Collective Metals Announces Private Placement

Core Viewpoint - Collective Metals Inc. is proposing a non-brokered private placement financing to raise up to $1,500,000 by issuing up to 17,647,058 units at a price of $0.085 per unit [1][3] Financing Details - Each unit will consist of one common share and one transferable common share purchase warrant, with the warrants exercisable at $0.10 for two years [2] - An accelerated expiry clause allows the company to shorten the warrant expiry if the share price exceeds $0.20 for ten consecutive trading days [2] Use of Proceeds - The funds raised will be allocated towards exploration activities on the company's property and for general working capital [3] Regulatory Compliance - The units will be offered to qualified investors under exemptions from prospectus and registration requirements, with a hold period of four months and one day on all securities issued [4] Company Overview - Collective Metals Inc. specializes in resource exploration for critical and precious metals in North America [6] - The company's Rocas project spans 4,002 hectares and is located near the Athabasca Basin, hosting several uranium showings with historical mineralized samples [7]