Pampa Metals Upsizes Private Placement Offering to $6 Million

Vancouver, British Columbia — July 4, 2025 — NewsWall — Pampa Metals Corp. has announced an upsize to its previously announced non-brokered private placement offering to 37,500,000 shares at a price of $0.16 per share, for gross proceeds of $6,000,000.

The offering has been upsized to partially fill demand from specialist resources funds and is being made pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106- Prospectus Exemptions, in each of the Provinces of Canada except Quebec. The shares offered will not be subject to a Canadian hold period.

The company intends to use the net proceeds of the offering to fund exploration drilling at the Cobrasco copper porphyry discovery in Colombia, preparatory work for the upcoming field season at the Piuquenes copper-gold discovery in Argentina, and working capital and general corporate purposes, as more specifically described in the Amended Offering Document, subject to completion of the previously announced acquisition of Rugby Resources Ltd.

Completion of the acquisition of Rugby is expected to occur shortly after the special meeting of Rugby shareholders to be held on 16 July 2025 to approve the Plan of Arrangement for its acquisition by Pampa Metals.

Canaccord Genuity Corp. has been appointed as financial advisor to the Company in connection with the LIFE offering and will receive an advisory fee equal to 1% of the total gross proceeds raised pursuant to the LIFE offering. In connection with the LIFE offering, the Company may pay finder’s fees of up to 5% cash and 5% finder’s warrants. Finder’s warrants will have an exercise price of $0.30 and a 2-year term.

The Offering is not subject to closing the acquisition of Rugby Resources Ltd and remains subject to certain conditions customary for transactions of this nature, including, but not limited to, compliance with CSE policies. It is anticipated that the upsized Offering will close on or before July 22, 2025.

The securities to be offered pursuant to the LIFE Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

Contact:
Joseph van den Elsen | President & CEO | Joseph@pampametals.com
Jordan Webster | jordan@pampametals.com

Source: Pampa Metals Corp.