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TSX-V: TT announces Closing of Tranche 1 Flow-Through Financing for $5.2MM
(TheNewswire) December 8, 2025 – TheNewswire - Toronto, ON - Total Metal...
About this update from Total Metals Corp
[{"type":"text","content":"TSX-V: TT announces Closing of Tranche 1 Flow-Through Financing for $5.2MM\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 December 8, 2025 –\n \n\n TheNewswire -\n \n\n Toronto, ON -\n \n\n Total\nMetals Corp. (“\n \n\n Total\n \n\n Metals\n \n\n ” or\nthe “\n \n\n Company\n \n\n ”) (\n \n\n TSX-V:\nTT\n \n\n ) (\n \n\n OTCQB\n \n\n :\n \n\n TTTMF\n \n\n ) (\n \n\n FSE\n \n\n :\n \n\n O4N\n \n\n )\n \n\n is pleased to\nannounce that, further to its news release dated November 25, 2025, it\nhas closed the first tranche of its non-brokered private placement\nfinancing (the “\n \n\n Offering\n \n\n ”)\n \n\n consisting\nof Critical Minerals Flow-Through Units (each, a “\n \n\n CMFT Unit\n \n\n ”) and\nNational Flow-Through Units (each, a “\n \n\n FT Unit\n \n\n ” and,\ncollectively with the CMFT Units, the “\n \n\n Units\n \n\n ”), for\naggregate gross proceeds of C$5,216,454.\n \n\n\n\n The Company issued 3,056,481 CMFT Units at a price of\n$1.15 per CMFT Unit. Each CMFT Unit is comprised of one common share\nof the Company (each, a “\n \n\n Common Share\n \n\n ”) issued as a flow-through\nshare designated as a “\n \n\n critical mineral flow-through share\n \n\n ” within\nthe meaning of the Income Tax Act (\n \n\n Canada\n \n\n ), and\none-half of one common share purchase warrant (each, a “\n \n\n CMFT Warrant\n \n\n ”).\nEach whole CMFT Warrant entitles the holder to acquire one Common\nShare at a price of $1.15 for a period of 36 months from the date of\nissuance.\n \n\n\n\n Additionally, the Company issued 1,620,477 Flow-Through\nUnits at a price of $1.05 per FT Unit.  Each FT Unit is comprised of\none flow-through Common Share issued as a flow-through share\ndesignated as a “\n \n\n flow-through share\n \n\n ” within the meaning of\nthe Income Tax Act (\n \n\n Canada\n \n\n ), and one-half of one warrant (each, a\n“\n \n\n FT Warrant\n \n\n ”).  Each whole FT Warrant entitles the holder to acquire\none Common Share at $1.15 for 36 months from the date of\nissuance.\n \n\n\n\n The gross proceeds from the issuance of the Units will\nbe used to incur eligible “flow-through critical mineral mining\nexpenditures,” and &#x...