Molten Metals Corp. Announces Flow-Through Financing

Executive Summary

• Molten Metals Corp. announced a non‑brokered private placement of up to 600,000 flow‑through units (FT Units) for aggregate gross proceeds of up to $300,000 at $0.50 per unit.
• Each FT Unit consists of one common share (flow‑through share) and half of a common‑share purchase warrant; warrants allow purchase of additional shares at $0.60 for 24 months.
• Proceeds will be used to incur eligible Canadian exploration expenses that qualify as flow‑through mining expenditures, with the tax benefits to be renounced to subscribers by Dec 31 2025.

Key Details

• Offering Size: Up to 600,000 FT Units (gross proceeds up to $300,000).
• Price per Unit: $0.50.
• Unit Composition:
• 1 common share issued on a flow‑through basis.
• ½ of one common‑share purchase warrant (each whole warrant permits purchase of 1 additional common share at $0.60).
• Warrant Terms: Exercise price $0.60 per share; exercisable for 24 months from issuance.
• Finder Compensation: Up to 7% cash finder's fee on gross proceeds plus finder’s warrants equal to 7% of FT Units sold, with the same exercise terms as the primary warrants.
• Use of Proceeds: To incur eligible Canadian exploration expenses that qualify as flow‑through mining expenditures; tax benefits to be renounced to subscribers no later than Dec 31 2025.
• Regulatory Conditions: Closing subject to required regulatory approvals, including CSE approval.
• Statutory Hold Period: Securities subject to a hold period of four months and one day under Canadian securities law.
• U.S. Offering Restrictions: Units not registered under the U.S. Securities Act; cannot be offered or sold in the United States or to U.S. persons absent exemption or registration.

Notable Quotes

(No direct quotes were provided in the release.)