Giga Metals Announces Non-Brokered Private Placement of Flow-Through Shares

Core Viewpoint - Giga Metals Corp. is conducting a non-brokered private placement of 8,181,818 flow-through shares at a price of $0.11 per share, aiming to raise up to $900,000 for exploration activities at the Turnagain project and other potential Canadian properties [1][2]. Group 1: Private Placement Details - The private placement will consist of 8,181,818 flow-through shares priced at $0.11 each, with total gross proceeds expected to reach $900,000 [1]. - Proceeds from the private placement will be allocated to advance exploration activities at the Turnagain project and any other Canadian properties acquired by the company, with a commitment to incur eligible Canadian exploration expenses by December 31, 2027 [2]. - The closing of the private placement is anticipated around March 19, 2026, subject to approval from the TSX Venture Exchange and other closing conditions [3]. Group 2: Company Overview - Giga Metals Corporation's primary asset is the Turnagain Project in northern British Columbia, which contains significant undeveloped sulphide nickel and cobalt resources [5]. - The Turnagain Project is jointly owned with Mitsubishi Corporation through a subsidiary, Hard Creek Nickel, and a Pre-Feasibility Study was released in October 2023 [5].