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Intrepid Metals Announces Upsize of Private Placement Financing to $6.7 Million
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2025) - Intrepid Metals Corp. (TSXV: ...
About this update from Intrepid Metals Corp.
[{"type":"text","content":"Intrepid Metals Announces Upsize of Private Placement Financing to $6.7 MillionVancouver, British Columbia--(Newsfile Corp. - October 14, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) (\"Intrepid\" or the \"Company\") announces that due to strong investor demand it has increased its previously non-brokered private placement (the \"Offering\") to up to 19,142,858 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 $0.35 per Unit for aggregate gross proceeds of $6.7 million. Each full Warrant shall entitle the holder thereof to acquire one additional common share at a price of $0.50 for a period of twenty-four (24) months from the closing date of the Offering. All securities issued in connection with the Offering will be subject to a hold period of four months from the date of issuances.The net proceeds of the Offering will be used for exploration expenditures, working capital, property payments and a bridge to completion of a strategic partnership transaction. Finder's fees of 6% in cash and 6% in non-transferrable finder warrants exercisable at a price of $0.35 for a period of twenty-four (24) months from the closing date of the Offering, may be paid on a portion of the Offering in accordance with the policies of the TSX Venture Exchange.Intrepid intends to close the Offering on or around October 24, 2025, or such a date as the Company may determine. Closing of the Offering is subject to approval of the TSX Venture Exchange. This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.About Intrepid Metals Corp.Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district s...