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The latest update is out from Arctic Fox Minerals Corp. ( (TSE:COMT) ).
Collective Metals Inc. has launched a non-brokered private placement of up to 7,500,000 flow-through units at C$0.20 each, targeting gross proceeds of up to C$1.5 million. Each unit includes a flow-through share and half a warrant, with full warrants exercisable at C$0.25 for 24 months and subject to an accelerated expiry if the stock trades above C$0.30 for 10 consecutive days.
The company plans to direct all proceeds to eligible Canadian exploration expenses at its Rocas uranium project, with the expenditures to be renounced to investors as flow-through mining expenditures effective December 31, 2026. The financing, offered under prospectus exemptions and subject to Canadian Securities Exchange approval, is intended to advance exploration on a historically mineralized but undrilled uranium asset, potentially enhancing the project’s profile and value for stakeholders.
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 uranium project in Canada spans 4,002 hectares near existing infrastructure southwest of the Key Lake Mine and Athabasca Basin, hosting several historical uranium showings that have yet to be drill-tested.
Average Trading Volume: 150,194
Technical Sentiment Signal: Buy
For an in-depth examination of COMT stock, go to TipRanks’ Overview page.