Trinity One Metals Announces Closing of $5.34 Million Financing Including LIFE Offering and Concurrent Private Placement

Executive Summary

• Trinity One Metals closed two concurrent private placements, raising a total of $5.34 million in gross proceeds.
• The offerings consisted of 26.7 million units at $0.20 per unit; each unit includes one common share and half of a warrant exercisable at $0.30 for up to 36 months.
• Net proceeds will be used to fund exploration, technical evaluation, project advancement across the company’s mineral asset portfolio and for general working capital.

Key Details

• Units Issued: 26,700,000 total (16,700,000 under LIFE Offering; 10,000,000 under Concurrent Offering).
• Pricing: $0.20 per unit.
• Gross Proceeds: $5,340,000 (LIFE: $3,340,000; Concurrent: $2,000,000).
• Warrant Terms: Each warrant allows purchase of one common share at an exercise price of $0.30, exercisable for 36 months from the closing date, with a 60‑day lock‑up period.
• Hold Periods: LIFE Offering units have no statutory hold period; Concurrent Offering units are subject to a hold period expiring July 7 2026.
• Finder Compensation: $259,000 cash fees paid and 1,299,000 finder warrants issued (6% cash commission + 6% in warrants of proceeds).
• Use of Proceeds: Advancement of exploration activities, verification of recent acquisitions, historical data validation, target generation, early‑stage field programs, and general corporate working capital.
• Regulatory Notices: Securities not registered under the U.S. Securities Act; offering limited to jurisdictions where lawful.

Notable Quotes

“The net proceeds will enable us to accelerate exploration and project advancement across our portfolio while supporting our ongoing working capital needs,” – Thomas Wood, CEO.