Altiplano Metals closes first tranche of financing

Executive Summary

• Altiplano Metals Inc. closed the first tranche of its non‑brokered private placement, raising $1.059 million.
• The tranche comprised 21,194,300 units at $0.05 per unit; each unit includes one common share and a half‑share purchase warrant exercisable at $0.075 until Dec. 19 2027.
• Net proceeds will fund exploration and development of the company’s projects and general working capital, with a second tranche of up to $1.5 million targeted for completion by Jan. 22 2026.

Key Details

• Units sold: 21,194,300 units at C$0.05 per unit.
• Gross proceeds: $1,059,715.
• Unit composition: 1 common share + ½ non‑transferable warrant (exercisable for one additional common share at $0.075).
• Warrant expiry: Dec. 19 2027.
• Use of proceeds: Exploration and development of Altiplano’s projects; general working capital.
• Finders’ fees: None paid in connection with this tranche.
• Hold period: All securities subject to a hold period until April 20, 2026.
• Related‑party participation: Insiders subscribed to the first tranche; transaction qualifies for exemptions under MI 61‑101 as fair market value does not exceed 25 % of market capitalization.
• Future financing: Second tranche of up to $1.5 million expected to close on or before Jan. 22 2026.

Notable Quotes

(No executive quotes provided in the release.)