Total Metals Corp. announces Closing of 2nd and Final Tranches of Flow-Through and Hard Dollar Financings

Executive Summary

• Total Metals Corp. closed the second and final tranche of its non‑brokered private placement “FT Offering,” raising C$293,450.35 in gross proceeds (total FT Offering proceeds now C$5,509,904.35).
• The company also closed the second and final tranche of its “Hard Dollar Offering,” raising C$522,999 in gross proceeds (total Hard Dollar Offering proceeds now C$3,236,499).
• Proceeds will be used to fund flow‑through eligible mining expenditures for the Electrolode, High Lake and West Hawk Lake projects and for working capital/general corporate purposes.

Key Details

• FT Offering – CMFT Units: 40,000 units issued at $1.15 per unit; each unit = 1 common share (critical mineral flow‑through) + ½ CMFT warrant (exercise price $1.15, 36‑month term).
• FT Offering – FT Units: 235,667 units issued at $1.05 per unit; each unit = 1 flow‑through common share + ½ FT warrant (exercise price $1.15, 36‑month term).
• Hard Dollar Offering – Units: 581,110 units issued at C$0.90 per unit; each unit = 1 common share + 1 common share purchase warrant (exercise price C$1.15, 36‑month term).
• Finder Fees & Warrants – FT Offering: Cash finder’s fees of C$13,587.02 paid; 12,940 non‑transferable FT Finder Warrants issued (purchase price C$1.10 per share, 36‑month term).
• Finder Fees & Warrants – Hard Dollar Offering: Cash finder’s fees of C$5,240 paid; 5,822 non‑transferable Finder Warrants issued (purchase price C$0.90 per share, 36‑month term).
• Use of Proceeds – FT Offering: To incur eligible flow‑through critical mineral and general mining expenditures, to be renounced to subscribers by Dec 31 2026 under the Canadian Income Tax Act.
• Use of Proceeds – Hard Dollar Offering: Primarily for working capital and general corporate purposes; also to support advancement of Electrolode, High Lake, and West Hawk Lake projects.
• Regulatory Conditions: Offerings subject to final TSX Venture Exchange approval; securities subject to a statutory hold period expiring April 19 2026.

Notable Quotes

• Tyler Thorburn, President & CEO: “The successful completion of both financing tranches provides us with the capital needed to advance our flagship Electrolode Project and support ongoing exploration at High Lake and West Hawk Lake.”