C3 Metals Announces Closing of $28,000,500 Bought Deal Private Placement

The most recent news (February 11, 2026) announces the closing of a heavily upsized "Bought Deal" private placement. Initially announced at $20 million, the financing closed at $28,000,500 at a price of $1.10 per common share. The funds are earmarked for exploration at the 100%-owned Khaleesi Copper-Gold project in Peru and the 50%-owned Super Block project in Jamaica. Notably, the financing was led by a syndicate of major Canadian investment banks (Paradigm, Cormark, Canaccord, BMO) and included participation from insiders, signaling strong institutional and management support.

This news is materially positive for several reasons: - Capital Runway: The $28 million raise, combined with the $8.4 million reported in November 2025, provides the company with over $35 million in liquidity. This removes any "going concern" risk and covers exploration costs for at least the next 24 months. - Valuation Support: Raising $28 million at $1.10 per share—a significant premium to the $0.50 raise in March 2025—indicates a major step-change in market valuation and institutional interest following the Khaleesi discovery. - Execution Capability: The financing allows the company to move beyond "scout" drilling and into aggressive resource definition at Khaleesi, where Hole 2 (announced January 2026) intercepted 51.1m at 0.86% CuEq. - Dilution Management: While adding ~25.4 million shares to the registry, the high issuance price relative to the 52-week low ($0.20) suggests the company is effectively leveraging its share price strength to fund growth without excessive share-count bloat.

C3 Metals is a copper-gold explorer focused on large-scale porphyry and skarn systems in Peru and Jamaica. - Flagship Project (Peru): Khaleesi Copper-Gold Project. Located 45km from MMG’s Las Bambas mine. It is an undrilled 30,000-hectare concession package where recent drilling has confirmed a high-temperature hydrothermal system with both skarn and porphyry mineralization. - Jamaica Projects: Bellas Gate (Freeport-McMoRan earn-in for $75M) and Super Block (50/50 JV with Geophysx). These projects target a previously overlooked copper-gold porphyry belt.