CMC Metals Ltd announces new fundraising for its exploration projects

CMC Metals Ltd. has communicated its intention to launch a private offering without an investment intermediary, providing for the sale of units at $0.035 per unit for a total amount of up to $1,200,000. These units consist of one common share and one warrant allowing the purchase of one share at $0.05 over a 12-month period. The company aims to mainly finance its property and exploration expenses, notably for the Gavilanes project in Mexico, with 85% of the net revenues obtained.

The fundraising could also include the payment of search fees under certain conditions, in accordance with the regulations of the TSX Venture Exchange. The securities issued will be subject to a restriction period of four months and one day. The transaction is subject to obtaining required regulatory approvals, including those from TSXV. It is important to note that the securities offered will not be registered under the US Securities Act of 1933 and may not be offered or sold in the United States without registration or exemption.