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Supreme Critical Metals Announces Closing of Second and Final Tranche of LIFE Offering
TMX Newsfile· 2026-02-17 10:00
Core Viewpoint - Supreme Critical Metals Inc. has successfully closed the final tranche of its non-brokered private placement financing, raising a total of $1,141,000 through the issuance of 11,410,000 units, exceeding the initial target by 14.1% [3]. Financing Details - The second and final tranche of the LIFE Offering involved the issuance of 1,730,000 units at a price of $0.10 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [2]. - Each whole warrant allows the holder to acquire an additional common share at a price of $0.20 for a period of 24 months from the closing of this tranche [2]. - The total gross proceeds from the LIFE Offering amounted to $1,141,000, with the offering being oversubscribed at a rate of 114.1% compared to the originally announced maximum of 10,000,000 units [3]. Use of Proceeds - The net proceeds from the LIFE Offering will be utilized for general corporate and working capital purposes, as detailed in the Offering Document [5]. Regulatory Approval - The closing of the LIFE Offering received conditional approval from the Canadian Securities Exchange (CSE), and the securities issued will not be subject to a four-month and one-day statutory hold period [5]. Company Overview - Supreme Critical Metals Inc. is a publicly traded diversified investment corporation focused on exploring opportunities in lithium, copper, silver, and precious metals, operating in regions favorable for mining [7].
OROCO RESOURCE CORP. PROVIDES FINANCING UPDATE
Globenewswire· 2025-10-31 11:22
Core Viewpoint - Oroco Resource Corp. is proceeding with a non-brokered private placement financing of up to 18,000,000 Units at a price of US$0.20 per Unit, aiming for gross proceeds of up to US$3.6 million, with a minimum of US$2.0 million anticipated [1][2] Financing Details - Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole Warrant allowing the purchase of one common share at US$0.30 within 24 months [1] - The financing is designed to attract local strategic investors for the advancement of Oroco's Santo Tomas Project in Northern Sinaloa, Mexico [1][2] - The first tranche of the financing is expected to close early next week, with completion no later than November 13, 2025, subject to regulatory approvals [2] Project Overview - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomas Project, covering 1,173 hectares, and an 80% interest in an additional 7,861 hectares, totaling 9,034 hectares [3] - The project is located in the Santo Tomas District, near the Jinchuan Group's Bahuerachi Project, and hosts significant copper porphyry mineralization identified through extensive prior exploration [3] - A drill program initiated in 2021 resulted in 48,481 meters drilled across 76 diamond drill holes [3][4] Infrastructure and Accessibility - The Santo Tomas Project is situated 170 km from the Pacific deep-water port at Topolobampo, with access via highway and rail, as well as power and natural gas infrastructure [5]