BeMetals Concludes Enhanced Flow-Through Financing

BeMetals Corp. announced the successful closure of its non-brokered private placement, securing C$848,840 through the issuance of 12,126,284 flow-through shares. Each share was priced at $0.07. The proceeds are earmarked for the Savant Gold Project in Ontario, Canada.

Kristen Reinertson, Interim CEO, expressed satisfaction with the progress at Savant, revealing plans for a high-resolution magnetics survey in the upcoming season. These activities aim to identify and prioritize exploration targets for future drilling.

The funds will cover eligible Canadian exploration expenses, meeting the criteria for "flow-through mining expenditures" as defined by the Income Tax Act. These expenses must be incurred by December 31, 2026.