ROVER ANNOUNCES SECOND AND FINAL CLOSING OF ITS $0.15 UNIT FINANCING
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S.
Vancouver, British Columbia – (July 18, 2025) – Rover Critical Minerals Corp. (TSXV: ROVR) (“Rover” or the “Company”) is pleased to announce that, further to its June 18, 2025 and July 9, 2025 news releases, it has received approval from the TSX Venture Exchange to close its $0.15 Unit Financing.
The company has raised an additional $174,398.05 under a second and final closing of the financing, and has issued 1,162,654 units (the “Units”), with each Unit being comprised of one common share and one half (1/2) of a common share purchase warrant (the “Warrants”), each Warrant having an exercise price of $0.20 per warrant share, expiring 2 years from the date of issue.
The company has raised a total of $387,548.10 under both closings of this financing, issuing a total of 2,583,654 Units.
Two (2) insiders subscribed to the Financing for $190,398.15 or 1,269,321 Units, that portion of the Financing a “related party transaction” as such term is defined under MI 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company’s market capitalization
The Company has paid finder’s fees of $420.00 and has issued 2,800 non-transferable broker warrants in connection with the financing. The broker warrants have an exercise price of $0.20 and a life of two years.
All securities issued pursuant to the Financing bear a four month plus one day restrictive legend.
Use of Proceeds
The proceeds from this financing will be used for working capital for general and administrative expenses, including existing mineral property purchase option agreements.
Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR. The Company has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical mineral projects include lithium. Its precious metals projects include gold.
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-critical-minerals/mycompany/?viewAsMember=true
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for corporate videos.
Website: https://www.rovercriticalminerals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Nasim Tyab”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2855
Statement Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause Rover's actual results, performance, achievements, or developments in the industry to differ materially from the anticipated results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.