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Domestic Metals Closes First Tranche of Non-Brokered Private Placement

Provided By GlobeNewswire

Last update: Jul 23, 2025

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VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) -- Domestic Metals Corp. (the “Company” or “Domestic”) - (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) reports that, pursuant to their news release dated May 27, 2025 and July 11, 2025, the Company has closed a first tranche of their non-brokered financing issuing an aggregate 1,551,120 units for gross proceeds of $356,758. Each Unit consists of one common share of the Company (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional share of the Company for a period of three years from the date of issuance at a price of $0.33 per share. The expiry of the Warrants may be accelerated if the closing price of the Company’s common shares on the TSX Venture Exchange (“TSXV”) is equal to or greater than $0.60 for a minimum of twenty consecutive trading days and a notice of acceleration is provided in accordance with the terms of the Warrants.

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