Business
Metal Source Mining Announces $1.02 Million Private Placement with Eric Sprott and Provides Exploration Update
Vancouver, British Columbia--(Newsfile Corp. - December 24, 2025) - Metal Source Mining Inc. (CSE: MSM) (OTCQB: SFRIF) (FSE: E9Z) (the "Company") is pleased to announce a non-brokered private placement financing of 3,400,000 units in the capital of the Company (each, a "Unit") at a price of $0.30 per Unit, for gross proceeds of $1,020,000 (the "Offering").Each Unit purchased will include one common share and one-half of one transferable common share purchase warrant. Each whole Warrant (a...
About this update from Metalsource Mining Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 24, 2025) - Metal Source Mining Inc. (CSE: MSM) (OTCQB: SFRIF) (FSE: E9Z) (the "Company") is pleased to announce a non-brokered private placement financing of 3,400,000 units in the capital of the Company (each, a "Unit") at a price of $0.30 per Unit, for gross proceeds of $1,020,000 (the "Offering").","length":388,"tagName":"p"},{"type":"text","content":"Each Unit purchased will include one common share and one-half of one transferable common share purchase warrant. Each whole Warrant (a "Warrant") will entitle the holder to purchase one additional common share for a period of two (2) years at a price of $0.40 per common share.","length":288,"tagName":"p"},{"type":"text","content":"The sole placee in the Offering is Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him. He will acquire 3,400,000 Units pursuant to the Offering for total consideration of $1,020,000.","length":214,"tagName":"p"},{"type":"text","content":"The Company thanks Mr. Sprott for his continued support in Metal Source Mining.","length":79,"tagName":"p"},{"type":"text","content":"All securities issued in connection with the Offering will be subject to applicable statutory hold periods in accordance with Canadian securities laws. The Offering is expected to close on or before December 31, 2025, subject to receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange.","length":331,"tagName":"p"},{"type":"text","content":"Exploration Update","length":18,"tagName":"p"},{"type":"text","content":"Metal Source Mining is also pleased to provide an update on its ongoing exploration programs.","length":93,"tagName":"p"},{"type":"text","content":"Drilling is currently underway at the Company's Silver Hill Project, with Hole 4 now completed. Several additional drill holes are planned as part of the current phase of exploration.","length":187,"tagName":"p"},{"type":"text","content":"The Company will provide further updates as drilling progresses and analytical results become available.","length":104,"tagName":"p"},{"type":"text","content":"About Metal Source Mining Inc.","length":30,"tagName":"p"},{"type":"text","content":"Metal Source Mining Inc. is a Canadian exploration company focused on the acquisit...