Libra Announces Strategic Institutional Financing Led by SIDEX and NQ Mining Investment

Libra Energy Materials Inc. is pleased to announce a strategic private placement of CMETC flow-through common shares for aggregate gross proceeds of $725,000. The Offering is led by Québec-based institutional investors SIDEX limited partnership and NQ Mining Investment. The Offering will consist of 5,000,000 CMETC Shares at a price of $0.145 per CMETC Share. The CMETC Shares issued under the Offering will be subject to a statutory hold period of four months and one day from the closing date. A finder's fee will be payable in cash to certain arm's length finders engaged in connection with the Offering, subject to the approval of the CSE. The gross proceeds will be used to incur "Canadian exploration expenses" that qualify as "flow-through mining expenditures" under the Income Tax Act (Canada) on the Company's Québec projects, including the newly acquired flagship projects Cisco West and Obamska in the Eeyou Istchee James Bay region. The Company will renounce these expenditures to subscribers with an effective date no later than December 31, 2026. The CMETC FT Shares will also qualify for the Canadian government's Critical Mineral Exploration Tax Credit. Closing of the Offering is expected on or about September 29, 2026, and remains subject to customary closing conditions, including receipt of all necessary regulatory approvals of the Canadian Securities Exchange (the "CSE"). No insiders are expected to participate in the Offering.