Vancouver, BC, May 13, 2025 - BCM Resources Corporation (TSX-V: B) (“BCM” or the “Company”), is pleased to announce a non-brokered private placement financing for gross proceeds of up to C$2,575,000 through the issuance of up to 20,600,000 units (“Units”) priced at C$0.125 per Unit. Each Unit is comprised of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to purchase one common share of the Company at a price of C$0.25 for a period of one year from the date of issue.
All the securities issuable will be subject to a four-month hold period from the date of issue. The financing is subject to approval by the TSX Venture Exchange. The Company will not pay any finder’s fees in connection with the Offering.
In connection with the Offering, BCM has granted subscribers certain rights with respect to the Company, including a pre-emptive right to participate in future equity capital raises to maintain their ownership level in BCM, subject to certain conditions, so long as the subscriber’s ownership level in BCM, calculated on a basic basis, is not less than 3.0% of the issued and outstanding common shares of the Company.
Proceeds from the financing will be used for working capital purposes and to continue work led by the Company’s President, Dr. Sergei Diakov, at BCM’s Thompson Knolls (TK) Property. Thompson Knolls is a Porphyry Cu-Au-Mo Discovery project located in West Central Utah, USA.
About Thompson Knolls – Greenfield Porphyry Cu-Au-Mo discovery in Utah
BCM Resources Corporation owns a 100% interest in the TK property, located in west-central Utah, USA. TK is a greenfield discovery by BCM of a blind porphyry Cu-Au-Mo system, situated 210 km southwest of the world-class Bingham Canyon porphyry copper-molybdenum-gold mine of Rio Tinto. The project is located 4 km south of US Highway 6/50 and 34 km east of the Utah border with Nevada. Discovery hole TK1 intersected a porphyry copper mineralized body of quartz monzonite porphyry (QMP) intrusive. Follow-up drilling of 11 drill holes proved that mineralized porphyry within the Devonian age carbonate rocks (limestones and dolomites) also carries substantial copper-gold mineralization in the magnesian garnet-pyroxene skarns surrounding QMP. The best drill hole to date is TK8, which intercepted a 155.4 m interval of mineralized skarn from a depth of 621.8 m to 777.2 m with average grade 0.66% Cu, 0.12 g/t Au, and 7.4 g/t Ag, including a 24.3 m interval containing values greater than 1% Cu.
About BCM Resources Corporation
BCM Resources Corporation is a diversified Canadian mineral exploration company now focused on completing Phase 1 discovery drilling of the Thompson Knolls property, its key asset. BCM also controls prospective Copper, Gold, and Molybdenum exploration projects in British Columbia. BCM is managed by experienced and successful board members and advisors. For further information, including area maps, sections, and photos, please visit our website at www.bcmresources.com or contact us by e-mail at info@bcmresources.com.
ON BEHALF OF BCM RESOURCES CORP.
ON BEHALF OF BCM RESOURCES CORPORATION
"Sergei Diakov"
Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Investor Relations,
Telephone: 1 (604) 646-0144, ext. 222
info@bcmresources.com
www.bcmresources.com
Caution Concerning Forward-Looking Statements:
This news release and related texts and images on BCM’s website contain certain “forward-looking statements” including, but not limited to, statements relating to interpretation of mineralization
potential, drilling and assay results, future exploration work, and the anticipated results of this work. Forward-looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the C ompany’s projects; uncertainties involved in the interpretation of sampling and drilling results and other tests; the possibility that required permits and access agreements may not be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, and; the possibility of cost overruns or unanticipated expenses in these exploration programs.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.