T2 Metals Increases Financing to $ 7.6 Million

Executive Summary

• T2 Metals Corp. increased its previously announced non‑brokered private placement by up to $2.6 million, now targeting a total raise of up to $7.6 million.
• The company will issue up to 15,200,000 units at $0.50 per unit; each unit contains one common share and half of a warrant (full warrant allows purchase of an additional share at $0.75 for two years).
• Proceeds are earmarked for working capital and exploration of the Company’s gold‑ and silver‑rich Yukon assets.

Key Details

• Financing Size: Increased by up to $2,600,000; total potential proceeds $7,600,000.
• Units Offered: Up to 15,200,000 units at $0.50 per unit.
• Unit Composition:
• 1 common share
• ½ of a common share purchase warrant (full warrant = right to buy one additional share at $0.75).
• Warrant Terms: Exercise price $0.75, exercisable for two years from closing.
• Insider Participation: Insiders may participate in the financing.
• Finders’ Fees: May be paid on a portion of the financing.
• Use of Proceeds: Primarily for working capital and exploration activities (Yukon gold and silver projects).
• Holding Period: All securities subject to a four‑month hold period.
• Regulatory Conditions: Closing contingent on required regulatory approvals, including TSX Venture Exchange acceptance.

Notable Quotes

“We have received excellent interest from new and existing investors in our current private placement and have elected to increase the financing size. Our gold and silver assets in the Yukon are drawing plenty of attention and we are looking forward to a successful 2026.” – Mark Saxon, President & CEO