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MetalQuest Mining Announces Non-Brokered Private Placement
(TheNewswire) December 4, 2025 - Vancouver, BC – TheNewswire - MetalQues...
About this update from Metalquest Mining Inc
[{"type":"text","content":"MetalQuest Mining Announces Non-Brokered Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n December 4, 2025 - Vancouver,\nBC\n \n\n –\n \n\n TheNewswire -\n \n\n MetalQuest Mining Inc.\n \n\n (TSX.V: MQM; OTCQB: MQMIF) (“MQM” or\n“Company”)\n \n\n is pleased to announce a\nnon-brokered private placement financing of up to 8,333,333\nflow-through units, which will consist of Critical Minerals eligible\nflow-through, Quebec eligible flow-through and National flow-through,\nall at a price of $0.18 per FT Unit raising gross proceeds of up to\n$1,500,000 (the FT Units) and up to 6,000,000 non-flow-through units\n(NFT Unit) at a price of $0.17 per NFT Unit raising gross proceeds of\nup to $1,020,000.\n \n\n\n\n The FT Units will be comprised of one flow-through\ncommon share of the Company and one-half of one share purchase\nwarrant.  Each whole warrant will entitle the holder thereof to\npurchase one additional common share of the Company at an exercise\nprice of $0.40 per share, for a period of two years from closing,\nsubject to TSX Venture Exchange approval.\n \n\n\n\n Each NFT Unit is comprised of one common share of the\nCompany and one-half of one share purchase warrant.  Each whole\nwarrant will entitle the holder thereof to purchase one additional\ncommon share of the Company at an exercise price of $0.40 per share,\nfor a period of two years from closing, subject to final Exchange\napproval. Finder’s fees may be paid in the next closing and are also\nsubject to Exchange approval.\n \n\n\n\n The Company may pay, to eligible persons, a finder’s\nfee (“Finder’s Fee”) with respect to the sale of the Units to\nnon-insiders, which may be comprised of 5% cash and/or 5%\nnon-transferable share purchase warrants. Any Finder Fee Warrants\nissuable will entitle the finder to purchase one common share at an\nexercise price of $0.40 for a period of 2 years from closing of the\nPrivate Placement.\n \n\n The proceeds of the FT Unit\nprivate placement will be used\n \n\n on the Superior\nIron Project\n \n\n and flow through eligible\nproperties in Quebec and Canada. Proceeds of the NFT Unit private\nplacement will be used for working capital and exploration\n \n\n\n\n All securities issued in connection with the NFT Units,\nthe FT Units an...