Genius Metals Proclaims Non-public Placement of as much as $500,000

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NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

MONTRÉAL, Sept. 24, 2024 (GLOBE NEWSWIRE) — Genius Metals Inc. (TSXV: GENI) (“Genius Metals” or the “Company”) is happy to announce a non-brokered non-public placement of as much as 6,250,000 models of the Company (“Items”) at a value of $0.08 per Unit, for whole gross proceeds of as much as $500,000 (the “Providing”).

Every Unit will consist of 1 frequent share of the Company (a “Frequent Share”) and one-half of 1 Frequent Share buy warrant (a “Warrant”). Every entire Warrant will entitle its holder to buy one Frequent Share at an train value of $0.12 per Frequent Share for a interval of 24 months.

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Closing of the Providing is topic to sure situations together with, however not restricted to, the approval of the TSX Enterprise Change (“TSXV”). All securities issued in reference to the Providing will likely be topic to a statutory maintain interval ending 4 months and someday from the date of their issuance, in accordance with relevant securities legal guidelines.

The online proceeds from the Providing will likely be allotted in direction of the event of the Company’s portfolio in Québec and Morocco, encompassing potential progress alternatives, in addition to for basic working capital functions.

The securities described herein haven’t been, and won’t be, registered beneath the US Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities legal guidelines, and accordingly, will not be supplied or offered inside the US besides in compliance with the registration necessities of the U.S. Securities Act and relevant state securities necessities or pursuant to exemptions therefrom. This press launch doesn’t represent a proposal to promote or a solicitation to purchase any securities in any jurisdiction.

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About Genius Metals

Genius Metals is a Canadian mineral exploration firm targeted on the acquisition, exploration, and, if warranted, improvement of pure useful resource properties of advantage in Canada and Morocco.

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Ahead-Trying Statements and Disclaimer

Sure info contained herein might represent “forward-looking info” beneath Canadian securities laws. Usually, forward-looking info could be recognized utilizing forward-looking terminology resembling “will likely be,” “anticipated,” or variations of such phrases and phrases, or statements that sure actions, occasions, or outcomes “will” happen. Ahead-looking statements, together with statements referring to the anticipated closing of the Providing, in addition to the quantity and supposed use of the web proceeds from the Providing, are based mostly on the Company’s estimates and are topic to identified and unknown dangers, uncertainties, and different components that will trigger precise outcomes, stage of exercise, efficiency, or achievements of the Company to be materially totally different from these expressed or implied by such forward-looking statements or forward-looking info. There could be no assurance that such statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements and forward-looking info. The Company won’t replace any forward-looking statements or forward-looking info which can be included by reference herein, besides as required by relevant securities legal guidelines.

Neither the TSXV nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts duty for the adequacy or accuracy of this information launch.

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