TSX-V: TT Announces Closing of Tranche 1 of Financing for $2.71MM

Core Viewpoint - Total Metals Corp. has successfully closed the first tranche of its non-brokered private placement financing, raising gross proceeds of C$2,713,500 [1]. Financing Details - Under Tranche 1, the Company issued 3,015,000 units at a price of C$0.90 per unit, with each unit consisting of one common share and one warrant [2]. - Each warrant allows the holder to acquire an additional common share at an exercise price of C$1.15 for a period of 36 months [2]. - The Company paid cash finder's fees totaling C$62,064 and issued 68,960 finder warrants to eligible finders [4]. Use of Proceeds - The net proceeds from the offering are intended for advancing the Electrolode Project, High Lake and West Hawk Lake Projects, as well as for working capital and general corporate purposes [3]. Project Overview - Total Metals Corp. focuses on its 100% owned Electrolode project, which covers 3,000 contiguous hectares and targets high-potential mineral resources in favorable geologic trends [5]. - The Electrolode project is strategically located near major mines and is fully permitted for exploration drilling, hosting 10 historic mineralized zones with significant expansion potential [5]. - The High Lake project has significant exploration potential, particularly in the Purex Zone, while the West Hawk Lake project consists of 23 mining claims totaling 336 hectares [5].