Intrepid Metals Announces Listed Issuer Financing Exemption (LIFE) Private Placement of Units

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[{"type":"text","content":"Intrepid Metals Announces Listed Issuer Financing Exemption (LIFE) Private Placement of UnitsVancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) (\"Intrepid\" or the \"Company\") announces a non-brokered private placement (the \"Offering\") consisting of a minimum of 6,326,530 and up to a maximum of 10,204,080 units (the \"Units\"), with each Unit consisting of one common share and one-half of one common share purchase warrant (each full common share purchase warrant, a \"Warrant\") at a price of $0.49 per Unit for aggregate gross proceeds of a minimum of $3.1 million up to a maximum of $5 million. Each full Warrant shall entitle the holder thereof to acquire one additional common share at a price of $0.68 for a period of twenty-four (24) months from the closing date of the Offering. The net proceeds will be used for exploration expenditures on the Company's mineral properties, including drilling at its Corral Copper Project, and general working capital. The Warrants are subject to an acceleration right that allows the Company to give notice of an earlier expiry date if the Company's closing share price on the TSX Venture Exchange is equal to or greater than $1.02 for a period of ten (10) consecutive trading days.There is an offering document related to this Offering that can be accessed under the Company's profile at www.sedarplus.com and at www.intrepidmetals.com. Prospective investors should read this offering document before making an investment decision.The Offering is being made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \"Listed Issuer Financing Exemption\"). Pursuant to the limitations of the Listed Issuer Financing Exemption, the Units offered under the Listed Issuer Financing Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.Intrepid intends to close the Offering on or around April 2, 2025. Closing of the Offering is subject to approval of the TSX Venture Exchange. Finder's fees of 6% in cash and 6% in finder warrants, which terms will be the same as the Warrants, may be paid on a portion of the Offering in accordance with the policies of the TSX Venture Exchange. The Company has also entered into an agr...

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