Business
IDEX Metals Announces Closing of Non-Brokered Private Placement of Units
(TheNewswire) Vancouver, B.C. – October 24, 2025 – TheNewswire - ...
About this update from Idex Metals Corp.
[{"type":"text","content":"IDEX Metals Announces Closing of Non-Brokered Private Placement of Units\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, B.C.\n– October 24, 2025\n \n\n –\n \n\n TheNewswire -\n \n\n IDEX Metals Corp.\n(\"\n \n\n IDEX\n \n\n \" or the \"\n \n\n Company\n \n\n \") (TSXV: IDEX; OTCQB: IDXMF) is pleased to\nannounce the closing of its non-brokered private placement offering\n(the “\n \n\n Offering\n \n\n ”), as previously disclosed in the Company’s news releases dated\nOctober 15, 2025 and October 22, 2025.\n \n\n In connection with the\nOffering, the Company issued 8,867,099 units (the “\n \n\n Units\n \n\n ”) at a price of\n$0.60 per Unit, generating aggregate gross proceeds of approximately\n$5,320,259.\n \n\n\n\n Clayton Fisher, CEO of IDEX Metals, commented:\n“We’re fired up to keep the drills turning longer, and to push our\nexploration even further. The strong demand we’ve seen for this\nfinancing — and the addition of a new strategic shareholder —\ngives us the horsepower we need to stay aggressive on the ground. This\nrepresents a significant vote of confidence in what we’re building\nhere in Idaho.”\n \n\n\n\n Each Unit\nconsists of one common share and one-half of one common share purchase\nwarrant (each whole warrant, a “\n \n\n Warrant\n \n\n ”). Each whole\nWarrant entitles the holder to acquire one additional common share at\nan exercise price of $0.90 per share for a period of 24 months from\nthe date of issuance.\n \n\n\n\n In connection\nwith the Offering, the Company paid finder's fees in the amount\nof $204,418.20 and issued 511,030 finder’s warrants. Each finder’s\nwarrant entitles the holder to acquire one common share at an exercise\nprice of $0.60 per share for a period of 24 months from the date of\nissuance, under the same terms as the Warrants issued pursuant to the\nOffering.\n \n\n\n\n The Company intends to use the proceeds from the\nOffering for exploration of its mineral properties in the State of\nIdaho and for general working capital.\n \n\n\n\n All securities issued in connection with the Offering\nare subject to a statutory hold period of four months plus one day in\naccordance with Canadian securities legislation. The Offering remains...