Tectonic Metals Increases Financing Plan to C$19 Million

Tectonic Metals Inc. has adjusted its financing plan, raising the offering to a total of C$19 million. The company plans to issue up to 20 million common shares at C$0.95 each. This includes a brokered and a non-brokered offering. The life portion, now involving 14,736,842 shares, aims to generate C$14 million, a C$7.1 million increase. The remaining shares target other investors under exempt conditions.

The initiative is led by 3L Capital Inc., Canaccord Genuity Corp., and Research Capital Corporation. The closing date is anticipated around August 20, 2025, pending necessary approvals, including from the TSX Venture Exchange. The financing follows Canadian securities regulations but is not registered in the U.S.