Abitibi Metals Announces C$10 Million Bought Deal Financing

Executive Summary

• Abitibi Metals Corp. entered into a bought‑deal underwriting agreement for up to C$10 million of equity, comprising 12.3 M charity flow‑through common shares at C$0.57 each and 8.58 M hard‑dollar common shares at C$0.35 each.
• The underwriters have a 30‑day option to purchase an additional 15 % of the offering for over‑allotments.
• Proceeds will be allocated to advancing the B26 Polymetallic Deposit (charity flow‑through portion) and general corporate purposes (hard‑dollar portion).

Key Details

• Underwriters: Syndicate led by BMO Capital Markets (sole bookrunner) with Haywood Securities as co‑lead.
• Shares Offered:
• 12,300,000 charity flow‑through common shares @ C$0.57 per share.
• 8,580,000 hard‑dollar common shares @ C$0.35 per share.
• Total Gross Proceeds: Approximately C$10 million.
• Over‑Allotment Option: Up to an additional 15 % of the total offering, exercisable at the original offering price for 30 days after closing.
• Closing Date: Expected on or about December 16, 2025, subject to regulatory approvals.
• Use of Proceeds:
• Charity flow‑through proceeds → continued advancement of the B26 Polymetallic Deposit.
• Hard‑dollar proceeds → general corporate purposes.
• Offering Mechanics: Short‑form prospectus in all Canadian provinces; may also be offered via private placement in the United States (subject to U.S. securities law compliance).
• Regulatory Status: Securities not registered under the U.S. Securities Act of 1933; offering limited to jurisdictions where lawful.

Notable Quotes

(No direct quotes were included in the release.)