Hercules Metals Closes $50 Million “Bought Deal” Private Placement, including Full Exercise of the Underwriters’ Option; Barrick to Fully Exercise its Participation Right

Toronto, Ontario–(Newsfile Corp. – November 12, 2026) – Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (“Hercules” or the “Company”) is pleased to advise that it has closed its previously announced “bought deal” private placement (the “Bought Deal”). Pursuant to the Bought Deal, the Company issued 57,472,200 common shares of the Company (the “Common Shares”) at a price of $0.87 per Common Share, for aggregate gross proceeds of $50,000,814, including the full exercise of the underwriters’…

Source: https://www.newsfilecorp.com/release/323726/Hercules-Metals-Closes-50-Million-Bought-Deal-Private-Placement-including-Full-Exercise-of-the-Underwriters-Option-Barrick-to-Fully-Exercise-its-Participation-Right