and one half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share of the Company at a price of $0.25 for a period of 24 months from the date of issuance.

The gross proceeds from the sale of the FT Shares will be used by the Company to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's Rocas Uranium Project in Saskatchewan, Canada. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units effective December 31, 2026.

In connection with the first tranche closing, an aggregate of $67,750 was paid in cash and a total of 376,250 finder's warrants (the "Finder's Warrants") were issued as finder's fees. Each Finder's Warrant entitles the holder thereof to acquire one (1) Common Share (a "Finder's Warrant Share") at a price of $0.25 per Finder's Warrant Share for a period of 24 months from the date of issuance.

All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day.

The securities issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be ...