TSX-V: TT announces Closing of Tranche 1 Flow-Through Financing for $5.2MM

Core Viewpoint - Total Metals Corp. has successfully closed the first tranche of its non-brokered private placement financing, raising gross proceeds of C$5,216,454 through the issuance of Critical Minerals Flow-Through Units and National Flow-Through Units [1][4]. Financing Details - The company issued 3,056,481 CMFT Units at a price of C$1.15 per unit, each consisting of one common share and one-half of a common share purchase warrant [2]. - Additionally, 1,620,477 Flow-Through Units were issued at a price of C$1.05 per unit, each comprising one flow-through common share and one-half of a warrant [3]. - The total cash finder's fees paid in connection with the offering amounted to C$312,987.24, along with the issuance of 280,618 non-transferable finder warrants [5]. Use of Proceeds - The gross proceeds from the offering will be allocated to eligible "flow-through critical mineral mining expenditures" and "flow-through mining expenditures," which will be renounced to subscribers by December 31, 2026 [4]. - The net proceeds are intended for advancing the company's wholly owned Electrolode Project, as well as the High Lake and West Hawk Lake Projects [6]. Project Overview - Total Metals Corp. is focused on its 100% owned Electrolode project, which spans 3,000 contiguous hectares and targets high-potential mineral resources in favorable geological trends [7]. - The Electrolode project is strategically located near major mines and is fully permitted for exploration drilling, featuring 10 historic mineralized zones with significant expansion potential [7]. - 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 [7].