Ramp Metals Inc. announced a non-brokered private placement of up to 3,846,153 charity flow-through common shares at a price of CAD 0.78 per charity flow-through common share for gross proceeds of up to CAD 2,999,999.34; and up to 2,727,272 common shares at a price of CAD 0.55 per common share for gross proceeds of up to CAD 1,499,999.6; for aggregate gross proceeds of up to CAD 4,499,998.94 on July 17, 2024. The transaction will include participation from new lead investor Eric Sprott. The offering is scheduled to close on or about August 8, 2024.

The closing of the offering is subject to certain conditions, including the approval of the TSX Venture Exchange. Finder's fees may be paid in accordance with TSXV policies. All securities issued in connection with the offering will be subject to a hold period in Canada of four months plus one day.