Metallic Minerals Closes C$6 Million Brokered Private Placement Financing

Executive Summary

• Metallic Minerals Corp. completed its brokered private placement, raising C$6,000,024 from the sale of 25,000,100 units at C$0.24 per unit.
• Each unit includes one common share and half of a common‑share purchase warrant (full warrant exercisable at C$0.34 up to July 30, 2027).
• Net proceeds will be used to advance the La Plata copper‑silver‑gold‑PGE project in Colorado, explore the Keno Silver project in Yukon, and for working capital/general corporate purposes.

Key Details

• Gross Proceeds: C$6,000,024
• Units Sold: 25,000,100 units at C$0.24 per unit
• Unit Composition: 1 common share + ½ warrant (full warrant exercisable at C$0.34 per share, valid until July 30, 2027)
• Lead Agent: Cormark Securities Inc.; other agents – Canaccord Genuity Corp., SCP Resource Finance LP, Beacon Securities Ltd.
• Use of Proceeds:
• Advance La Plata copper‑silver‑gold‑PGE project (southwestern Colorado, USA)
• Exploration at Keno Silver project and other Yukon properties
• Working capital and general corporate purposes
• Insider Participation: Newmont Corp. (via Newcrest International Pty Ltd.) will exercise its participation rights to maintain pro‑rata ownership; no fees payable to agents for this portion.
• Related Party Transaction: A subsequent non‑brokered private placement is expected for management/insiders, subject to MI 61‑101 exemptions; securities issued will have a hold period of 4 months + 1 day.
• Agent Compensation:
• Cash fees: C$247,530.24 paid to agents
• Broker warrants issued: 1,031,375 non‑transferable warrants (exercisable at C$0.34 per share, same expiry as unit warrants)
• Finder’s Fees: $29,000 paid to external finders (non‑agents).

Notable Quotes

(No direct CEO/President quotes were included in the release.)