Torr Metals arranges $2.8-million private placement

Executive Summary

• Torr Metals Inc. announced a non‑brokered private placement of up to $2.8 million in flow‑through (FT), charity FT, and non‑flow‑through (NFT) units.
• Units are priced at C$0.17 (FT), C$0.208 (charity FT) and C$0.13 (NFT); each includes a half‑share purchase warrant with exercise prices of $0.25 (FT) or $0.21 (charity / NFT).
• Proceeds will fund eligible Canadian exploration expenses on the 275‑km² Kolos copper‑gold project and the optioned 57‑km² Bertha property, with any excess used for general working capital.

Key Details

• Units Offered:
• Up to 1,176,471 FT units @ C$0.17 per unit
• Up to 11,538,462 charity FT units @ C$0.208 per unit
• Up to 1,538,462 NFT units @ C$0.13 per unit
• Aggregate Gross Proceeds: Up to US $2.8 million.
• Warrant Structure: Each unit includes one‑half of a common share purchase warrant; FT warrants exercisable at $0.25/share, charity / NFT warrants at $0.21/share, both with a 24‑month expiry from closing.
• Anti‑Dilution Provision: Warrants expire early if the common‑share price exceeds C$0.35 for ten consecutive trading days.
• Use of Proceeds:
• Eligible flow‑through exploration expenses on Kolos (275 km²) and Bertha (57 km²) projects in British Columbia, to be incurred by Dec 31 2026 and renounced to subscribers by Dec 31 2025 for an amount ≥ gross proceeds from FT and charity FT units.
• Net proceeds allocated to general working capital.
• Closing Timeline: Offering expected to close on or before Oct 16 2025; securities subject to a four‑month‑plus‑one‑day hold period.
• Facilitation: Charity FT units facilitated by PearTree Securities Inc., which receives no fees/commissions.
• Regulatory Conditions: Subject to TSX Venture Exchange approval and other customary closing conditions.

Notable Quotes

(No executive quotes were provided in the release.)