Metal Source Mining Announces $1.02 Million Private Placement with Eric Sprott and Provides Exploration Update

Core Viewpoint - Metal Source Mining Inc. has announced a non-brokered private placement financing of 3,400,000 units at a price of $0.30 per unit, resulting in gross proceeds of $1,020,000 [1][2]. Financing Details - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one additional common share at $0.40 for two years [2]. - The sole investor in this offering is Eric Sprott, who will acquire all 3,400,000 units for a total of $1,020,000 [2]. Regulatory and Closing Information - All securities issued will be subject to statutory hold periods under Canadian securities laws, and the offering is expected to close on or before December 31, 2025, pending necessary regulatory approvals [3]. Exploration Update - The company is currently drilling at the Silver Hill Project, with Hole 4 completed and additional drill holes planned as part of the ongoing exploration phase [4]. - Further updates will be provided as drilling progresses and analytical results are available [4]. Company Overview - Metal Source Mining Inc. is a Canadian exploration company focused on acquiring, exploring, and developing high-quality precious and base metal projects in mining-friendly jurisdictions [5].