SEC Filing Document

Company: Freedom Metals Acquisition Corp.
Ticker: 
CIK: 2129659
Filing Type: S-1
Document Type: EX-99.1
Date Filed: 2026-05-15
Accession Number: 0001213900-26-057976
Exchange: 
SIC Code: 
SIC Description: 
URL: https://www.sec.gov/Archives/edgar/data/2129659/000121390026057976/ea028864801ex99-1.htm

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matters based on such report. 4. Confirm that the “lead partner,” the “concurring partner” and the other “audit partner” rotation requirements under the Applicable Requirements, including Regulation S-X have been complied with, set clear policies for audit partner rotation in compliance with applicable laws and regulations, and ensure that audit partner compensation is consistent with any applicable SEC rules. 5. Review all reports and communications required to be submitted by the Company’s independent registered public accounting firm to the Committee under Section 10A of the Exchange Act and other Applicable Requirements. least annually, evaluate the performance of the Company’s independent auditor, including the lead audit partner. In making its evaluation, the Committee should take into account the opinions of management and the internal audit group (if any). 7. Review and discuss with the Company’s independent auditor all relationships the auditor has with the Company and evaluate the auditor’s continued independence.

8. Review
and approve the Company’s hiring policies regarding partners, employees and former partners and employees of the Company’s
independent auditor.

With respect to the Company’s
financial statements and other financial reporting:

9. Review
and discuss the Company’s annual audited and quarterly unaudited financial statements with management and the Company’s independent
auditor, including disclosures made in “Management’s Discussion and Analysis of Financial Condition and Results of Operations”
to be included in the Company’s Annual Report on Form 10-K or Quarterly Reports on Form 10-Q.

10. Recommend
to the Board whether the Company’s annual audited financial statements should be included in the Company’s Annual Report on
Form 10-K for filing with the SEC and timely prepare the report required by the SEC to be included in the Company’s annual proxy
statement, if applicable, and any other reports of the Committee required by any Applicable Requirement.

11. Review
and discuss with management and the Company’s independent auditor (a) major issues regarding, or significant changes in, the Company’s
accounting principles and financial statement presentations, (b) analyses prepared by management or the Company’s independent auditor
concerning significant financial reporting issues and judgments made in connection with the preparation of the financial statements, (c)
the effect of regulatory and accounting initiatives, as well as off-balance sheet structures, on the financial statements of the Company,
and (d) the type and presentation of information to be included in earnings press releases (paying particular attention to any use of
“pro forma” or “adjusted” non-GAAP information) and any financial information and earnings guidance provided to
analysts and rating agencies.

12. Prior
to the filing of any audited financial statements with the SEC, review with management and the Company’s independent auditor (a)
all critical accounting policies and practices used by the Company, (b) all alternative accounting treatments of financial information
reported in GAAP related to material items that have been discussed with management, including the ramifications of the use of such alternative
treatments and disclosures and the treatment preferred by the Company’s independent auditor, (c) any reports or communications (and
management’s responses thereto) submitted to the Committee by the Company’s independent auditor in accordance with PCAOB Auditing
Standard No. 16, Communications with Audit Committees, as amended or supplemented, (d) any recommendations of the Company’s independent
auditor made in connection with the Company’s annual audit and (e) any other material written communications between the Company’s
independent auditor and management.

13. Periodically
review separately with each of management, the Company’s independent auditor and the internal audit group (if any) (a) any significant
disagreement between management and the Company’s independent auditor or the internal audit group in connection with the preparation
of the financial statements, (b) any audit problems or difficulties encountered during the course of the audit, including any restrictions
on the scope of work or access to required information, and (c) management’s response to each. The Committee shall discuss with
the independent auditor material issues on which the national office of the independent auditor was consulted by the Company’s audit
team.

14. Periodically
discuss with the Company’s independent auditor, without management being present, (a) their judgment about the quality, integrity
and appropriateness of the Company’s accounting principles and financial disclosure practices as applied in its financial reporting
and (b) the completeness and accuracy of the Company’s financial statements.

15. Review
and discuss with management the Company’s earnings press releases, including the use of non-GAAP financial measures and other “pro
forma” or “adjusted” presentations, as well as financial information and earnings guidance provided to analysts and
rating agencies. Such discussions may be general (consisting of discussing the types of information to be disclosed and the types of presentations
to be made), and each earnings release or each instance in which the Company provides earnings guidance need not be discussed in advance.

16. Review
and discuss with management all material off-balance sheet transactions, arrangements, obligations (including contingent obligations)
and other relationships of the Company with unconsolidated entities or other persons.

17. Review
and approve the Company’s decision to enter into swaps and other derivatives transactions that are exempt from exchange-execution
and clearing under “end-user exception” regulations established by the Commodity Futures Trading Commission; and review and
approve the Company’s policies governing the Company’s use of swaps and other derivatives transactions subject to the end-user
exception.

18. Review
and discuss with management and the internal audit group (if any) the Company’s major financial risk exposures and management’s
risk assessment and risk management policies.

With respect to the internal
audit function (but only to the extent an internal audit function exists), and with respect to internal controls:

19. Review,
based on the recommendation of the Company’s independent auditor and the person responsible for the Company’s internal audit
group, the scope and plan of the work to be done by the internal audit group and the responsibilities, budget, audit plan, activities,
organizational structure and staffing of the internal audit group as needed.

20. Receive
reports from the internal audit group on the status of significant findings and recommendations, and management’s responses.

21. Review
on an annual basis the performance of the internal audit group.

consultation with the Company’s management, independent auditor and the internal audit group, review the adequacy of the Company’s
internal controls, disclosure processes and its procedures designed to ensure compliance with laws and regulations, and any special audit
steps adopted in light of material control deficiencies or significant weaknesses in internal controls.

23. Review,
at least annually, (a) the internal control report prepared by management, including management’s assessment of the effectiveness
of the Company’s internal control over financial reporting and (b) the Company’s independent auditor’s attestation,
and report, on the assessment made by management, in each case, as and when required by Section 404 of the Sarbanes-Oxley Act of 2002.
Discuss with management, the internal audit group and the independent auditor any changes in internal control over financial reporting
disclosed or considered for disclosure in the Company’s periodic filings with the SEC.

24. Review
with management and the Company’s independent auditor any reports or disclosure submitted by management to the Committee as contemplated
by the certifications required under Section 302 of the Sarbanes-Oxley Act of 2002.

25. Review
with management any management letters and the steps management intends to take to address the issues raised by those letters.

With respect to the Company’s
compliance programs:

26. Monitor
compliance with the Company’s Code of Business Conduct and Ethics, and oversee, review and discuss with management, at least annually,
the implementation and effectiveness of the Company’s compliance and ethics programs. Review and take appropriate action with respect
to any reports to the Committee from legal counsel for the Company concerning any material violation of securities law or breach of fiduciary
duty or similar violation by the Company, its subsidiaries or any person acting on their behalf. As appropriate, the Committee shall report
and make recommendations to the Board with respect to these matters.

27. Establish
procedures for (a) the receipt, retention and treatment of complaints received by the Company regarding accounting, internal accounting
controls or auditing matters and (b) the confidential, anonymous submission by employees of the Company or any subsidiary or affiliate
of the Company whose financial information is included in the Company’s financial statements of concerns regarding questionable
accounting or auditing matters.

28. Review
and approve (a) any amendment to or waiver from the Company’s Code of Business Conduct and Ethics for the chief executive officer
and senior financial officers and (b) any public disclosure made regarding such change or waiver and advise the Board with respect to
the Company’s policies and procedures regarding compliance with the Company’s Code of Business Conduct and Ethics.