Lodestar Metals Raises $500,000, Consolidates Shares, Adds Directors

Lodestar Metals Corp., a junior exploration company, announced on September 29, 2025, plans to raise up to $500,000 through a private placement. The company also plans to consolidate its shares and has appointed new members to its leadership team.

The company intends to raise funds by issuing up to 6,666,666 consolidated units priced at C$0.075 each. Each unit will comprise one common share and one-half of a share purchase warrant. Proceeds are earmarked for exploration and drilling at the Goldrun Project in Nevada, along with working capital. The private placement requires acceptance from the TSX Venture Exchange.

The decision to consolidate the company's shares, on a two-for-one basis, aims to improve its capital structure and enhance investor interest. Lodestar Metals currently has 47,336,500 issued and outstanding shares, which will be reduced to 23,668,250 post-consolidation. Shareholder approval is not required for this consolidation.

Furthermore, Lodestar Metals is strengthening its leadership by appointing Randene Seeman as a new Director and Doug Engdahl as a Strategic Advisor. Seeman brings over 25 years of experience in the mining and resource sector, while Engdahl is a professional geologist. These additions are expected to bring further expertise and depth to the company's management.