Tectonic Metals Announces Financing of up to $40 Million

Core Viewpoint - Tectonic Metals Inc. has announced a brokered private placement offering to raise up to approximately C$40 million through the sale of common shares at a price of C$2.15 per share [1] Group 1: Offering Details - The private placement offering consists of up to approximately 18,605,000 common shares [1] - The offering is being conducted by 3L Capital, BMO Capital Markets, and SCP Resource Finance LP as co-lead agents and joint bookrunners [1] - The company has granted the agents an option to increase the offering size by up to an additional 15% of the common shares sold [1]