Metallic Minerals Secures C$6 Million in Brokered Private Placement

Metallic Minerals Corp. has successfully closed a brokered private placement, raising gross proceeds of C$6,000,024. The Offering involved the sale of 25,000,100 units at C$0.24 per Unit, with each Unit comprising one common share and one-half common share purchase warrant. The funds will support the advancement of the La Plata project in Colorado and exploration at the Keno Silver project in Yukon.

Agents for this Offering included Cormark Securities Inc., Canaccord Genuity Corp., SCP Resource Finance LP, and Beacon Securities Limited. The proceeds will aid in corporate purposes alongside project development. The Company also plans a Non-Brokered Offering to accommodate management and insiders, including Newmont Corporation, which will exercise its participation rights.

Securities were sold under Canadian and U.S. exemptive provisions, ensuring compliance with applicable laws. The Company allocated cash fees and broker warrants to Agents for their services.