T2 Metals Closes Final Tranche of Private Placement

• T2 Metals Corp. announced the closing of the final tranche of its non-brokered private placement on April 15, 2026.
• Total aggregate gross proceeds from the financing reached $7,440,631 across three tranches closed between March and April 2026.
• The company issued 14,881,262 units at a price of $0.50 per unit.
• Each unit consists of one common share and one-half of a common share purchase warrant exercisable at $0.75 for two years.
• Net proceeds are designated for working capital, the acquisition of the Aurora Project in Yukon, and exploration within the project portfolio.
• Insiders participated by purchasing an aggregate of 110,000 units during this final tranche.
• Finder's fees were paid totaling $59,650 cash plus 119,300 finder's warrants.

• The financing was announced in February and March 2026 with targets increasing from $5M to $7.6M; the final close confirms execution of this previously disclosed plan.
• As the news is expected based on prior announcements (March 25, April 1), it lacks surprise factor required for a Material - Positive rating.
• The cash raise of ~$7.4M represents approximately 30% of the company's current market capitalization, providing significant runway but introducing substantial dilution.
• The acquisition of the Aurora Project was completed concurrently with the second tranche in April; this news confirms funding for that specific asset purchase.
• Warrants issued at $0.75 are currently out-of-the-money relative to the $0.50 share price, limiting immediate dilution but creating future float pressure upon exercise or expiry.
• The financing secures operations through the 2026 field season, mitigating near-term bankruptcy risk which is a positive fundamental outcome despite the routine nature of the announcement.

• T2 Metals Corp is an exploration company focused on gold, copper, and silver projects in North America (Yukon, Manitoba, Arizona).
• Flagship Projects:
• Sherridon Project (Manitoba): Historical VMS camp with copper-zinc-gold-silver potential; new Mineral Resource Estimate underway.
• Aurora Project (Yukon): Newly acquired gold-silver project in the Tombstone Gold Belt with historic high-grade intercepts (up to 25 g/t Au).
• Shanghai Project (Yukon): Silver-gold project adjacent to Hecla Mining's Keno Hill; grab samples showed up to 451 g/t Ag.
• The company leverages historical resources and discovery-stage projects in high-profile belts with strong First Nations relationships.