Metals Creek Resources Corp. Announces Flow-Through Private Placement Financing

On December 17, 2025, Metals Creek Resources Corp. announced a proposed non-brokered private placement to raise up to $200,000. The financing consists of up to 5,000,000 flow-through (FT) units at a price of $0.04 per unit. Each FT unit includes one flow-through common share and one-half of a non-flow-through common share purchase warrant. Each full warrant allows the holder to purchase one common share at an exercise price of $0.06 for 24 months. The closing of this financing is subject to the approval of the TSX Venture Exchange.

The announcement of a new $200,000 flow-through financing is a routine and neutral event for a junior Canadian exploration company, particularly at year-end when such financing structures are common for tax purposes.

This news comes just one week after the company announced the final closing of a separate, larger private placement on December 10, 2025, which raised approximately $926,000. That successful financing resolved the company's precarious cash position, which saw it with a working capital deficit of over $93,000 as of September 30, 2025.

Therefore, this new financing should not be viewed as a sign of financial distress. Instead, it is a strategic top-up to the exploration budget, utilizing the tax-advantaged flow-through mechanism to fund Canadian exploration expenditures in 2026. The offering price of $0.04 is in line with the previous financing and represents a premium to the recent closing price of $0.03.

The potential dilution is minimal, at approximately 2.3% on a non-diluted basis. While any financing is dilutive, this is a standard part of the business model for an exploration company. The impact is neutral as it provides additional, dedicated exploration capital at reasonable terms without signaling any operational or financial problems.

Metals Creek Resources Corp. is a Canadian-based junior mineral exploration company with a portfolio of projects primarily in Ontario and Newfoundland. The company operates a hybrid prospect generator model, focusing on advancing its core assets while optioning out other properties to partners to reduce dilution and spread exploration risk.

The company's two flagship projects are: 1. Ogden Gold Project: Located in the Timmins Gold Camp, Ontario, this project is a 50/50 joint venture with Discovery Silver Corp., with Metals Creek as the operator. It covers 8 km of the prolific Porcupine-Destor Break. Recent work has focused on the Naybob West Zone, a new discovery with high-grade surface samples west of a past-producing mine. 2. Tillex Copper Project: Located near Timmins, Ontario, this project has a historical (non-43-101 compliant) resource. Drilling by Metals Creek in 2025 returned significant, high-grade copper and silver intercepts over wide intervals, demonstrating the project's potential.