Collective Metals Announces Private Placement Financing

Group 1 - Collective Metals Inc. intends to complete a non-brokered private placement financing of up to 4,180,000 units at a price of $0.06 per unit, aiming for aggregate gross proceeds of up to $250,800 [1][2] - Each unit will consist of one common share and one share purchase warrant, with the warrant allowing the purchase of one share at an exercise price of $0.075 for a period of 24 months [1][2] - The net proceeds from the offering are intended for general corporate and working capital purposes [2] Group 2 - The closing of the offering is subject to certain conditions, including the receipt of necessary regulatory approvals [2] - The company may pay finder's fees in connection with the offering, and there will be a hold period of four months and one day on all securities issued under the placement [2] - Collective Metals Inc. specializes in precious metals exploration in North America, with its flagship property being the Princeton Project located in British Columbia [4] Group 3 - The Landings Lake Lithium Project, located in northwestern Ontario, hosts significant reserves of lithium [5] - The Landings Lake Project covers 3,146 hectares and is situated 53 km east of Ear Falls, Ontario [5] - The Whitemud Project, neighboring the Landings Lake Project, consists of 381 single cell mining claims totaling 7,775 hectares [5]