Total Metals Corp. Closes First Tranche of Private Placement for C$9,119,309.40
Vancouver, BC — October 22, 2025 — Leads & Copy — Total Metals Corp. has closed the first tranche of its non-brokered private placement, raising gross proceeds of C$9,119,309.40. The company issued 15,198,849 units at C$0.60 each. Each unit includes a common share and a warrant, allowing the holder to buy another common share at C$0.90 for 36 months.
The securities are subject to a four-month hold period. Net proceeds will fund exploration and development at the Electrolode Project, acquisition costs for the High Lake and West Hawk Lake gold projects, and general corporate purposes.
The company paid finders’ fees totaling C$573,226.75 and issued 945,378 finder warrants. Each warrant allows the holder to purchase a common share at C$0.60 for 36 months.
Total Metals Corp. focuses on acquiring, exploring, and developing mineral properties in the Red Lake mining district of Northern Ontario, Canada. The company owns 100% of the Electrolode Project.
David Burga, P. Geo., Independent Director of the Company, is a Qualified Person and has reviewed and approved the scientific and technical information in this press release.
Tyler Thorburn, President and Chief Executive Officer, info@totalmetalscorp.com, (416) 873-7662
Source: Total Metals Corp.
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