Carolina Rush-OceanaGold Partnership to Commence Deep Drilling at Brewer in January 2026

(TheNewswire)

December 8, 2025 – TheNewswire - Toronto, ON - TotalMetals Corp. (“TotalMetals” orthe “Company”) (TSX-V:TT) (OTCQB: TTTMF) (FSE: O4N) is pleased toannounce that, further to its news release dated November 25, 2025, ithas closed the first tranche of its non-brokered private placementfinancing (the “Offering”) consistingof Critical Minerals Flow-Through Units (each, a “CMFT Unit”) andNational Flow-Through Units (each, a “FT Unit” and,collectively with the CMFT Units, the “Units”), foraggregate gross proceeds of C$5,216,454.

The Company issued 3,056,481 CMFT Units at a price of$1.15 per CMFT Unit. Each CMFT Unit is comprised of one common shareof the Company (each, a “Common Share”) issued as a flow-throughshare designated as a “critical mineral flow-through share” withinthe meaning of the Income Tax Act (Canada), andone-half of one common share purchase warrant (each, a “CMFT Warrant”).Each whole CMFT Warrant entitles the holder to acquire one CommonShare at a price of $1.15 for a period of 36 months from the date ofissuance.

Additionally, the Company issued 1,620,477 Flow-ThroughUnits at a price of $1.05 per FT Unit.  Each FT Unit is comprised ofone flow-through Common Share issued as a flow-through sharedesignated as a “flow-through share” within the meaning ofthe Income Tax Act (Canada), and one-half of one warrant (each, a“FT Warrant”).  Each whole FT Warrant entitles the holder to acquireone Common Share at $1.15 for 36 months from the date ofissuance.

The gross proceeds from the issuance of the Units willbe used to incur eligible “flow-through critical mineral miningexpenditures,” and “flow-through mining expenditures,”respectively, which will be renounced to subscribers with an effectivedate no later than December 31, 2026, all in accordance with theIncome Tax Act (Canada) and applicable provinciallegislation.

In connection with the Offering, the Company paid acash finder’s fees totaling C$312,987.24 and issued 280,618non-transferable finder warrants (each, a “Finder Warrant”) tocertain eligible arm’s-length finders who introduced subscribers tothe Offering. Each Finder Warrant entitles the holder to purchase oneCommon Share (a “FinderShare”) at a price of C$1.10 per Finder Sharefor a period of 36 months from the date of issuance.

The Company plans to use the net proceeds from theOffering for the advancement of the Company’s wholly ownedElectrolode Project, High Lake and West Hawk Lake Projects. TheOffering is subject to final approval of the TSX Venture Exchange. All securities issued are subject to a statutory hold period of fourmonths and one day, expiring April 6, 2026.

About Total Metals Corp.

Total Metals Corp. is focused on its 100% ownedElectrolode project covering 3,000 contiguous hectares. The Electrolode projectis targeting high-potential mineral resources in three favorablegeologic trends, located near major mines in the Red Lake Gold campand is strategically located between Kinross Gold’s Great BearProject and First Mining Gold’s Springpole Project. The Electrolode projectis fully permitted for exploration drilling and hosts 10 historicmineralized zones with significant expansion potential plus new,untested targets ready for further exploration. Total Metals alsoowns 100% of the HighLake and West Hawk Lake projects located along theTrans-Canada Highway straddling the Manitoba / Ontario border. ThePurex Zone on the HighLake project has significant explorationpotential and will be the primary target for initial exploration andpotential future mining activities. The West Hawk Lake project is comprised of 23 mining claims totalling 336hectares, located within Southeastern Manitoba.

www.totalmetalscorp.com

Cautionary Statements

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in its policies of the TSXVenture Exchange) accepts responsibility for the adequacy of thisrelease.

Tyler Thorburn

President and Chief Executive Officer

info@totalmetalscorp.com

(416) 873-7662

Forward-Looking Information

This press release includes “forward-lookinginformation” that is subject to assumptions, risks anduncertainties, many of which are beyond the control of the Company.Statements in this news release which are not purely historical areforward looking.  Although the Company believes that anyforward-looking statements in this news release are reasonable, therecan be no assurance that any such forward-looking statements willprove to be accurate. The Company cautions readers that allforward-looking statements, are based on assumptions none of which canbe assured and are subject to certain risks and uncertainties thatcould cause actual events or results to differ materially from thoseindicated in the forward-looking statements. Such forward-lookingstatements represent management’s best judgment based on informationcurrently available. Readers are advised to rely on their ownevaluation of such risks and uncertainties and should not place unduereliance on forward-looking statements.

The forward-looking statements and informationcontained in this news release are made as of the date hereof and noundertaking is given to update publicly or revise any forward-lookingstatements or information, whether as a result of new information,future events or otherwise, unless so required by applicablesecurities laws or the TSX-V. The forward-looking statements orinformation contained in this news release are expressly qualified bythis cautionary statement.

Copyright (c) 2025 TheNewswire - All rights reserved.

WASHINGTON (dpa-AFX) - Gold prices inched higher on Monday as the dollar softened on rate cut expectations.

Bullion is also benefiting from data released on Sunday that showed China's central bank added to its reserves for a 13th straight month in November.

Spot gold edged up by 0.3 percent to $4,210.59 per ounce while U.S. gold futures were down 0.2 percent at $4,236.25.

The dollar index hovered near a one-month low after two straight weeks of declines.

This week's U.S. economic calendar remains light, with the delayed JOLTS report, weekly jobless claims figures and the employment cost index likely to be in the spotlight.

The Federal Reserve is widely expected to cut rates by a quarter point on Wednesday and remarks from Fed Chair Jerome Powell at the post-meeting press conference could shed light on the U.S. central bank's plans for 2026.

Besides the Fed rate decision, the Bank of Canada, Swiss National Bank and Reserve Bank of Australia will announce their monetary policy decisions this week.

The auction of $58 billion in three-year notes, $39 billion in 10-year notes and $22 billion in 30-year bonds are slated to begin today, a day earlier than usual to avoid coinciding with the Fed announcement.

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX

Palm oil closed lower, likely dragged by lingering concerns over rising Malaysian inventories amid a seasonal demand slowdown, Kenanga Futures said in a note. Potential profit-taking after a recent rally may have also weighed on CPO prices, it added. Kenanga Futures pegs support and resistance for the February futures contract at 4,080 ringgit a ton and 4,195 ringgit a ton, respectively. The Bursa Malaysia Derivatives contract for February delivery closed 58 ringgit lower at 4,094 ringgit a ton. (amanda.lee@wsj.com)

WASHINGTON (dpa-AFX) - Oil prices dipped on Monday but held near two-week highs after U.S.-Russia talks failed to find a breakthrough.

Investors also expect a Federal Reserve rate cut on Wednesday could help boost economic growth and energy demand.

Benchmark Brent crude futures slipped 0.3 percent to $63.54 a barrel while WTI crude futures were down 0.3 percent at $59.91.

Both benchmarks settled on Friday at their strongest levels since November 18 as geopolitical risks threatened crude supplies from Russia and Venezuela.

As U.S.-Ukraine peace talks stall, U.S. President Donald Trump signaled frustration with Kyiv's response to recent diplomatic outreach.

On Sunday, Trump said, 'I have to say that I'm a little bit disappointed that President Zelensky hasn't yet read the peace proposal' to end the Ukraine-Russia war.

Trump's eldest son suggested that the president would abandon Ukraine if they don't make peace with Russia.

Speaking at the Doha Forum, Donald Trump Jr. claimed Ukraine was 'a far more corrupt country than Russia' and described Ukrainian President Volodymyr Zelensky as 'one of the great marketers of all time.'

Meanwhile, Reuters reported that the Group of Seven countries and the European Union are considering replacing the oil price cap on Russian oil exports with a full ban on maritime services, which would likely further curb supply from the world's second-largest oil producer.

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX

Gold's outlook for 2026 is likely defined by ongoing geoeconomic uncertainty, the World Gold Council says in a research note. Unexpected events, such as Trump's Liberation Day tariffs this year, are impossible to anticipate, they note, adding that the frequency of tail risk events is on the rise. The trade association thinks the forces of softer economic growth, accommodative policy and persistent geopolitical risks could support gold rather than undermine it. Investors will likely maintain some exposure to gold given the unpredictability of current geoeconomic dynamics. "In a world where shocks and surprises are increasingly the norm, gold's capacity to provide diversification and downside protection remains as relevant as ever," it adds. (sherry.qin@wsj.com)

Copper prices extend last week's gains, surging to fresh record highs on fears of global supply shortages. Futures on the London Metal Exchange rise 0.1% to $11,672.50 a metric ton, after reaching $11,771 a ton earlier in the trading session. "Supply shortages continue to spark panic buying," ANZ Research analysts say. A series of unplanned disruptions at major mines this year have strained the market. Meanwhile, further stockpiling in the U.S. due to concerns that the Trump administration could levy refined metal imports next year is raising the risk of shortages in other regions. Prices are also supported by China's pledge to lend more economic support to boost domestic demand, implementing "more proactive" fiscal policy and maintaining a "moderately loose" monetary stance, the analysts say. (giulia.petroni@wsj.com)