on Metallic Minerals Corp. (CVE:MMG)
Metallic Minerals Corp. Secures Over $8 Million Through Private Placements
Metallic Minerals Corp. has announced the successful completion of its non-brokered private placement financing, securing $720,120. This follows the conclusion of a $6 million brokered LIFE Offering, which closed on July 30, 2025. Together, these offerings, including an upcoming flow-through share offering, are expected to raise gross proceeds exceeding $8 million. The company plans to utilize these funds to advance projects in Colorado and Yukon.
The newly raised capital will support the La Plata Copper-Silver-Gold-PGE project in Colorado and other Canadian projects. The move reflects strong investor interest, with a portion coming from Newmont Corporation. Directors and officers also participated, highlighting internal confidence.
The securities are currently subject to a hold period, and the flow-through offering is expected to close by August 27, 2025, pending TSX-V acceptance.
R. P.
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