Vancouver, BC — October 21, 2025 — Leads & Copy — Defense Metals Corp. (TSXV: DEFN) plans to complete a private placement for gross proceeds of up to $15,000,000. The placement includes a brokered offering of up to 33,334,000 units for proceeds up to $10,000,000 and a non-brokered offering of up to 16,666,667 units for proceeds up to $5,000,000.

Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant allowing the holder to acquire one common share at $0.45 for three years.

The warrants are subject to an acceleration provision if the common shares exceed $0.90 for ten consecutive trading days. Agents have an option to sell additional units equal to 15% of the brokered offering, and the company may increase the non-brokered offering by up to 15%.

The agents will receive a cash commission equal to 7% of the gross proceeds of the brokered offering, and compensation options to acquire common shares. Additional commissions and finder’s fees may be payable for the non-brokered offering.

The company intends to use the net proceeds to continue optimization test work, complete pilot plant test work, conduct energy and transmission studies, commence a feasibility study on the Wicheeda project, and continue baseline studies. Proceeds will also be used for operating expenses and general corporate purposes.

The offering is expected to close around October 31, 2025, subject to regulatory approvals. Insiders of the company may participate in the offering, relying on exemptions from certain requirements.

Mark Tory, President and CEO, can be contacted at +1 604-445-8179 or mark@defensemetals.com.

Source: Defense Metals Corp.