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To: Goose94 who wrote (116751)	4/4/2022 8:39:39 AM
From: Goose94	Read Replies (1) \| Respond to of 203664

Envirometal Technologies (ETI-Cse) Closes Second Tranche of Increased Non-brokered PP for Total Proceeds of $3.541 Million April 4th 2022 - NR EnviroMetal Technologies, is pleased to announce that further to its news release dated February 23, 2022, the Company has completed the second and final tranche of its non-brokered private placement (the "Offering") by issuing 1,136,456 units ("Unit") at a price of $0.25 per Unit for total gross proceeds of $284,114. In total, the Company received subscriptions for 14,162,456 Units for gross proceeds of $3,540,614. Second Tranche Terms Each Unit consists of one common share in the capital of the Company and one common share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one common share in the capital of the Company at a price of $0.50 at any time prior to 5:00 pm PST on March 31, 2024. The expiry date of the Warrants is subject to acceleration as follows: if at any time after July 30, 2022, the closing price (or closing bid price on days when there are no trades) of the common shares on the Canadian Securities Exchange exceeds $1.50 for 15 consecutive trading days, then the Corporation may send Warrant holders notice of acceleration of the expiry date ("Amended Expiry Date") and issue a news release announcing the Amended Expiry Date. The Amended Expiry Date will be no less than 30 days after the date of the news release, which will also be indicated in the notice sent to the Warrant holders. The securities issued in connection with the second tranche of the Offering are subject to a hold period under Canadian securities legislation which will expire on July 31, 2022. The Company paid $16,375 in cash finders' fees and issued 65,500 finder's warrants ("Finder's Warrant") in connection with the second tranche of the Offering. Each Finder's Warrant entitles the holder to purchase one common share at a price of $0.50 until March 31, 2024. In total, the Company paid $59,455 in finders' fees and issued 237,800 Finder's Warrants in connection with the Offering. The proceeds of the Private Placement will be used for the acquisition of feedstock for EnviroMetal's printed circuit board assembly processing facility, advanced mineral processing plant development, continued business development, and general working capital. The completion of this private placement remains subject to final acceptance by the Canadian Securities Exchange. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. About EnviroMetal Technologies Inc. EnviroMetal Technologies is engaged in the development and commercialization of environmentally friendly formulas and technologies for the treatment of materials in the primary and secondary metals industries. Using its proprietary non-cyanide, water-based, neutral pH treatment process EnviroMetal extracts precious and non-precious metals from ores, concentrates, and electronic waste ("E-Waste"). Backed by the momentum of a first-class staff of scientists and engineers, a myriad of individual tests and assays, independent validations, and tens of thousands of hours in research and development, EnviroMetal's technology is emerging as a potential new eco-friendly standard for the hydrometallurgical extraction of precious metals in both the mining and E-Waste industries. For more information please visit: envirometal.com Contact Information: Jason Leikam VP Business Development EnviroMetal Technologies Inc. info@Envirometal.com (604) 428-2400 x 104 SOURCE: EnviroMetal Technologies Inc.