Rackla Metals is pleased to provide an update on warrant exercises and property holdings in the NWT

About this update from Rackla Metals Inc.

[{"type":"text","content":"Rackla Metals is pleased to provide an update on warrant exercises and property holdings in the NWT\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia –\n \n\n TheNewswire -\n \n\n September 24, 2025\n– Rackla Metals Inc. (TSX-V: RAK) (the “Company” or\n“Rackla”) is pleased to announce that over 11 million warrants of\nthe Company, with an expiry date of September 19, 2025 that were\nissued as part of the September 2023 brokered private placement of\nflow through and hard cash units, have been exercised at $0.40 per\nshare, for proceeds to the Company of just over $4.4 million.\n \n\n\n\n The Company has not yet received the drill results of\nthe initial three holes completed at the Grad Project.  We were\ninformed they would be received after the 20\n \n\n th\n \n\n of\nSeptember, but we are awaiting a firm date from the laboratory.\n \n\n\n\n The Company closed the season work program by\nincreasing its land position within the Tombstone Gold Belt in the\nNWT.  Several claim blocks were staked focusing mainly on the areas\nwith anomalous Bi/Te in the drainages based upon regional exploration\nthat the Company completed.  Also staked were areas that have\npreviously been explored for tungsten, such as the Lened showing, a\ntungsten project located 45 kms directly south of Grad Property that\nsaw significant drilling in the 1980’s. The Lened property hosts a\nhistoric tungsten skarn resource estimated at 0.9 M tonnes grading\n1.0% WO\n \n\n 3\n \n\n (not NI 43-101\ncompliant).\n \n\n\n\n Rackla staked an additional 15 mineral claims expanding\nits landholdings from 7,525 hectares to 23,175 hectares in the area of\nthe O’Grady Batholith (Figure 1). The Grad property was expanded\nfrom 5,525 hectares to 8,625 hectares and the Ogre Property was\nexpanded from 2,000 hectares to 5,750 hectares. The Company added the\nCalypso property (1 claim, 1,000 hectares) and the Lened property (7\nclaims for 7,800 hectares).\n \n\n\n\n Figure 1 – Map of the areas now\nowned by Rackla in the O’Grady Batholith area of the NWT\n \n\n\n\n\n\n\n\n Click Image To View Full Size\n \n\n\n\n\n\n\n\n Rackla is working in consultation with the Sahtu Dene\nand Métis communities and r...

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