Equity Metals Closes Non-Brokered Charity/Premium Flow-Through Private Placement
Equity Metals Solidifies Balance Sheet with $4.6M Raise as Arlington Ownership Hits 100% Milestone
The most recent news release on December 18, 2025, confirms the closing of a non-brokered charity/premium flow-through private placement for gross proceeds of $4,600,000. The company issued 20,000,000 units at a price of $0.23 per unit. Each unit consists of one flow-through common share and one-half of one non-flow-through purchase warrant, exercisable at $0.40 for 36 months. Additionally, the company announced it has completed the final option payment to earn a 100% interest in the Arlington property.
This news is materially positive for two primary reasons: - Capital Injection: The $4,600,000 raise provides the necessary runway to fund the anticipated 2026 exploration programs at Silver Queen and Arlington without immediate liquidity concerns. Although the $0.23 issuance price is a significant discount to the mid-December trading price of $0.34, the use of "Charity/Premium" flow-through typically allows companies to raise larger amounts with less share dilution than standard placements. - Asset Consolidation: Achieving 100% ownership of the Arlington property removes the "earn-in" risk and simplifies the corporate structure. While a 2% NSR remains, the company’s right to buy back 1% for $1,000,000 provides a clear path to reducing future royalty burdens. - Resource Continuity: This financing follows a string of successful drill results (SQ25-160, SQ25-164) that extended the No. 3 Vein at Silver Queen. The funding ensures these results can be integrated into the upcoming Mineral Resource Estimate (MRE) update.
Equity Metals is focused on the Silver Queen Au-Ag-Zn project in central British Columbia. The project features over 20 identified epithermal veins. The No. 3 Vein is the flagship deposit, currently accounting for 65% of the modelled resource. Recent 2024 and 2025 drilling has consistently extended this mineralization laterally by 400-650 meters and to depths of 450 meters, suggesting the upcoming resource update will show significant growth.