VIENNA, Austria – March 2, 2026 – Ekometall Inc. (“Ekometall” or the “Company”) today announced the completion of its February 2026 private placement financing, raising total gross proceeds of US$1,251,115.60 through the issuance of 290,959 shares of Common Stock at a price of US$4.30 per share.
The Offering follows the successful completion of the Company’s initial de-risking phase, which was funded through proceeds from Ekometall’s summer 2025 financing. Key milestones achieved during this phase include the acquisition of over 9,600 km² of exploration licenses, the permitting and execution of a maiden drill program at the Tessenberg legacy target in East Tyrol, and the launch of the Company’s comprehensive historical data digitization program.
“We are pleased to close this financing on schedule with strong support from both existing and new shareholders,” said Ryan Finlay, CEO. “With our de-risking milestones now behind us, this capital positions Ekometall to unlock the full potential of our district-scale land package — systematically converting over five centuries of archived geological data into a pipeline of drill-ready targets across Austria’s most prospective mining districts.”
Proceeds from the Offering will be directed toward: completion of the Company’s historical data digitization and deposit inventory program; initial target generation and field verification; expansion of the Company’s digital communications partnership with VRIFY; additional exploration license acquisitions to extend the Company’s district-scale land position; and general working capital purposes.
About Ekometall
Ekometall is an emerging critical minerals exploration company focused on unlocking Austria’s significant precious and base metal potential across the country’s historic mining districts. The company has assembled a specialized, Austria-based technical team that applies AI-assisted analysis to digitize and interpret over five centuries of previously inaccessible geological records, transforming archival data into actionable exploration targets.
With a dominant first-mover land position approaching 10,000 km² and a demonstrated ability to efficiently permit and execute drilling programs, Ekometall offers global mining partners a compelling entry point into a favorable European jurisdiction. The company’s combination of local expertise, modern exploration methods, and extensive mineral tenure establishes Ekometall as the essential gateway for accessing the critical raw materials vital to Europe’s energy transition and industrial future.
For more information, visit https://emexploration.com.
Contact
For more information on Ekometall’s projects or for investor relations inquiries, please contact:
Ryan Finlay
Managing Director & CEO
r.finlay@emexploration.at
+1 703.229.2312
