Collective Metals Raises Warrant Exercise Price in $1.5 Million Private Placement

Arctic Fox Minerals Corp. ( (TSE:COMT) ) has shared an announcement.

Collective Metals Inc. has amended the terms of its previously announced non-brokered private placement of up to 17,647,058 units for gross proceeds of up to approximately $1.5 million by slightly increasing the exercise price of the attached warrants from $0.10 to $0.105 per share, while keeping all other terms unchanged. The financing, which includes a four-month-plus-one-day hold period and may involve finders’ fees, is intended for qualified investors under prospectus exemptions, and the modest warrant repricing suggests the company is fine-tuning its capital-raising structure as it advances exploration at its uranium-focused Rocas project and pursues broader critical and precious metals opportunities in North America.

More about Arctic Fox Minerals Corp.

Collective Metals Inc. is a North America-focused resource exploration company specializing in critical and precious metals, with its flagship Rocas uranium project in Saskatchewan covering 4,002 hectares near the Athabasca Basin. The Rocas property hosts several historical uranium showings and mineralized outcrop samples along a 900-metre strike length, though these occurrences have yet to be tested by drilling.

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Technical Sentiment Signal: Hold

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