Business
Total Metals Corp. announces Closing of 2nd and Final Tranches of Flow-Through and Hard Dollar Financings
(TheNewswire) December 18, 2025, Toronto, ON – TheNewswire - Total Metals Corp. (&...
About this update from Total Metals Corp
[{"type":"text","content":"Total Metals Corp. announces Closing of 2nd and Final Tranches of Flow-Through and Hard Dollar Financings\n(TheNewswire)\n\n\nDecember 18, 2025, Toronto, ON –\nTheNewswire - Total Metals Corp. (“Total Metals” or the “Company”) (TSX-V: TT)\n(OTCQB:\nTTTMF)\n(FSE:\nO4N)\nis pleased to announce that, further to its news\nreleases dated November 25, 2025 and December 8, 2025, it has closed\nthe second and final tranche of its non-brokered private placement\nfinancing (the “FT\nOffering”) consisting of\nCritical Minerals Flow-Through Units (each, a “CMFT Unit”) and\nNational Flow-Through Units (each, a “FT Unit”) for\naggregate gross proceeds of C$293,450.35 and with tranche 1, total\nproceeds of C$5,509,904.35 Additionally, and further to its news\nreleases November 13, 2025 and December 2, 2025, it has closed the second and final tranche of its\nnon-brokered private placement financing (the “Hard Dollar Offering”),\nconsisting of Units of the Company (each, a “Unit”) for\naggregate gross proceeds of C$522,999 and with tranche 1, total\nproceeds of C$3,236,499.\n\n\nPursuant to the FT Offering, the Company issued an\nadditional 40,000 CMFT Units pursuant to tranche 2 at a price of $1.15\nper CMFT Unit. Each CMFT Unit is comprised of one common share of the\nCompany (each, a “Common\nShare”) issued as a flow-through share\ndesignated as a “critical\nmineral flow-through share” within the meaning\nof the Income Tax Act (Canada), and one-half of one common share\npurchase warrant (each, a “CMFT Warrant”). Each whole CMFT Warrant\nentitles the holder to acquire one Common Share at a price of $1.15\nfor a period of 36 months from the date of issuance. Additionally, the\nCompany issued an additional 235,667 Flow-Through Units at a price of\n$1.05 per FT Unit.  Each FT Unit is comprised of one flow-through\nCommon Share issued as a flow-through share designated as a\n“flow-through\nshare” within the meaning of the Income Tax\nAct (Canada), and one-half of one warrant (each, a “FT Warrant”).\n Each whole FT Warrant entitles the holder to acquire one Common\nShare at $1.15 for 36 months from the date of issuance.\n\n\nPursuant to the Hard Dollar Offering, the ...