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Emperor Metals Announces $6.5 Million "Best Efforts" Private Placement
Newsfileยท 2025-09-10 11:30
Core Viewpoint - Emperor Metals Inc. has entered into an agreement with SCP Resource Finance LP to act as lead agent for a financing offering aimed at raising gross proceeds of up to $6,500,080 [1][2] Financing Details - The offering consists of up to 12,500,000 Common Units priced at $0.20 each for gross proceeds of up to $2,500,000 and up to 14,286,000 flow-through units priced at $0.28 each for gross proceeds of up to $4,000,080 [8] - The Agents have an option to increase the offering size by up to an additional 15% prior to closing [2] Use of Proceeds - Net proceeds from the offering will be utilized to advance the Duquesne West Project and Lac Pelletier Project in Quebec, along with general administrative expenses and working capital [10] Project Potential - The company has reported a Maiden Mineral Resource Estimate at the Duquesne West Property, effectively doubling the historical resource, indicating significant growth potential through targeted exploration [4][5] - Recent drilling results include 21.7 meters of 35.2 g/t Au and 10.8 meters of 15.8 g/t Au, highlighting the scale and quality of the deposit [5] Regulatory and Compliance - The Offered Securities will be available under the "listed issuer financing exemption" and may also be offered in the United States through private placements [6][10] - Closing of the offering is expected around October 7, 2025, subject to regulatory approvals [12] Company Overview - Emperor Metals Inc. is focused on high-grade gold exploration and development in Quebec's Southern Abitibi Greenstone Belt, utilizing AI-driven exploration techniques [13] - The company is led by experienced professionals with a strong track record in advancing mining projects [14]