Integral Metals increases private placement to $1.5M

Executive Summary

• Integral Metals Corp. has upsized its previously announced non-brokered flow-through private placement, increasing the gross proceeds from up to $1 million to up to $1.5 million.
• The offering consists of flow-through units priced at $0.95 per unit, with each unit comprising one flow-through common share and one non-flow-through common share purchase warrant.
• Proceeds are designated for Canadian exploration expenses under the Income Tax Act, which the company intends to renounce to purchasers.

Key Details

• Transaction Type: Non-brokered flow-through private placement.
• Upsize Details: Gross proceeds increased from up to $1,000,000 to up to $1,500,000.
• Pricing: $0.95 per FT unit.
• Unit Composition: Each FT unit consists of:
  • One flow-through common share.
  • One non-flow-through common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $1.00 per share.
  • Duration: 24 months from issuance.
• Use of Proceeds: To incur Canadian exploration expenses as defined in the Income Tax Act (Canada), to be renounced to the initial purchasers.
• Closing Conditions: Subject to receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange (CSE).
• Expected Closing Date: On or about November 15, 2025.
• Hold Period: All securities are subject to a statutory four-month-and-one-day hold period.