Core Points - Giga Metals Corp. has successfully closed the second tranche of its non-brokered private placement financing, following the first tranche closure on July 30, 2025 [1][2] - The second tranche raised gross proceeds of $188,000, consisting of 555,556 flow-through units at $0.09 each and 1,725,000 hard dollar units at $0.08 each [2] - The proceeds from the flow-through offering will be allocated to advance the Turnagain project and other potential Canadian properties, adhering to the definition of "flowthrough mining expenditures" under the Tax Act [4] Financial Details - The second tranche included 555,556 FT Units generating $50,000 and 1,725,000 HD Units generating $138,000 [2] - Each FT Unit comprises one flow-through common share and one warrant, while each HD Unit consists of one common share and one warrant, with warrants exercisable at $0.11 for three years [3] - Finder's fees for the offering amounted to $9,100 in cash and 108,889 finder's warrants, each exercisable at $0.08 for three years [5] Future Plans - A third tranche of the private placement is expected to close around August 20, 2025, pending necessary regulatory approvals [6] - The Turnagain Project, a core asset of Giga Metals, is noted for its significant undeveloped sulphide nickel and cobalt resources, with a Pre-Feasibility Study released in October 2023 [8]