Collective Metals Announces Closing of Private Placement for Gross Proceeds of CDN $1,438,665.72

Core Viewpoint - Collective Metals Inc. has successfully closed a non-brokered private placement, raising approximately $1.44 million through the issuance of 16,925,479 units at a price of $0.085 per unit [1][2]. Group 1: Offering Details - The Offering consists of units, each comprising one common share and one transferable common share purchase warrant, with the warrants exercisable at $0.105 for 24 months [1]. - An accelerated expiry clause allows the company to shorten the warrant expiry if the share price exceeds $0.20 for ten consecutive trading days [1]. - Finder's fees of $57,020.75 and 670,833 finder's warrants were paid to arm's length parties in connection with the Offering [2]. Group 2: Use of Proceeds - The proceeds from the Offering will be utilized for general working capital purposes [2]. Group 3: Company Overview - Collective Metals Inc. is a resource exploration company focused on critical and precious metals exploration in North America [4]. - The company's Rocas project spans 4,002 hectares and is located 75 kilometers southwest of the Key Lake Mine, featuring several uranium showings with historical mineralized outcrop grab samples grading up to 0.5 wt.% U3O8 [5].