T2 Metals Announces Non-Brokered Private Placement of $5 Million

Executive Summary

• T2 Metals Corp. announced a non‑brokered private placement of up to 10 million units at $0.50 per unit, targeting gross proceeds of up to $5 million.
• Each unit consists of one common share and one half of a common‑share purchase warrant; full warrants allow purchase of an additional share at $0.75 for two years after closing.
• Proceeds are earmarked for working capital and the 2026 exploration program on gold, silver, and copper projects in Yukon and Manitoba.

Key Details

• Financing Structure: Up to 10 million units; each unit = 1 common share + ½ warrant.
• Pricing: $0.50 per unit → maximum gross proceeds of $5 million.
• Warrant Terms: Whole warrant gives the holder the right to buy one additional common share at $0.75, exercisable for two years from closing.
• Participation: Insiders may participate; finders’ fees may be paid on a portion of the financing.
• Use of Proceeds: Working capital and 2026 exploration activities on Yukon and Manitoba projects (gold, silver, copper).
• Holding Period: All securities subject to a four‑month hold period pending regulatory approvals, including TSX Venture Exchange acceptance.
• Regulatory Notices: Offer not registered under U.S. securities laws; restricted from U.S. persons unless an exemption applies.

Notable Quotes

“We are looking to completing this financing to support the 2026 exploration programs on our exciting set of gold, silver and copper projects in the Yukon and Manitoba.” – Mark Saxon, President & CEO, T2 Metals Corp.