Northwire Canada EditionThursday, November 12, 2026
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Financings

C3 Metals increases financing to $24.34-million

By The Northwire Desk — AI Analysis Jan 22, 2026 · 21:02 CCCM · 1.29 C3 Metals Inc.
CCCM · Price

Executive Summary

  • C3 Metals Inc. has upsized its previously announced bought deal private placement to raise gross proceeds of $24,348,280, driven by investor demand.
  • The offering consists of 22,134,800 common shares issued at $1.10 per share, with an additional option for the underwriters to purchase up to 3.32 million shares for up to $3,652,220 in additional gross proceeds.
  • Net proceeds will be allocated to exploration and development at the Khaleesi and Super Block projects, as well as general working capital.

Key Details

  • Transaction Structure: Upsized bought deal private placement led by Paradigm Capital Inc. as sole bookrunner.
  • Share Issuance: 22,134,800 common shares issued at $1.10 per share.
  • Gross Proceeds: $24,348,280 from the initial tranche.
  • Over-Allotment Option: Underwriters granted an option to purchase up to 3.32 million additional shares at $1.10 per share, providing up to $3,652,220 in additional gross proceeds. This option is exercisable in whole or in part prior to the closing date.
  • Use of Proceeds:
    • Exploration and development at the 100%-owned Khaleesi copper-gold project (Peru).
    • Exploration and development at the 50%-owned Super Block project.
    • General working capital purposes.
  • Closing Date: Expected on or about February 11, 2026.
  • Hold Period: Securities are subject to a hold period of four months and one day after the closing date.
  • Commissions: A cash commission of 6.0% on gross proceeds is payable to the underwriters.
  • Regulatory Status: Subject to TSX Venture Exchange approval and other regulatory conditions. Potential related party transaction if insiders participate, relying on exemptions under MI 61-101.

Notable Quotes

  • No direct quotes from the CEO or President were included in the provided text.
Read the original news release →

More from C3 Metals Inc.

Nov 09, 2026 · 07:01

C3 expands the Khaleesi target footprint in Peru through geophysical surveys.

Drill Results Nov 02, 2026 · 06:46

C3 hit high-grade Khaleesi skarn, with confirmation and true width to follow.

Drill Results Oct 27, 2026 · 07:02

C3 repeats 0.38% CuEq in Khaleesi hole 38, while deeper skarn mineralisation was not repeated in the adjacent hole.

Drill Results Sep 17, 2026 · 07:01

C3 expands the Khaleesi geophysics target footprint ahead of planned Q4 drilling activities at the project.

Drill Results Sep 15, 2026 · 07:01

C3 extends the Khaleesi system to 500m depth with broad step-out intersections, though grades remain marginal.

Drill Results Aug 11, 2026 · 07:01

C3’s district-scale 3DIP survey identified deep porphyry targets at the Bellas Gate project.

Drill Results