IDEX Metals Announces Closing of Non-Brokered Private Placement of Units

Executive Summary

• IDEX Metals Corp. closed its non‑brokered private placement, issuing 8,867,099 units at $0.60 per unit for gross proceeds of approximately $5.32 million.
• Each unit includes one common share and half a warrant; each whole warrant allows purchase of an additional share at $0.90 for 24 months.
• Proceeds will be used to fund exploration of Idaho mineral properties and general working capital.

Key Details

• Units Issued: 8,867,099 units @ $0.60 per unit → $5,320,259 gross proceeds.
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant (full warrant = right to buy one share at $0.90).
• Warrant Terms: Exercise price $0.90 per share; exercisable for 24 months from issuance.
• Finder’s Fees: $204,418.20 paid; 511,030 finder’s warrants issued (exercise price $0.60, same 24‑month term).
• Use of Proceeds: Exploration activities on Idaho mineral properties and general working capital.
• Statutory Hold Period: All securities subject to a four‑month plus one day hold period under Canadian law.
• Regulatory Status: Offering pending final TSX Venture Exchange approval; not registered in the U.S.

Notable Quotes

“We’re fired up to keep the drills turning longer, and to push our exploration even further. The strong demand we’ve seen for this financing — and the addition of a new strategic shareholder — gives us the horsepower we need to stay aggressive on the ground.” – Clayton Fisher, CEO & Director, IDEX Metals Corp.