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Metal Energy Closes $9.25 Million Financing with Centerra Gold and Teck
Toronto, Ontario--(Newsfile Corp. - December 17, 2025) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the "Company" or "Metal Energy") is pleased to announce that it has closed its previously announced financing for aggregate gross proceeds of approximately C$9.25 million (the "Offering")."Centerra's and Teck's investment provides important validation and should draw broader market attention to Metal Energy. NIV is a rare project where geological, geochemical, and geophysical data align. That
About this update from Centerra Gold Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 17, 2025) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the "Company" or "Metal Energy") is pleased to announce that it has closed its previously announced financing for aggregate gross proceeds of approximately C$9.25 million (the "Offering").","length":333,"tagName":"p"},{"type":"text","content":""Centerra's and Teck's investment provides important validation and should draw broader market attention to Metal Energy. NIV is a rare project where geological, geochemical, and geophysical data align. That convergence explains why two major mining companies have chosen to substantially fund our exploration. We believe the undrilled targets at NIV are among the most prospective in British Columbia in recent years, and Metal Energy plans to drill them in 2026. While still early, we hope to deliver a discovery that justifies the long-term stewardship of this asset," said Stephen Stewart, Chairman of Metal Energy Corp.","length":642,"tagName":"p"},{"type":"text","content":"The Offering consisted of: (i) 8,884,000 common shares issued on a premium flow-through basis (each, an "FT Share") at a price of C$0.729 per FT Share; and (ii) 6,200,000 common shares (each, a "Share") at a price of C$0.45 per Share. No warrants were issued and no finders' fees were paid in connection with the Offering. All securities issued under the Offering are subject to a statutory hold period of four months plus one day from the date of closing, in accordance with applicable securities laws.","length":527,"tagName":"p"},{"type":"text","content":"As a result of the completion of the Offering, Centerra Gold Inc. ("Centerra") and Teck Resources Limited ("Teck") have become strategic shareholders of Metal Energy, each holding approximately 9.9% of the Company's issued and outstanding common shares.","length":277,"tagName":"p"},{"type":"text","content":"Concurrent with the closing of the Offering, the Company has entered into investor rights agreements on substantially the same terms with each of Centerra and Teck (collectively the "IRAs"). Under the terms of the IRAs, each of Centerra and Teck have been granted participation and top-up rights to allow them to maintain their respective pro-rata ownership...