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TSX-V: TT Revises LIFE Offering and Private Placement
Thenewswireยท2025-09-29 15:00

Core Points - Total Metals Corp. has revised the terms of its listed issuer financing offering (LIFE Offering) and concurrent private placement [1] - The LIFE Offering aims to raise between $8 million and $8.7 million through the issuance of 13,333,333 to 14,500,000 units, each consisting of one common share and one warrant [2] - The Private Placement is set to raise up to $1.3 million through the issuance of at least 2,166,666 units, also consisting of one common share and one warrant [3] Financing Details - The LIFE Offering will have a minimum financing of $8,000,000 and a maximum of $8,700,000, with each LIFE Warrant exercisable at $1.00 for 36 months after issuance [2] - The Private Placement will consist of a non-brokered financing of up to $1,300,000, with each Non-LIFE Warrant exercisable at $0.90 for 36 months [3] Company Overview - Total Metals Corp. focuses on the acquisition, exploration, and development of mineral properties in the Red Lake mining district of Northern Ontario, Canada [5] - The company owns 100% of the Electrolode Project, covering 3,000 contiguous hectares, which has significant historical drilling and modern airborne geophysics [5] - The Electrolode Project targets high-potential mineral resources in three favorable geologic trends and is strategically located near major mines [5]