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US Critical Metals Announces Amended Terms of Non-Brokered Private Placement Offering of Units
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - US Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU0) ("USCM" or the "Company") is
About this update from Us Critical Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - US Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU0) (\"USCM\" or the \"Company\") is pleased to announce that further to its new release dated January 10, 2025, it has amended the terms of its previously announced non-brokered private placement. The Company intends to complete a non-brokered private placement (the \"Non-Brokered Offering\") of up to 24,000,000 units of the Company (each, a \"Unit\", and collectively the \"Units\") at a price of C$0.05 per Unit for gross proceeds of up to C$1,200,000, and a concurrent non-brokered private placement (the \"Concurrent Offering\") of up to 2,000,000 Units at a price of C$0.05 per Unit for gross proceeds of up to C$100,000 (collectively, the \"Offering\"). The Offering is expected to close on or around January 31, 2025 (the \"Closing Date\"). Each Unit of the Non-Brokered Offering will consist of one common share in the authorized share structure of the Company (each, a \"Common Share\", and collectively the \"Common Shares\") and one Common Share purchase warrant (each, a \"Warrant\" and collectively the \"Warrants\"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.06 per Common Share for a period of 24 months from the Closing Date of the Offering. Each Unit of the Concurrent Offering will consist of one Common Share and one Warrant. Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.065 per Common Share for a period of 24 months from the Closing Date of the Offering. The net proceeds of the Offering will be used for exploration of the Clayton Ridge Lithium Project, the Sheep Creek Rare Earth Project, the Haynes Cobalt Project, the Long Canyon Vanadium and Uranium Project and the McDermitt East Lithium Project and for general and working capital purposes. The Units will be offered and sold by private placement in Canada to \"accredited investors\" within the meaning of National Instrument 45-106 - Prospectus Exemptions and other exempt purchasers in each province of Canada and may be sold outside of Canada on a basis which does not require the qualification or registration of any of the Common Shares or the Warrants comprising the Units in the subscriber's jurisdiction. The Company may also concurrently offer and sell Units ...