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IDEX Metals Announces $7.0 Million Brokered Private Placement Offering of Special Warrants
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSE...
About this update from Idex Metals Corp.
[{"type":"text","content":"IDEX Metals Announces $7.0 Million Brokered Private Placement Offering of Special Warrants\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES VANCOUVER, British Columbia, April 16, 2026 (GLOBE NEWSWIRE) -- IDEX Metals Corp. (\"IDEX\" or the \"Company\") (TSXV: IDEX; OTCQB: IDXMF) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. on behalf of a syndicate of agents (the “Agents”) in connection with a brokered private placement of up to 17,500,000 special warrants of the Company (“Special Warrants”) at a price of $0.40 per Special Warrant (the “Offering Price”) for gross proceeds of up to $7,000,000 (the “Offering”). Each Special Warrant will entitle the holder thereof to acquire, for no additional consideration, one unit of the Company (each, a \"Unit\"), with each Unit being comprised of one common share in the capital of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share (a “Warrant Share”) at an exercise price of $0.60 per Warrant Share for a period of 24 months from the date of issuance. The Company has granted the Agents an option (the \"Over-Allotment Option\") to offer and sell up to an additional 15% of the number of Special Warrants issued pursuant to the Offering, exercisable at any time up to 48 hours prior to the Closing Date (as defined herein). The net proceeds from the Offering will be used for exploration and development of the Company’s Freeze Project, including drilling, geophysics, and for general working capital purposes CEO Clayton Fisher commented: “This financing positions IDEX to build on the 2025 exploration season at Freeze, where our integrated drilling, geophysics, geochemistry and mapping continued to strengthen our understanding of the broader mineralized system. We are excited to return to the field and drill test the porphyry copper target beneath North Breccia, while also advancing the broader Kismet Corridor and generating new drill targets across the Freeze Project. With a growing pipel...