{"success":true,"data":{"pressRelease":{"id":"109243","rtpr_id":"nNFC6BVNS5","ticker":"BIG","exchange":"","all_tickers":["BIG"],"title":"Hercules Metals Incoming Management Team to Invest C$4.5 million in Non-Brokered Private Placement","author":"Newsfile Corp","published_at":"2026-08-05T11:00:51.213Z","article_body":"* C$4.5 Million Personal Investment by Incoming Management: In connection with\ntheir recently announced appointments, George Ogilvie and the other members of\nthe former Arizona Sonoran Copper Company Inc. team (collectively, the\n\"Arizona Sonoran Team\") committed to personally invest an aggregate of C$4.5\nmillion in Hercules through a non-brokered private placement, to align their\ninterests with shareholders and demonstrate conviction in the underlying value\nof Leviathan and the Company's new strategic direction. Following the separate\nannouncement of the Arizona Sonoran Team appointments on July 30, 2026\n(https://api.newsfilecorp.com/redirect/N3D8zINpA4), the Company is now\nannouncing its intention to complete a non-brokered private placement to\nfacilitate this investment (the \"New Management Investment\"). The private\nplacement will be subscribed for by all seven members of the incoming Arizona\nSonoran Team, with no finder's fees payable.\nToronto, Ontario--(Newsfile Corp. - August 5, 2026) - Hercules Metals\nCorp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) (\"Hercules\" or the\n\"Company\") is pleased to announce that it intends to complete a non-brokered\nprivate placement, pursuant to which the incoming Arizona Sonoran Team will\nsubscribe for 7,258,066 common shares of the Company at an issue price of\nC$0.62 per common share for aggregate gross proceeds of C$4,500,000.92. The\nissue price represents an approximately 5% premium to the closing price of the\nCompany's common shares on the trading day immediately prior to the\nannouncement of the appointment of the Arizona Sonoran Team.\n\nThe New Management Investment is expected to close on or about September 1,\n2026, subject to approval of the TSX Venture Exchange and the satisfaction of\ncustomary closing conditions.\n\nThe C$4.5 million New Management Investment was committed to by the Arizona\nSonoran Team ahead of their appointments, to provide direct alignment with\nexisting Hercules shareholders ahead of formally assuming management of the\nCompany on September 1, 2026.\n\nLeadership Commentary\n\nGeorge Ogilvie, incoming President and Chief Executive Officer, commented:\n\"Our team committed to investing C$4.5 million of personal capital because we\nbelieve strongly in the scale and quality of Leviathan and the broader\nopportunity at Hercules. This investment reflects the ownership mindset we\nintend to bring to the Company and provides meaningful alignment with our\nfellow shareholders from the outset.\n\n\"We intend to manage Hercules as owners, remain disciplined in the allocation\nof capital and focus our efforts on the programs and initiatives that we\nbelieve can generate the greatest long-term value for shareholders. We are\nexcited to formally assume our roles on September 1, 2026 and begin working\nalongside the existing Hercules team to advance and expand the Leviathan\nporphyry copper system.\"\n\nUse of Proceeds and Closing Terms\n\nThe Company intends to use the net proceeds of the New Management Investment\nto support continued drilling and expansion of the Leviathan porphyry copper\nsystem, exploration of additional porphyry targets, geological and resource\nmodelling, and general working capital and corporate purposes.\n\nThe New Management Investment is expected to close on or about September 1,\n2026, concurrent with the incoming team assuming their respective positions\nwith the Company. Closing remains subject to acceptance by the TSX Venture\nExchange and the satisfaction of customary closing conditions.\n\nAll common shares issued pursuant to the New Management Investment will be\nsubject to a statutory hold period of four months and one day from the closing\ndate in accordance with applicable Canadian securities laws. No finder's fees\nwill be payable in connection with the New Management Investment.\n\nAbout Hercules Metals Corp.\n\nHercules Metals Corp. is a U.S.-focused mineral exploration company advancing\nthe 100%-owned Hercules Project in the heart of America's newest porphyry\ncopper district, in western Idaho.\n\nThe Hercules Project hosts the newly discovered Leviathan porphyry copper\nsystem, one of the most important new discoveries in the country to date.\nLeviathan is a large and growing porphyry copper system discovered by Hercules\nin 2023. The initial discovery hole intersected 185 metres grading 0.84%\ncopper, 111 ppm molybdenum and 2.6 g/t silver, including 45 metres grading\n1.94% copper.\n\nSubsequent drilling has demonstrated mineralization as shallow as 72 meters\ndepth in the eastern portion of the deposit, with a mineralized envelope that\nremains open in multiple directions.\n\nThe Hercules Project forms part of a 73-kilometre copper belt across which the\nCompany controls more than 100,000 acres of prospective mineral rights.\nHercules is conducting systematic definition drilling at Leviathan and\nexploration drilling to identify additional porphyry centres.\n\nHercules' shares trade on the TSX Venture Exchange under the symbol \"BIG,\" on\nthe OTCQB under the symbol \"BADEF\" and in Frankfurt under the symbol \"C0X.\"\n\nFor further information, please contact:\n\nChris Paul\nCEO & Director\n\nTelephone +1 (604) 670-5527\nEmail: chris@herculesmetals.com\n\nMatthieu Bos\nChairman of the Board of Directors\nEmail: mbos@herculesmetals.com\n\nPrivate Placement and United States Securities Law Notice\n\nThis press release does not constitute an offer to sell or a solicitation of\nan offer to buy any securities in any jurisdiction.\n\nThe securities to be issued pursuant to the private placement have not been\nand will not be registered under the United States Securities Act of 1933, as\namended, or applicable state securities laws and may not be offered or sold in\nthe United States or to, or for the account or benefit of, U.S. persons absent\nregistration or an applicable exemption from registration requirements.\n\nCautionary Statements on Forward-Looking Information\n\nThis press release contains certain information that may be deemed\n\"forward-looking information\" with respect to the Company within the meaning\nof applicable securities laws. Such forward-looking information involves known\nand unknown risks, uncertainties and other factors that may cause the\nCompany's actual results, performance or achievements, or developments in the\nindustry to differ materially from the anticipated results, performance or\nachievements expressed or implied by such forward-looking information.\nForward-looking information includes statements that are not historical facts\nand are generally, but not always, identified by the words \"expects,\" \"plans,\"\n\"anticipates,\" \"believes,\" \"intends,\" \"estimates,\" \"projects,\" \"potential\" and\nsimilar expressions, or that events or conditions \"will,\" \"would,\" \"may,\"\n\"could\" or \"should\" occur. Forward-looking information contained in this press\nrelease may include, without limitation, the expectation of closing of the New\nManagement Investment and the use of proceeds; the expectation that the\nArizona Sonoran Team will assume leadership of the Company on or about\nSeptember 1, 2026; the Company's strategic objectives, the execution of future\nexploration programs on the Property; expansion of the Leviathan porphyry\ncopper system, exploration of additional porphyry targets, geological and\nresource modelling, assay results of future drill holes; and the expected\nfinancial performance of the Company.\n\nAlthough the Company believes the forward-looking information contained in\nthis press release is reasonable based on information available on the date\nhereof, by its nature, forward-looking information involves assumptions and\nknown and unknown risks, uncertainties and other factors which may cause our\nactual results, level of activity, performance or achievements, or other\nfuture events, to be materially different from any future results, performance\nor achievements expressed or implied by such forward-looking information.\n\nExamples of such assumptions, risks and uncertainties include, without\nlimitation, assumptions, risks and uncertainties associated with general\neconomic conditions; the Covid-19 pandemic; adverse industry events; the\nreceipt of required regulatory approvals and the timing of such approvals;\nthat the Company maintains good relationships with the communities in which it\noperates or proposes to operate, future legislative and regulatory\ndevelopments in the mining sector; the Company's ability to access sufficient\ncapital from internal and external sources, and/or inability to access\nsufficient capital on favorable terms; mining industry and markets in Canada\nand generally; the ability of the Company to implement its business\nstrategies; competition; the risk that any of the assumptions prove not to be\nvalid or reliable, which could result in delays, or cessation in planned work,\nrisks associated with the interpretation of data, the geology, grade and\ncontinuity of mineral deposits, the possibility that results will not be\nconsistent with the Company's expectations, as well as other assumptions risks\nand uncertainties applicable to mineral exploration and development activities\nand to the Company, including as set forth in the Company's public disclosure\ndocuments filed on the SEDAR+ website at www.sedarplus.ca.\n\nTHE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE\nEXPECTATIONS OF HERCULES METALS AS OF THE DATE OF THIS PRESS RELEASE AND,\nACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE\nUNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS\nINFORMATION AS OF ANY OTHER DATE. WHILE HERCULES METALS MAY ELECT TO, IT DOES\nNOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS\nREQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this press release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/308062","article_body_html":"","raw_payload":{"data":{"id":"nNFC6BVNS5","title":"Hercules Metals Incoming Management Team to Invest C$4.5 million in Non-Brokered Private Placement","author":"Newsfile Corp","ticker":"BIG","created":"2026-08-05T11:00:51.213Z","tickers":["BIG"],"exchange":"","article_body":"* C$4.5 Million Personal Investment by Incoming Management: In connection with\ntheir recently announced appointments, George Ogilvie and the other members of\nthe former Arizona Sonoran Copper Company Inc. team (collectively, the\n\"Arizona Sonoran Team\") committed to personally invest an aggregate of C$4.5\nmillion in Hercules through a non-brokered private placement, to align their\ninterests with shareholders and demonstrate conviction in the underlying value\nof Leviathan and the Company's new strategic direction. Following the separate\nannouncement of the Arizona Sonoran Team appointments on July 30, 2026\n(https://api.newsfilecorp.com/redirect/N3D8zINpA4), the Company is now\nannouncing its intention to complete a non-brokered private placement to\nfacilitate this investment (the \"New Management Investment\"). The private\nplacement will be subscribed for by all seven members of the incoming Arizona\nSonoran Team, with no finder's fees payable.\nToronto, Ontario--(Newsfile Corp. - August 5, 2026) - Hercules Metals\nCorp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) (\"Hercules\" or the\n\"Company\") is pleased to announce that it intends to complete a non-brokered\nprivate placement, pursuant to which the incoming Arizona Sonoran Team will\nsubscribe for 7,258,066 common shares of the Company at an issue price of\nC$0.62 per common share for aggregate gross proceeds of C$4,500,000.92. The\nissue price represents an approximately 5% premium to the closing price of the\nCompany's common shares on the trading day immediately prior to the\nannouncement of the appointment of the Arizona Sonoran Team.\n\nThe New Management Investment is expected to close on or about September 1,\n2026, subject to approval of the TSX Venture Exchange and the satisfaction of\ncustomary closing conditions.\n\nThe C$4.5 million New Management Investment was committed to by the Arizona\nSonoran Team ahead of their appointments, to provide direct alignment with\nexisting Hercules shareholders ahead of formally assuming management of the\nCompany on September 1, 2026.\n\nLeadership Commentary\n\nGeorge Ogilvie, incoming President and Chief Executive Officer, commented:\n\"Our team committed to investing C$4.5 million of personal capital because we\nbelieve strongly in the scale and quality of Leviathan and the broader\nopportunity at Hercules. This investment reflects the ownership mindset we\nintend to bring to the Company and provides meaningful alignment with our\nfellow shareholders from the outset.\n\n\"We intend to manage Hercules as owners, remain disciplined in the allocation\nof capital and focus our efforts on the programs and initiatives that we\nbelieve can generate the greatest long-term value for shareholders. We are\nexcited to formally assume our roles on September 1, 2026 and begin working\nalongside the existing Hercules team to advance and expand the Leviathan\nporphyry copper system.\"\n\nUse of Proceeds and Closing Terms\n\nThe Company intends to use the net proceeds of the New Management Investment\nto support continued drilling and expansion of the Leviathan porphyry copper\nsystem, exploration of additional porphyry targets, geological and resource\nmodelling, and general working capital and corporate purposes.\n\nThe New Management Investment is expected to close on or about September 1,\n2026, concurrent with the incoming team assuming their respective positions\nwith the Company. Closing remains subject to acceptance by the TSX Venture\nExchange and the satisfaction of customary closing conditions.\n\nAll common shares issued pursuant to the New Management Investment will be\nsubject to a statutory hold period of four months and one day from the closing\ndate in accordance with applicable Canadian securities laws. No finder's fees\nwill be payable in connection with the New Management Investment.\n\nAbout Hercules Metals Corp.\n\nHercules Metals Corp. is a U.S.-focused mineral exploration company advancing\nthe 100%-owned Hercules Project in the heart of America's newest porphyry\ncopper district, in western Idaho.\n\nThe Hercules Project hosts the newly discovered Leviathan porphyry copper\nsystem, one of the most important new discoveries in the country to date.\nLeviathan is a large and growing porphyry copper system discovered by Hercules\nin 2023. The initial discovery hole intersected 185 metres grading 0.84%\ncopper, 111 ppm molybdenum and 2.6 g/t silver, including 45 metres grading\n1.94% copper.\n\nSubsequent drilling has demonstrated mineralization as shallow as 72 meters\ndepth in the eastern portion of the deposit, with a mineralized envelope that\nremains open in multiple directions.\n\nThe Hercules Project forms part of a 73-kilometre copper belt across which the\nCompany controls more than 100,000 acres of prospective mineral rights.\nHercules is conducting systematic definition drilling at Leviathan and\nexploration drilling to identify additional porphyry centres.\n\nHercules' shares trade on the TSX Venture Exchange under the symbol \"BIG,\" on\nthe OTCQB under the symbol \"BADEF\" and in Frankfurt under the symbol \"C0X.\"\n\nFor further information, please contact:\n\nChris Paul\nCEO & Director\n\nTelephone +1 (604) 670-5527\nEmail: chris@herculesmetals.com\n\nMatthieu Bos\nChairman of the Board of Directors\nEmail: mbos@herculesmetals.com\n\nPrivate Placement and United States Securities Law Notice\n\nThis press release does not constitute an offer to sell or a solicitation of\nan offer to buy any securities in any jurisdiction.\n\nThe securities to be issued pursuant to the private placement have not been\nand will not be registered under the United States Securities Act of 1933, as\namended, or applicable state securities laws and may not be offered or sold in\nthe United States or to, or for the account or benefit of, U.S. persons absent\nregistration or an applicable exemption from registration requirements.\n\nCautionary Statements on Forward-Looking Information\n\nThis press release contains certain information that may be deemed\n\"forward-looking information\" with respect to the Company within the meaning\nof applicable securities laws. Such forward-looking information involves known\nand unknown risks, uncertainties and other factors that may cause the\nCompany's actual results, performance or achievements, or developments in the\nindustry to differ materially from the anticipated results, performance or\nachievements expressed or implied by such forward-looking information.\nForward-looking information includes statements that are not historical facts\nand are generally, but not always, identified by the words \"expects,\" \"plans,\"\n\"anticipates,\" \"believes,\" \"intends,\" \"estimates,\" \"projects,\" \"potential\" and\nsimilar expressions, or that events or conditions \"will,\" \"would,\" \"may,\"\n\"could\" or \"should\" occur. Forward-looking information contained in this press\nrelease may include, without limitation, the expectation of closing of the New\nManagement Investment and the use of proceeds; the expectation that the\nArizona Sonoran Team will assume leadership of the Company on or about\nSeptember 1, 2026; the Company's strategic objectives, the execution of future\nexploration programs on the Property; expansion of the Leviathan porphyry\ncopper system, exploration of additional porphyry targets, geological and\nresource modelling, assay results of future drill holes; and the expected\nfinancial performance of the Company.\n\nAlthough the Company believes the forward-looking information contained in\nthis press release is reasonable based on information available on the date\nhereof, by its nature, forward-looking information involves assumptions and\nknown and unknown risks, uncertainties and other factors which may cause our\nactual results, level of activity, performance or achievements, or other\nfuture events, to be materially different from any future results, performance\nor achievements expressed or implied by such forward-looking information.\n\nExamples of such assumptions, risks and uncertainties include, without\nlimitation, assumptions, risks and uncertainties associated with general\neconomic conditions; the Covid-19 pandemic; adverse industry events; the\nreceipt of required regulatory approvals and the timing of such approvals;\nthat the Company maintains good relationships with the communities in which it\noperates or proposes to operate, future legislative and regulatory\ndevelopments in the mining sector; the Company's ability to access sufficient\ncapital from internal and external sources, and/or inability to access\nsufficient capital on favorable terms; mining industry and markets in Canada\nand generally; the ability of the Company to implement its business\nstrategies; competition; the risk that any of the assumptions prove not to be\nvalid or reliable, which could result in delays, or cessation in planned work,\nrisks associated with the interpretation of data, the geology, grade and\ncontinuity of mineral deposits, the possibility that results will not be\nconsistent with the Company's expectations, as well as other assumptions risks\nand uncertainties applicable to mineral exploration and development activities\nand to the Company, including as set forth in the Company's public disclosure\ndocuments filed on the SEDAR+ website at www.sedarplus.ca.\n\nTHE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE\nEXPECTATIONS OF HERCULES METALS AS OF THE DATE OF THIS PRESS RELEASE AND,\nACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE\nUNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS\nINFORMATION AS OF ANY OTHER DATE. WHILE HERCULES METALS MAY ELECT TO, IT DOES\nNOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS\nREQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this press release.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/308062"},"type":"article","timestamp":"2026-08-05T11:00:51.27240541Z","server_sent_at_ms":1785927651272},"received_at":"2026-08-05T11:00:51.323Z","source_url":"https://www.newsfilecorp.com/release/308062"},"analysis":{"id":"98246","press_release_id":"109243","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Subject to TSX Venture Exchange approval"],"eventType":"offering","narrative":"Hercules Metals' incoming management team, led by George Ogilvie, committed to investing C$4.5 million in a non-brokered private placement at C$0.62 per share.\n\nThe offering price represents an approximately 5% premium to the closing price prior to the management appointment announcement, with proceeds funding drilling and expansion of the Leviathan project.\n\nThe investment is expected to close around September 1, 2026, subject to TSX Venture Exchange approval.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Incoming management team demonstrates conviction with C$4.5M investment at a premium."},"keyFigures":{"dealValueUsd":4500000,"offeringPrice":0.62,"sharesOffered":7258066,"customDimensions":{"premium_percent":"5%"}},"quotedText":"Our team committed to investing C$4.5 million of personal capital because we believe strongly in the scale and quality of Leviathan and the broader opportunity at Hercules.","namedEntities":{"people":[{"name":"George Ogilvie","role":"incoming President and CEO"},{"name":"Chris Paul","role":"CEO & Director"},{"name":"Matthieu Bos","role":"Chairman of the Board of Directors"}],"products":["Leviathan porphyry copper system","Hercules Project"],"companies":[{"name":"Hercules Metals Corp.","ticker":"BIG"},{"name":"Arizona Sonoran Copper Company Inc.","relationship":"former employer of incoming management team"}],"dollarAmounts":[{"amount":"C$4.5 million","context":"aggregate gross proceeds of private placement"},{"amount":"C$0.62","context":"per share issue price"}]},"materialImpact":{"score":3,"reasoning":"Significant signal of insider alignment with C$4.5M personal investment by the incoming management team at a premium to market, though absolute proceeds are modest for a broader market context."},"tickerRelevance":{"others":[],"primary":"BIG"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":["insider_transaction"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"insider-backed-financing","sectorWeight":"materials"}},"event_type":"offering","event_type_secondary":["insider_transaction"],"sentiment":"bullish","material_impact_score":3,"narrative":"Hercules Metals' incoming management team, led by George Ogilvie, committed to investing C$4.5 million in a non-brokered private placement at C$0.62 per share.\n\nThe offering price represents an approximately 5% premium to the closing price prior to the management appointment announcement, with proceeds funding drilling and expansion of the Leviathan project.\n\nThe investment is expected to close around September 1, 2026, subject to TSX Venture Exchange approval.","key_figures":{"dealValueUsd":4500000,"offeringPrice":0.62,"sharesOffered":7258066,"customDimensions":{"premium_percent":"5%"}},"named_entities":{"people":[{"name":"George Ogilvie","role":"incoming President and CEO"},{"name":"Chris Paul","role":"CEO & Director"},{"name":"Matthieu Bos","role":"Chairman of the Board of Directors"}],"products":["Leviathan porphyry copper system","Hercules Project"],"companies":[{"name":"Hercules Metals Corp.","ticker":"BIG"},{"name":"Arizona Sonoran Copper Company Inc.","relationship":"former employer of incoming management team"}],"dollarAmounts":[{"amount":"C$4.5 million","context":"aggregate gross proceeds of private placement"},{"amount":"C$0.62","context":"per share issue price"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-05T14:01:31.195Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap","eventGravity":"insider-backed-financing","sectorWeight":"materials"}},"durationMs":151428,"modelName":"glm-4.7"}}