Business
Perseverance Metals Closes $4.7M Second and Final Tranche of Private Placement for Total Gross Proceeds of $8.2M
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2026) - Perseverance Metals Inc. (TSXV: PMI) ("Perseverance", "PMI" or the "Company") is pleased to announce that it has closed the second and final tranche of a non-brokered private placement (the "Second Tranche") for aggregate gross proceeds of $4,715,503. The Company previously announced (see PMI NR Mar 10 2026) a First Tranche closing of the Private Placement on March 10, 2026 for aggregate gross proceeds of $3,499,987. Together with.
About this update from Picard Medical, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 23, 2026) - Perseverance Metals Inc. (TSXV: PMI) ("Perseverance", "PMI" or the "Company") is pleased to announce that it has closed the second and final tranche of a non-brokered private placement (the "Second Tranche") for aggregate gross proceeds of $4,715,503. The Company previously announced (see PMI NR Mar 10 2026) a First Tranche closing of the Private Placement on March 10, 2026 for aggregate gross proceeds of $3,499,987. Together with proceeds from the first tranche, the Company has raised total gross proceeds of $8,215,490.","length":636,"tagName":"p"},{"type":"text","content":"The Second Tranche included investments from Teck Resources Limited ("Teck"), a leading Canadian resource company, NQ Investissement Minier ("NQIM"), a regional institutional mining investment fund created to support the development of the mining industry in Northern Québec, and Altius Minerals ("Altius"), a diversified minerals royalty company focused on long-life, high-margin natural resource assets; among others.","length":449,"tagName":"p"},{"type":"text","content":""The overwhelming interest in this financing - which was upsized twice and oversubscribed by more than $5 million - provides a strong endorsement of the Perseverance Metals business model and our portfolio of North American critical minerals assets," said John Foulkes, President. "With a robust treasury now in place, we are shifting immediately into execution mode to unlock significant value through the drill bit and prove up the district-scale potential of these high-grade Ni-Cu-Co-PGE systems."","length":521,"tagName":"p"},{"type":"text","content":"The Second Tranche was comprised of 4,623,042 Québec flow-through units of the Company (the "Québec FT Units") priced at C$1.02 per Québec FT Unit for gross proceeds of $4,715,503.","length":190,"tagName":"p"},{"type":"text","content":"Each Unit consists of one common share of the Company (a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one additional common share of the Company (a "Warrant Share") at a price of $0.95 for a period of 36 months from the date of...