Earthwise Minerals Announces Private Placement
MTIMTI(US:MTX) Accessnewswire·2026-03-20 20:15

Core Viewpoint - Earthwise Minerals Corp. is initiating a non-brokered private placement financing to raise up to $500,000 through the sale of 10,000,000 units, with each unit priced at $0.05 [1][4] Group 1: Offering Details - The Offering will consist of two types of units: Flow Through Units (FT Units) and Non-Flow Through Units (NFT Units), both priced at $0.05 per unit [1] - Each NFT Unit includes one common share and one common share purchase warrant, allowing the holder to purchase an additional common share at $0.08 for 24 months [2] - Each FT Unit consists of one common share and half of one common share purchase warrant, with proceeds intended for Canadian exploration expenses qualifying as flow-through mining expenditures [3] Group 2: Use of Proceeds - Proceeds from the FT Offering will be allocated to advance exploration activities at the Iron Range Gold Property in British Columbia [5] - Funds from the NFT Offering will be utilized for general working capital [5] Group 3: Company Overview - Earthwise Minerals Corp. is a Canadian junior exploration company focused on the Iron Range Gold Project, which is road-accessible and located in a mineralized corridor [7] - The company holds an option to earn up to an 80% interest in the project, covering an area of 10 km x 32 km along the Iron Range Fault System [7]

MTI-Earthwise Minerals Announces Private Placement - Reportify