Northwire Canada EditionTuesday, November 10, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.23 −1.7% Oil 86.04 −0.9% Palladium 1,020.80 −0.1% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.23 −1.7% Oil 86.04 −0.9% Palladium 1,020.80 −0.1% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0%
Financings

Metallis Resources increases financing to $1.25-million

By The Northwire Desk — AI Analysis Feb 25, 2026 · 17:18 MTS · 0.18 Metallis Resources Inc.
MTS · Price

Executive Summary

  • Metallis Resources Inc. has upsized its previously announced non-brokered private placement to a total value of $1.25 million due to strong investor demand.
  • The offering consists of two components: up to $750,000 in non-flow-through units and up to $500,000 in flow-through shares.
  • The transaction is subject to regulatory approvals and final acceptance by the TSX Venture Exchange, with a trading hold period of four months plus one day.

Key Details

  • Total Upsized Offering Size: $1.25 million.
  • Non-Flow-Through Component:
    • Quantity: Up to 4,687,500 non-flow-through units.
    • Price: 16 cents per unit.
    • Gross Proceeds: Up to $750,000.
    • Structure: Each unit consists of one common share and one non-flow-through, non-transferable share purchase warrant.
    • Warrant Terms: Entitles holder to purchase one additional common share at 26 cents per share for a three-year period.
  • Flow-Through Component:
    • Quantity: Up to 2.5 million flow-through shares.
    • Price: 20 cents per share.
    • Gross Proceeds: Up to $500,000.
    • Tax Status: Qualifies as flow-through shares under the Income Tax Act (Canada); proceeds incurred on Canadian exploration expenses.
    • Renunciation: Expenses renounced to purchasers with an effective date no later than Dec. 31, 2026.
  • Trading Restrictions: Shares and warrants issued are subject to a trading hold period expiring four months plus one day from the date of issuance.
  • Conditions Precedent: Closing is subject to receipt of all necessary regulatory approvals and final acceptance by the TSX Venture Exchange.
Read the original news release →

More from Metallis Resources Inc.

Oct 07, 2026 · 08:00

Metallis reports the Greyhound shear zone widening to 80m with new high-grade silver, gold and antimony veins discovered at the deposit.

Drill Results Jul 16, 2026 · 08:00

Metallis advances Greyhound drilling as cash extends while dilution risk persists.

Drill Results Jul 08, 2026 · 08:00

Metallis expands its Idaho exploration program at the Greyhound project, initiating a new field season to advance its mineral resource targets.

Drill Results Jul 01, 2026 · 07:34

Metallis upsizes its first tranche of Greyhound financing to $1.2m as exploration momentum builds at the project.

Financings Jun 16, 2026 · 08:00

Metallis secured $2m financing to fund Idaho drilling as shares hit multi-month lows.

Financings Jun 01, 2026 · 08:00

Metallis Resources Priced at a Discount to Fund Idaho Drilling, Adding to a Heavy Dilution Overhang as Exploration Execution Begins

Drill Results