Domestic Metals Closes First Tranche of Non-Brokered Private Placement

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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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Finders received 7% cash and 7% non-transferable broker warrants exercisable at $0.33 for three years and are subject to the acceleration provisions. Finders are Ventum Financial Corp. ($3,542 cash and 15,400 warrants) and Canaccord Genuity Corp. ($10,497 cash and 45,640 warrants).

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The final tranche will close on or before August 11, 2025.

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All securities issued in the Offering have a four-month plus one day hold period, during which time the securities may not be traded. Closing of the Offering is subject to the final acceptance of the TSXV.

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The net proceeds from the Offering are intended for general working capital and development costs.

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This press release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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About Domestic Metals Corp.

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Domestic Metals Corp. is a mineral exploration company focused on the discovery of large-scale, copper and gold deposits in exceptional, historical mining project areas in the Americas.

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The Company aims to discover new economic mineral deposits in historical mining districts that have seen exploration in geologically attractive mining jurisdictions, where economically favorable grades have been indicated by historic drilling and outcrop sampling.

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The Smart Creek Project is strategically located in the mining-friendly state of Montana, containing widespread copper mineralization at surface and hosts 4 attractive porphyry copper, epithermal gold, replacement and exotic copper exploration targets with excellent host rocks for mineral deposition.

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Domestic Metals Corp. is led by an experienced management team and an accomplished technical team, with successful track records in mine discovery, mining development and financing.

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