Hercules Metals plans C$4.5 million private placement at C$0.62/share to incoming management team

• Hercules Metals plans a non-brokered private placement of 7,258,066 common shares at C$ 0.62 each for gross proceeds of C$ 4.5 million.
• Incoming Arizona Sonoran management team, led by incoming CEO George Ogilvie, will subscribe using personal funds.
• Pricing implies about a 5% premium to the prior close before the team’s appointment announcement.
• Closing targeted around Sept. 1, 2026, timed with the new team taking over, subject to TSX Venture Exchange clearance.
• Proceeds earmarked for continued drilling at the Leviathan porphyry copper system, further exploration, modelling, working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hercules Metals Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608050700NEWSFILECNPR____20260805_308062_1) on August 05, 2026, and is solely responsible for the information contained therein.