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TSX-V: TT Announces Closing of Tranche 1 of Financing for $2.71MM
(TheNewswire) December 2, 2025, Toronto, ON – TheNewswire - Total Metals Cor...
About this update from Total Metals Corp
[{"type":"text","content":"TSX-V: TT Announces Closing of Tranche 1 of Financing for $2.71MM\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 2, 2025, Toronto, ON –\n \n\n TheNewswire -\n \n\n Total Metals Corp. (“\n \n\n Total\n \n\n Metals\n \n\n ” or the “\n \n\n Company\n \n\n ”) (\n \n\n TSX-V: TT\n \n\n )\n(\n \n\n OTCQB\n \n\n :\n \n\n TTTMF\n \n\n )\n(\n \n\n FSE\n \n\n :\n \n\n O4N\n \n\n )\n)\n \n\n is pleased to announce that, further to its\nnews release dated November 13, 2025, it has closed the first tranche\n(“\n \n\n Tranche 1\n \n\n ”) of its non-brokered private placement financing (the\n“\n \n\n Offering\n \n\n ”), for aggregate gross proceeds of C$2,713,500.\n \n\n\n\n Under Tranche 1 of the Offering, the Company issued an\naggregate of 3,015,000 units (each, a “\n \n\n Unit\n \n\n ”) at a price\nof C$0.90 per Unit. Each Unit consists of one (1) common share in the\ncapital of the Company (a “\n \n\n Common Share\n \n\n ”); and one (1) common share\npurchase warrant (a “\n \n\n Warrant\n \n\n ”), each entitling the holder to\nacquire one additional Common Share (a “\n \n\n Warrant Share\n \n\n ”) at\nan exercise price of C$1.15 per Warrant Share for a period of 36\nmonths following the date of issuance.\n \n\n\n\n\n\n 2,965,000 of the Units are subject to a statutory hold\nperiod of four months and one day from the date of issuance, in\naccordance with applicable Canadian securities laws and TSX Venture\nExchange (the\n \n\n Exchange\n \n\n ”) policies.\n \n\n\n\n\n\n 50,000 of the Units were offered to purchasers outside\nof Canada pursuant to an exemption from the prospectus requirements in\nCanada available under OSC Rule 72-503 –\n \n\n Distributions Outside Canada\n \n\n and, accordingly, such Units are not subject to a four-month\nand one day hold period in Canada.\n \n\n\n\n\n\n The net proceeds of Offering are expected to be used\nfor the advancement of the Company’s wholly owned Electrolode\nProject, High Lake and West Hawk Lake Projects as well as for working\ncapital and general corporate purposes. The Company may reallocate the\nuse of proceeds for sound business reasons and as circumstances\nwarrant.\n \n\n\n\n In connection with Tranche 1, the Compan...