{"success":true,"data":{"pressRelease":{"id":"131607","rtpr_id":"nNFC1CwMTT","ticker":"BIG","exchange":"","all_tickers":["BIG"],"title":"Hercules Metals Closes C$4.5 Million Non-Brokered Private Placement Led by Incoming Leadership Team","author":"Newsfile Corp","published_at":"2026-08-31T20:30:18.050Z","article_body":"Toronto, Ontario--(Newsfile Corp. - August 31, 2026) - Hercules Metals\nCorp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) (\"Hercules\" or the \"Company\") is\npleased to announce that, further to its news release dated August 5, 2026, it\nhas closed its previously announced non-brokered private placement of\n7,258,066 common shares (each, a \"Common Share\") of the Company at a price of\nC$0.62 per Common Share for aggregate gross proceeds of C$4,500,000.92 (the\n\"Offering\"). The Common Shares issued under the Offering were purchased by the\nformer members of the Arizona Sonoran Copper Company Inc. team who are joining\nthe Hercules team.\n\nHercules intends to use the net proceeds of the Offering to support continued\ndrilling and expansion of the Leviathan porphyry copper system, exploration of\nadditional porphyry targets, geological and resource modelling, and general\nworking capital and corporate purposes.\n\nThe Common Shares issued under the Offering will be subject to a statutory\nhold period under applicable Canadian securities laws expiring four months and\none day from the date of issuance. The Offering is subject to final acceptance\nof the TSX Venture Exchange.\n\nThe securities issued pursuant to the Offering have not been, nor will they\nbe, registered under the United States Securities Act of 1933, as amended (the\n\"U.S. Securities Act\") and may not be offered or sold in the United States or\nto, or for the account or benefit of, U.S. persons absent registration or an\napplicable exemption from the registration requirements. This news release\nshall not constitute an offer to sell or the solicitation of an offer to buy\nsecurities in any jurisdiction, nor shall there be any sale of the securities\nin any jurisdiction in which such offer, solicitation or sale would be\nunlawful. \"United States\" and \"U.S. person\" are as defined in Regulation S\nunder the U.S. Securities Act.\n\nAbout Hercules Metals:\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 metres\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\nTelephone +1 (604) 670-5527\nEmail: chris@herculesmetals.com\n\nMatthieu Bos\nChairman of the Board of Directors\nEmail: mbos@herculesmetals.com\n\nCautionary Note Concerning Forward-Looking Information\n\nThis press release contains forward-looking information within the meaning of\napplicable Canadian securities legislation (\"forward-looking information\").\nGenerally, forward-looking information can be identified by the use of\nforward-looking terminology such as \"plans\", \"expects\" or \"does not expect\",\n\"is expected\", \"budget\", \"scheduled\", \"estimates\", \"forecasts\", \"intends\",\n\"anticipates\" or \"does not anticipate\", or \"believes\", and similar terms and\nphrases, including negative versions thereof, and other similar expressions or\nstatements that certain acts, events or results \"may\", \"could\", \"would\",\n\"might\" or \"will be taken\", \"occur\" or \"be achieved\". All information\ncontained in this press release, other than information of current and\nhistorical fact, is forward-looking information. Forward-looking information\ncontained in this press release may include, without limitation, statements in\nrespect of: the intended use of the net proceeds from the Offering; the\nreceipt of final acceptance of the TSX Venture Exchange; the former members of\nthe Arizona Sonoran Copper Company Inc. management team joining the Hercules\nteam; the Company's plans, prospects and business strategies and strategic\nvision and aspirations, and their achievement and timing; the Company's\nexpectations regarding the results of operations; anticipated exploration and\ndevelopment activities at the Company's projects and the anticipated results\nthereof; and other statements that are not of current or historical fact.\n\nAlthough the Company believes that the forward-looking information is\nreasonable based on information available as of the date hereof,\nforward-looking information is neither historical fact nor assurance of future\nperformance or results. Instead, it is based only on management's current\nreasonable beliefs, expectations and assumptions regarding the Company's\nbusiness, future plans, prospects and strategies, projections, anticipated\nevents and trends, the economy, and other future conditions, relating to,\namong others, the price of precious and base metals and key commodities; that\nno significant event will occur outside of the Company's normal course of\nbusiness and operations (other than as set out herein); anticipated capital\nand operating costs; timing and receipt of governmental, regulatory and third\nparty approvals, consents, licenses and permits and their renewals; the\ngeopolitical, economic, permitting and legal climate that the Company operates\nin; legal and regulatory requirements; positive relations with local groups;\naccess to sufficient infrastructure (including water and power), equipment and\nlabour; and the results, costs and timing of future exploration activities.\nThe foregoing list of assumptions is not exhaustive.\n\nForward-looking information is subject to known and unknown risks,\nuncertainties and other factors that may cause the actual results, performance\nor achievements of the Company to be materially different from those expressed\nor implied by such forward-looking information. Factors that may cause actual\nresults to vary materially from those indicated in the forward-looking\ninformation include, among others, the general business and economic\nconditions; delays in obtaining, or the inability to obtain, third-party\ncontracts, equipment, supplies and governmental or other approvals; changes in\nlaw; accidents; labour disputes; availability of equipment; the costs and\nexpenditures to complete the Company's programs and goals; the speculative\nnature of mineral exploration and development and mining operations in\ngeneral; environmental risks; other factors beyond the Company's control; and\nthose risks discussed or described in the Company's public materials filed on\nSEDAR+ at www.sedarplus.ca from time to time. This list is not exhaustive of\nthe factors that may affect any of the Company's forward-looking information.\n\nForward-looking information is based on the opinions and estimates of\nmanagement as of the date such statements are made. Although the Company has\nattempted to identify important factors that could cause actual results to\ndiffer materially from those contained in forward-looking information, there\nmay be other factors that cause actual results not to be as anticipated,\nestimated or intended. There can be no assurance that such information will\nprove to be accurate, as actual results and future events could differ\nmaterially from those anticipated in such statements. Accordingly, readers\nshould not place undue reliance on forward-looking information. Furthermore,\nnew risks and uncertainties arise from time to time, and it is impossible for\nmanagement to predict those events or how they may affect the Company. Many of\nsuch factors are beyond the Company's ability to predict or control.\n\nThe forward-looking information included in this press release is expressly\nqualified by the foregoing cautionary statements. Except in accordance with\napplicable securities law, the Company disclaims any intention, obligation or\nundertaking to revise or update any forward-looking information whether\nwritten or oral, that may be made from time to time, whether as a result of\nnew information, future developments or otherwise.\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/312268","article_body_html":"","raw_payload":{"data":{"id":"nNFC1CwMTT","title":"Hercules Metals Closes C$4.5 Million Non-Brokered Private Placement Led by Incoming Leadership Team","author":"Newsfile Corp","ticker":"BIG","created":"2026-08-31T20:30:18.050Z","tickers":["BIG"],"exchange":"","article_body":"Toronto, Ontario--(Newsfile Corp. - August 31, 2026) - Hercules Metals\nCorp. (TSXV: BIG) (OTCQB: BADEF) (FSE: C0X) (\"Hercules\" or the \"Company\") is\npleased to announce that, further to its news release dated August 5, 2026, it\nhas closed its previously announced non-brokered private placement of\n7,258,066 common shares (each, a \"Common Share\") of the Company at a price of\nC$0.62 per Common Share for aggregate gross proceeds of C$4,500,000.92 (the\n\"Offering\"). The Common Shares issued under the Offering were purchased by the\nformer members of the Arizona Sonoran Copper Company Inc. team who are joining\nthe Hercules team.\n\nHercules intends to use the net proceeds of the Offering to support continued\ndrilling and expansion of the Leviathan porphyry copper system, exploration of\nadditional porphyry targets, geological and resource modelling, and general\nworking capital and corporate purposes.\n\nThe Common Shares issued under the Offering will be subject to a statutory\nhold period under applicable Canadian securities laws expiring four months and\none day from the date of issuance. The Offering is subject to final acceptance\nof the TSX Venture Exchange.\n\nThe securities issued pursuant to the Offering have not been, nor will they\nbe, registered under the United States Securities Act of 1933, as amended (the\n\"U.S. Securities Act\") and may not be offered or sold in the United States or\nto, or for the account or benefit of, U.S. persons absent registration or an\napplicable exemption from the registration requirements. This news release\nshall not constitute an offer to sell or the solicitation of an offer to buy\nsecurities in any jurisdiction, nor shall there be any sale of the securities\nin any jurisdiction in which such offer, solicitation or sale would be\nunlawful. \"United States\" and \"U.S. person\" are as defined in Regulation S\nunder the U.S. Securities Act.\n\nAbout Hercules Metals:\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 metres\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\nTelephone +1 (604) 670-5527\nEmail: chris@herculesmetals.com\n\nMatthieu Bos\nChairman of the Board of Directors\nEmail: mbos@herculesmetals.com\n\nCautionary Note Concerning Forward-Looking Information\n\nThis press release contains forward-looking information within the meaning of\napplicable Canadian securities legislation (\"forward-looking information\").\nGenerally, forward-looking information can be identified by the use of\nforward-looking terminology such as \"plans\", \"expects\" or \"does not expect\",\n\"is expected\", \"budget\", \"scheduled\", \"estimates\", \"forecasts\", \"intends\",\n\"anticipates\" or \"does not anticipate\", or \"believes\", and similar terms and\nphrases, including negative versions thereof, and other similar expressions or\nstatements that certain acts, events or results \"may\", \"could\", \"would\",\n\"might\" or \"will be taken\", \"occur\" or \"be achieved\". All information\ncontained in this press release, other than information of current and\nhistorical fact, is forward-looking information. Forward-looking information\ncontained in this press release may include, without limitation, statements in\nrespect of: the intended use of the net proceeds from the Offering; the\nreceipt of final acceptance of the TSX Venture Exchange; the former members of\nthe Arizona Sonoran Copper Company Inc. management team joining the Hercules\nteam; the Company's plans, prospects and business strategies and strategic\nvision and aspirations, and their achievement and timing; the Company's\nexpectations regarding the results of operations; anticipated exploration and\ndevelopment activities at the Company's projects and the anticipated results\nthereof; and other statements that are not of current or historical fact.\n\nAlthough the Company believes that the forward-looking information is\nreasonable based on information available as of the date hereof,\nforward-looking information is neither historical fact nor assurance of future\nperformance or results. Instead, it is based only on management's current\nreasonable beliefs, expectations and assumptions regarding the Company's\nbusiness, future plans, prospects and strategies, projections, anticipated\nevents and trends, the economy, and other future conditions, relating to,\namong others, the price of precious and base metals and key commodities; that\nno significant event will occur outside of the Company's normal course of\nbusiness and operations (other than as set out herein); anticipated capital\nand operating costs; timing and receipt of governmental, regulatory and third\nparty approvals, consents, licenses and permits and their renewals; the\ngeopolitical, economic, permitting and legal climate that the Company operates\nin; legal and regulatory requirements; positive relations with local groups;\naccess to sufficient infrastructure (including water and power), equipment and\nlabour; and the results, costs and timing of future exploration activities.\nThe foregoing list of assumptions is not exhaustive.\n\nForward-looking information is subject to known and unknown risks,\nuncertainties and other factors that may cause the actual results, performance\nor achievements of the Company to be materially different from those expressed\nor implied by such forward-looking information. Factors that may cause actual\nresults to vary materially from those indicated in the forward-looking\ninformation include, among others, the general business and economic\nconditions; delays in obtaining, or the inability to obtain, third-party\ncontracts, equipment, supplies and governmental or other approvals; changes in\nlaw; accidents; labour disputes; availability of equipment; the costs and\nexpenditures to complete the Company's programs and goals; the speculative\nnature of mineral exploration and development and mining operations in\ngeneral; environmental risks; other factors beyond the Company's control; and\nthose risks discussed or described in the Company's public materials filed on\nSEDAR+ at www.sedarplus.ca from time to time. This list is not exhaustive of\nthe factors that may affect any of the Company's forward-looking information.\n\nForward-looking information is based on the opinions and estimates of\nmanagement as of the date such statements are made. Although the Company has\nattempted to identify important factors that could cause actual results to\ndiffer materially from those contained in forward-looking information, there\nmay be other factors that cause actual results not to be as anticipated,\nestimated or intended. There can be no assurance that such information will\nprove to be accurate, as actual results and future events could differ\nmaterially from those anticipated in such statements. Accordingly, readers\nshould not place undue reliance on forward-looking information. Furthermore,\nnew risks and uncertainties arise from time to time, and it is impossible for\nmanagement to predict those events or how they may affect the Company. Many of\nsuch factors are beyond the Company's ability to predict or control.\n\nThe forward-looking information included in this press release is expressly\nqualified by the foregoing cautionary statements. Except in accordance with\napplicable securities law, the Company disclaims any intention, obligation or\nundertaking to revise or update any forward-looking information whether\nwritten or oral, that may be made from time to time, whether as a result of\nnew information, future developments or otherwise.\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/312268"},"type":"article","timestamp":"2026-08-31T20:30:18.090346114Z","server_sent_at_ms":1788208218090},"received_at":"2026-08-31T20:30:18.148Z","source_url":"https://www.newsfilecorp.com/release/312268"},"analysis":{"id":"120515","press_release_id":"131607","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"offering","narrative":"Hercules Metals closed a non-brokered private placement, issuing 7,258,066 common shares at C$0.62 per share for aggregate gross proceeds of C$4.5 million.\n\nThe shares were purchased by former members of the Arizona Sonoran Copper Company team who are joining Hercules, signaling confidence from the incoming leadership.\n\nNet proceeds will be used to support continued drilling and expansion of the Leviathan porphyry copper system, exploration of additional targets, and general working capital.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Incoming leadership team backs C$4.5M private placement to fund Leviathan drilling."},"keyFigures":{"customDimensions":{"shares_issued":7258066,"gross_proceeds_cad":"C$4,500,000.92","price_per_share_cad":"C$0.62"}},"quotedText":"","namedEntities":{"people":[{"name":"Chris Paul","role":"CEO & Director"},{"name":"Matthieu Bos","role":"Chairman of the Board of Directors"}],"products":["Common Share","Leviathan porphyry copper system"],"companies":[{"name":"Hercules Metals Corp.","ticker":"BIG"},{"name":"Arizona Sonoran Copper Company Inc.","relationship":"investor / former employer of incoming team"}],"dollarAmounts":[{"amount":"C$4,500,000.92","context":"aggregate gross proceeds of the Offering"},{"amount":"C$0.62","context":"price per Common Share"}]},"materialImpact":{"score":2,"reasoning":"Routine non-brokered private placement financing for an exploration-stage company. The materiality is operational (funding drilling) rather than structural, though the investment by the incoming leadership team is a positive signal."},"tickerRelevance":{"others":[],"primary":"BIG"},"globalImportance":5,"audienceRelevance":8,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"routine_financing","insider_involvement":true}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bullish","material_impact_score":2,"narrative":"Hercules Metals closed a non-brokered private placement, issuing 7,258,066 common shares at C$0.62 per share for aggregate gross proceeds of C$4.5 million.\n\nThe shares were purchased by former members of the Arizona Sonoran Copper Company team who are joining Hercules, signaling confidence from the incoming leadership.\n\nNet proceeds will be used to support continued drilling and expansion of the Leviathan porphyry copper system, exploration of additional targets, and general working capital.","key_figures":{"customDimensions":{"shares_issued":7258066,"gross_proceeds_cad":"C$4,500,000.92","price_per_share_cad":"C$0.62"}},"named_entities":{"people":[{"name":"Chris Paul","role":"CEO & Director"},{"name":"Matthieu Bos","role":"Chairman of the Board of Directors"}],"products":["Common Share","Leviathan porphyry copper system"],"companies":[{"name":"Hercules Metals Corp.","ticker":"BIG"},{"name":"Arizona Sonoran Copper Company Inc.","relationship":"investor / former employer of incoming team"}],"dollarAmounts":[{"amount":"C$4,500,000.92","context":"aggregate gross proceeds of the Offering"},{"amount":"C$0.62","context":"price per Common Share"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-31T21:13:42.952Z","global_importance":5,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap","eventGravity":"routine_financing","insider_involvement":true}},"durationMs":155133,"modelName":"glm-4.7"}}