Enerev5 Metals Inc. announced a brokered private placement of units for gross proceeds of up to CAD 500,000 on September 23, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.05 per share for a period of two years from the date of closing.

On the same date the company has issued 2,100,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 105,000. All securities issued in the first tranche are subject to a four month hold period to January 24, 2023.