Miata Metals Announces $10 Million Public Offering

Executive Summary

• Miata Metals Corp. announced a public offering of up to 20,833,500 common shares at $0.48 per share, targeting gross proceeds of approximately $10 million.
• An over‑allotment option allows the agents to sell an additional 3,125,000 shares for up to $1.5 million, exercisable within 30 days after closing.
• Net proceeds are earmarked for exploration work on the Sela Creek Gold Project in Suriname and for general working capital and corporate purposes; closing is expected around December 4, 2025 pending regulatory approvals.

Key Details

• Offering Size: Up to 20,833,500 common shares from treasury.
• Offering Price: $0.48 per share.
• Gross Proceeds Target: Up to $10,000,080.
• Lead Agent: Cormark Securities Inc., acting on a best‑efforts basis for a syndicate of agents.
• Over‑Allotment Option: Up to 3,125,000 additional shares at the same price, potentially generating an extra $1,500,000 in gross proceeds; exercisable within 30 days post‑closing for market stabilization or to cover over‑allotments.
• Use of Proceeds: Primarily for exploration activities on the Sela Creek project (Suriname) and for general working capital/corporate purposes.
• Expected Closing Date: On or about December 4, 2025, subject to CSE and other regulatory approvals.
• Offering Mechanics: Shares to be issued via a short‑form prospectus in all Canadian provinces except Quebec; may be offered in the U.S. on a private‑placement basis under applicable exemptions.

Notable Quotes

(No executive quotes were included in the release.)