Arras Minerals Secures C$4 Million through Warrant Exercises

Arras Minerals Corp. announced the successful exercise of all 10,134,332 common share purchase warrants, resulting in gross proceeds of C$4,053,733. This boosts the company's financial position as it prepares to advance its exploration programs in Kazakhstan. The proceeds will support the Phase 2 program at the Elemes project and further initiatives in collaboration with the Arras-Teck Strategic Alliance.

The company also granted 241,196 restricted share units (RSUs) to certain officers as a 2024 performance award. Additionally, 1,495,484 RSUs granted in February 2024 were settled into common shares by mid-March 2025, leading to a total of 100,865,297 common shares now outstanding.