Metallic Minerals to Raise C$8 Million Through Private Placement

Metallic Minerals Corp. has announced a bought deal private placement through Red Cloud Securities Inc. This initiative aims to generate gross proceeds of C$8 million. The offering consists of 14,286,000 units priced at C$0.28 each, gathering C$4 million. Additionally, 10,390,000 flow-through units priced at C$0.385 will also collect approximately C$4 million. Each unit includes one common share and half a warrant, while each flow-through unit also comprises a common share and half a warrant.

The proceeds will primarily support exploration at Metallic's La Plata Project in Colorado and Keno Silver Project in Yukon. The offering is expected to close by June 22, 2026, pending regulatory approvals. These securities are not registered under U.S. laws and are available in Canada and select jurisdictions.