Collective Metals Launches $1.5 Million Private Placement for Exploration Funding

An announcement from Arctic Fox Minerals Corp. ( (TSE:COMT) ) is now available.

Collective Metals Inc. plans to raise up to C$1.5 million through a non-brokered private placement of up to 17,647,058 units priced at C$0.085 each, with each unit comprising one common share and one transferable warrant exercisable at C$0.10 for two years, subject to an accelerated expiry if the share price trades above C$0.20 for 10 consecutive days. Proceeds will be directed toward exploration activities on the company’s properties, including its uranium-bearing Rocas project, and for general working capital, potentially strengthening its funding base for advancing early-stage assets while diluting existing shareholders and signalling continued appetite for high-risk exploration capital in the critical and precious metals sector.

More about Arctic Fox Minerals Corp.

Collective Metals Inc. is a North American resource exploration company focused on critical and precious metals. Its flagship Rocas project in Saskatchewan spans 4,002 hectares near the Athabasca Basin and hosts several historical uranium showings over roughly 900 metres of strike length that have yet to be drill-tested.

Average Trading Volume: 83,765

Technical Sentiment Signal: Buy

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