Hercules Metals Announces C$23.2 Million Bought Deal Financing and Concurrent Private Placement

Not for distribution to U.S. news wire services or dissemination in the United States.  TORONTO, May 05, 2026 (GLOBE NEWSWIRE) -- Hercules Metals Corp. (TSXV: BIG) (OTCQB: BADEF) (FRA: C0X) (“Hercules Metals” or the “Company”) is pleased to announce that it has entered into an agreement with BMO Capital Markets and SCP Resource Finance as joint bookrunners (the “Underwriters”), under which the Underwriters have agreed to buy on a bought deal basis by way of private placement (pursuant to the Listed Issuer Financing Exemption (as defined below)), 27,861,000 common shares of the Company (the “Common Shares”), at a price of C$0.59 per Common Share (the “Offering Price”) for gross proceeds of approximately C$16.4 million (the “LIFE Offering”).