Metallic Minerals Expands Private Placement to C$10 Million

Metallic Minerals Corp. has announced an increase in its "bought deal" private placement due to strong investor demand, raising the gross proceeds to C$10 million from the initially planned C$8 million. In an amended agreement with Red Cloud Securities Inc., the underwriters agreed to purchase for resale 17,858,000 units at C$0.28 each, accumulating C$5 million, and 12,988,000 flow-through units at C$0.385 each, also totaling C$5 million.

The units include one common share and a half share purchase warrant, with each whole warrant enabling the purchase of an additional share at C$0.40 within a specified period. Proceeds from this offering will support exploration at the La Plata Project in Colorado and general corporate purposes, while proceeds from the flow-through units will focus on eligible expenses at the Keno Silver Project in Yukon.

The closing is scheduled for June 22, 2026, pending necessary approvals. Securities offered will adhere to Canadian and U.S. regulations, ensuring compliance and availability for trade under applicable laws.