VANCOUVER, British Columbia — January 19, 2026 — Leads & Copy — Coniagas Battery Metals Inc. (TSX-V: COS) has applied to the TSX Venture Exchange to reprice and extend the term of 3,250,000 common share purchase warrants of the Company.
The Warrants currently have an exercise price of $0.40 per share and are set to expire as to 1,470,000 on January 19, 2026, 1,428,000 on January 26, 2026, and 352,000 on March 18, 2026.
The Company proposes to extend the expiry dates of the Warrants until January 19, 2029, subject to acceleration, and amend the exercise price of the Warrants to $0.15 per share.
The Warrants will be amended to include an accelerated expiry clause such that the exercise period of the Warrants will be reduced to 30 days if, for any ten consecutive trading days during the unexpired term of the Warrant (the “Premium Trading Days”), the closing trading price of the Company’s common shares is equal to or greater than $0.1875. The reduced exercise period of 30 days will begin no more than 7 business days after the tenth Premium Trading Day, in accordance with Exchange policy.
Company directors, officers and Control Persons (as defined under applicable Exchange policy) beneficially own less than 10% of the total number of Warrants to be repriced in the aggregate. The proposed amendments to reprice and extend the expiry date of the Warrants is subject to the approval of the Exchange and the consent of the holders of the Warrants.
Coniagas Battery Metals Inc. is a Canadian junior mining company focused on nickel, copper and cobalt and platinum group metals in Québec. Coniagas’ strategy is to create value for shareholders through the development of its mineral properties, with the intention to develop Coniagas into a critical metals supplier to the electric vehicle (EV) market.
At its 100% owned Graal project near Saguenay, Quebec, Coniagas has conducted successful exploration involving geophysics as well as shallow drilling that hit mineralization in almost every hole. It has confirmed an open-pit deposit model at Graal along a 6 km strike length of high-grade nickel and copper with cobalt, platinum and palladium byproducts. The Company plans in the near-term to conduct additional drilling leading to the production of a Ni 43-101 resource report, metallurgical testing and consultations with First Nations.
The Graal project and immediate work plan are outlined in detail in the “NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada” dated January 17, 2024. The report is available along with other information at the Company’s website.
Frank J. Basa, P. Eng. Member of Professional Engineers Ontario Chief Executive Officer
Contact:
Frank J. Basa, P. Eng. Ontario Chief Executive Officer
416-625-2342
Wayne Cheveldayoff, Corporate Communications P: 416-710-2410 E: waynecheveldayoff@gmail.com
You can follow Coniagas on Social Media:
LinkedIn: https://www.linkedin.com/company/coniagas-battery-metals/
X (Twitter): https://twitter.com/coniagasmetals
Facebook: https://www.facebook.com/coniagas/
Source: Coniagas Battery Metals Inc.
