TSX-V: TT to Acquire Two High-Grade Gold Deposits in Canada along the Ontario/Manitoba Border

About this update from Total Metals Corp

[{"type":"text","content":"TSX-V: TT to Acquire Two High-Grade Gold Deposits in Canada along the Ontario/Manitoba Border\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 September 24, 2025 –\n \n\n TheNewswire -\n \n\n Vancouver, BC -\n \n\n Total Metals Corp. (“Total Metals” or the “Company”)\n(TSX-V: TT) (FSE: O4N)\n \n\n is pleased to announce it\nhas signed a binding letter of intent (the “Agreement”) with\nMcFarlane Lake Mining Limited (CSE: MLM) to acquire 100% of the\n \n\n High Lake and West Hawk Lake\nmineral properties\n \n\n dated September 23,\n2025\n \n\n\n\n These highly prospective properties are strategically\nlocated, with the High Lake property situated just east of the\nOntario-Manitoba border and the West Hawk Lake property just to the\nwest. The total consideration for the acquisition is valued at\n \n\n C$9.25 million\n \n\n .\n \n\n\n\n \"This acquisition marks a pivotal moment for Total\nMetals, securing two highly prospective properties in a renowned\nmining district,\" stated Tyler Thorburn the President and CEO of\nTotal Metals. \"The High Lake and West Hawk Lake assets are a\nperfect strategic fit for our portfolio and growth strategy. We are\nconfident that our experienced team has the expertise to unlock the\nfull potential of these properties and create significant value for\nour shareholders. We look forward to advancing exploration programs\nfollowing the close of this transaction.\"\n \n\n\n\n Transaction Details\n \n\n\n\n Under the terms of the Agreement, Total Metals will\nprovide total consideration of\n \n\n C$9.25 million\n \n\n , comprised of:\n \n\n\n\n\n\n A cash payment of\n \n\n C$7,250,000\n \n\n payable upon closing of the\ntransaction (the “Cash Consideration”).\n \n\n\n\n\n\n C$2,000,000\n \n\n through the issuance of common shares of Total Metals (each, a\n“Total Share”) at a deemed price of $0.60 per Total Share. The\nshares will be issued at the same price per share as the equity\nfinancing undertaken to fund the transaction.\n \n\n\n\n\n\n The transaction is arm’s length.\n \n\n\n\n In determining the consideration for the acquisition of\nthe High Lake and West Hawk Lake gold properties, the Company\nconsidered, among other things: (a) that the properties are\nexploration-stage with road access ...

More updates from Total Metals Corp