Vancouver, Canada – June 5th, 2025 – Patterson Metals Corp. (the “Company”) (TSXV: PAT, FWB: 33H2) has elected to revise the structure of its previously announced non-brokered private placement (the “Offering”). The Company will continue to offer up to 3,703,704 units (each, a “Unit”) at a price of $0.27 per Unit, for gross proceeds of up to $1,000,000, but the Offering will now be available to purchasers resident in Canada (except Quebec) and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions.
Each Unit will continue to consist of one common share of the Company, and one common share purchase warrant entitling the holder to acquire an additional common share at a price of $0.36 for a period of thirty-six months.
There is an offering document related to the Offering that can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at: www.pettersonmetals.com. Prospective investors should read this offering document before making an investment decision.
The securities issued pursuant to the Offering will not be subject to any statutory hold period in accordance with applicable Canadian securities legislation. No finders’ fees or commissions are payable in connection with the Offering. Completion of the Offering remains subject to the approval of the TSX Venture Exchange.
About Patterson Metals Corp
Patterson Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows the Company to achieve exceptional shareholder value through the entire life-cycle of the mining process.
For further information, contact the Company at info@pattersonmetals.com or 604.558.4300, or visit the Company’s website at www.pattersonmetals.com.
On behalf of the Board,
Patterson Metals Corp.
Simon Cheng, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the planned development of the Carter Lake Uranium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
