Northwire Canada EditionSunday, October 18, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Financings

BluMetric Announces Closing of $15 Million Brokered Offering

By The Northwire Desk — AI Analysis Dec 09, 2025 · 09:13 BLM · 1.3 BluMetric Environmental Inc.
BLM · Price

Executive Summary

  • BluMetric Environmental Inc. closed a best‑efforts brokered offering of 11,538,461 common shares at $1.30 per share, raising gross proceeds of $14,999,999.30.
  • Proceeds will fund the cash portion of the previously announced acquisition of DS Consultants Ltd., which has an aggregate purchase price of up to $22,500,000, comprising a $10.5 M cash payment, $7.5 M in newly issued BluMetric shares, and a cash‑based earn‑out of up to $1.5 M per year for three years tied to EBITDA targets.
  • The acquisition is expected to close on December 10, 2025 (or earlier/later by agreement).

Key Details

  • Offering size: 11,538,461 common shares
  • Price per share: $1.30
  • Gross proceeds: $14,999,999.30
  • Lead agents: Clarus Securities Inc. and Raymond James Ltd. (co‑agents & co‑book runners)
  • Agent compensation: Cash fee of $899,999.96 (6.0% of gross proceeds) plus issuance of 692,307 broker warrants (each warrant for one share at $1.30 exercise price, exercisable for 18 months).
  • Use of proceeds: Fund cash portion of DS Consultants acquisition; working capital and general corporate purposes.

Acquisition of DS Consultants Ltd.:
Announcement date: December 1, 2025 (share purchase agreement)
 Total consideration: Up to $22,500,000
* Cash payment at closing: $10,500,000
* Consideration shares: $7,500,000 worth of BluMetric common shares (number based on 30‑day VWAP of TSX‑V price)
* Earn‑out: Cash payments up to $1,500,000 annually for three years, contingent on meeting progressive EBITDA targets ($4 M, $5 M, $6 M).
Closing condition: DS Consultants must retain net assets (assets – liabilities) of at least $4,000,000.
 Expected closing date: December 10, 2025 (or earlier/later by mutual agreement).

Company statements:

“We maintain a disciplined approach to acquisitions… We have structured the purchase price … to include progressive earn‑out payments based on achieving EBITDA targets of $4 M, $5 M and $6 M in the first, second and third annual earn‑out periods…” – Scott MacFabe, CEO

Notable Quotes

  • “Our current pipeline is strong, comprising opportunities that we expect to be accretive to the Company.” – Scott MacFabe, Chair & CEO
  • “We remain committed to focusing on deploying capital into opportunities valued at approximately four to six times EBITDA.” – Scott MacFabe, Chair & CEO
Read the original news release →

More from BluMetric Environmental Inc.

May 27, 2026 · 17:31

BluMetric Revenue Growth Masks Deteriorating Profitability as Cash Burn Accelerates

Earnings Apr 17, 2026 · 07:01

BluMetric Secures Defense Extension Amidst Margin Compression and Dilution Concerns

Other Apr 01, 2026 · 22:01

BluMetric Announces Acquisition of Whitteker Environmental Services to Expand Recurring Water Testing Services

M&A / Property Mar 24, 2026 · 16:20

Blumetric Environmental wins $7.5-million SROD contract

Production / Operations Mar 24, 2026 · 07:01

BluMetric Announces $7.5 Million Mission Ready Water Contract for Shipboard Military Application

Management Mar 09, 2026 · 18:50

Blumetric wins $1.5-million (U.S.) waste water contract

Production / Operations