IDEX Metals Announces Non-Brokered Private Placement of Units

Executive Summary

• IDEX Metals Corp. announced a non‑brokered private placement of up to 3,333,333 units at $0.60 per unit, targeting gross proceeds of up to $2 million.
• Each unit consists of one common share and half of a warrant; the full warrant allows purchase of an additional share at $0.90 per share for 24 months after closing.
• Proceeds will be used to fund further exploration of IDEX’s Idaho mineral properties (including the Freeze Project) and for general working capital, providing a strategic catalyst without excessive dilution.

Key Details

• Units Offered: Up to 3,333,333 units @ $0.60 per unit → Maximum gross proceeds: $2,000,000.
• Unit Composition:
• 1 common share (the “Share”).
• ½ of a share purchase warrant; two halves combine into one full warrant.
• Warrant Terms:
• Each full warrant exercisable for one additional Share at $0.90 per Share.
• Exercise period: 24 months from the closing date.
• Holding Period: Securities subject to a lock‑up expiring four months and one day after closing.
• Closing Conditions: Subject to customary conditions, including TSXV approval; multiple closings possible as subscriptions are received.
• Use of Proceeds: Primarily for exploration activities in Idaho (Freeze Copper‑Gold porphyry prospect and other targets) and general working capital.
• Finder’s Fees: Company may pay finder’s fees within TSXV policy limits.
• Regulatory Notes: Offering made under applicable Canadian exemptions; securities not registered in the U.S. and cannot be offered to U.S. persons absent exemption.

Notable Quotes

“Our first round of drilling at the Kismet Target has far exceeded our expectations… This small, strategic raise is designed to limit shareholder dilution while enhancing our ability to deliver additional catalysts through an expanded drill campaign.” – Clayton Fisher, CEO & Director

Materiality Assessment: Material – Positive (the financing provides significant capital for exploration and growth, representing a material corporate development).