Irruptive Metals closes C$60 million bought-deal placement

Toronto, Ontario--(Newsfile Corp. - September 10, 2026) - Irruptive Metals Corp. (TSXV: IRR) (the " Company " or " Irruptive Metals ") is pleased to announce that it has closed its previously-announced "bought deal" brokered private placement offering (the " Offering ") for aggregate gross proceeds of C$60 million, including the exercise in full of the option granted to the Underwriters (as defined herein). In connection with the Offering, the Company issued an aggregate of 48 million units of the Company (the " Units ") at a price of C$1.25 per Unit (the " Offering Price ").

Each Unit is comprised of one common share of the Company (each, a " Common Share ") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a " Warrant "). Each Warrant entitles the holder thereof to acquire one Common Share (each, a " Warrant Share ") at a price of C$1.65 per Warrant Share for a period of 24 months following the closing date of the Offering.

"The closing of this $60 million financing represents a significant vote of confidence in Irruptive Metals and the substantial copper-gold potential of our Pimentón Project," said Alfredo Bazo, President and CEO of Irruptive Metals . "With our recent drill results demonstrating geological continuity and strong mineralization at the Central target, we are now well-funded to accelerate our exploration program. These proceeds will enable us to advance Pimentón toward resource definition and unlock the full value of this high-quality asset in one of the world's most prolific porphyry copper-gold belts. We are thrilled to have the funding and investor confidence to execute on our exploration strategy!"

The Offering was led by Canaccord Genuity Corp. as sole bookrunner and lead underwriter, together with Haywood Securities Inc. and Velocity Trade Capital Ltd. (collectively, the " Underwriters "). In consideration for their services, the Underwriters were paid a cash fee equal to C$3,510,000. The Company also issued an aggregate of 2,880,000 non-transferable broker warrants (the " Broker Warrants ") to the Underwriters. Each Broker Warrant is exercisable to acquire one Common Share at the Offering Price for a period of 24 months from the closing date of the Offering.

The net proceeds received from the Offering will be used to advance the Company's Pimentón Project, as well as for working capital and general corporate purposes.

All securities issued under the Offering are subject to a hold period in Canada of four months and one day from the closing date of the Offering, expiring January 11, 2027. The Offering remains subject to final acceptance of the TSX Venture Exchange (the " Exchange ").

Certain insiders of the Company (collectively, the " Participating Insiders ") subscribed for an aggregate of 6,071,995 Units for aggregate gross proceeds of C$7,589,993.75, comprising (i) 181,995 Units (C$227,493.75) subscribed for by Alfredo Bazo, the Company's President, Chief Executive Officer and a director, (ii) 440,000 Units (C$550,000) subscribed for by [Thomas Bata], a 10% security holder of the Company, and (iii) 5,450,000 Units (C$6,812,500) subscribed for by Mercedes Juliana Benavides Ganoza de Vizquerra] a 10% security holder of the Company. The Participating Insiders are each considered an "insider" of the Company within the meaning of applicable securities legislation and, as a result, their participation in the Offering constitutes a "related party transaction" (each, an " Insider Subscription ") for the purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). In completing each Insider Subscription, the Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. Specifically, the Company is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on Section 5.5(a) of MI 61-101 as the fair market value of the Insider Subscriptions is not more than 25% of the Company's market capitalization. Additionally, the Company is exempt from the minority shareholder approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(1)(a) of MI 61-101 as the fair market value of the Insider Subscriptions is not more than 25% of the Company's market capitalization.