BeMetals Raises $1.1 Million Through the Sale of Marketable Securities and Announces Flow-Through Financing

Executive Summary

• BeMetals Corp. raised approximately C$1.13 million from the sale of marketable securities via TSX Venture Exchange facilities, increasing its cash balance to about C$1.52 million.
• The company announced a non‑brokered private placement of up to 10.7 million flow‑through common shares at $0.07 per share, targeting gross proceeds of up to C$749,000.
• Proceeds from the private placement will fund qualifying exploration expenditures on the Savant Gold Project in Ontario, with spending required by December 31 2026 and renunciation to subscribers no later than December 31 2025.

Key Details

• Current financing: C$1,133,000 raised through marketable securities sold via TSX Venture Exchange facilities.
• Cash position post‑financing: Approximately C$1,520,000.
• Private Placement terms:
• Up to 10,700,000 flow‑through common shares (“FT Shares”).
• Price: $0.07 per FT Share.
• Maximum gross proceeds: C$749,000.
• Use of proceeds: To incur “Qualifying Expenditures” on the Savant Gold Project (ground sampling, mapping, and data collection to prioritize drill targets).
• Expenditure timeline: Qualifying expenditures must be incurred on or before 31 Dec 2026; renunciation to subscribers effective no later than 31 Dec 2025.
• Closing conditions: Subject to TSX Venture Exchange approval; securities will carry a four‑month hold period under Canadian securities law.
• Finder’s fees: Company may pay arm’s‑length finders, subject to TSXV approval.
• Regulatory disclaimer: Shares are not registered in the United States and cannot be offered or sold there absent exemption.

Notable Quotes

• “The proceeds from this financing strengthen our balance sheet and enable us to advance exploration at Savant, positioning BeMetals for future growth,” – Kristen Reinertson, Interim CEO & Director.