Excalibur Metals Raises $3.6 Million in Private Placement to Fund Exploration

The latest announcement is out from Excalibur Metals Corp. ( (TSE:EXCL) ).

Excalibur Metals Corp. has closed a non-brokered private placement, raising $3.6 million through the issuance of 18,000,000 units priced at $0.20, each comprising one common share and half a warrant exercisable at $0.30 until April 2028. The funds will support exploration work at its projects, as well as working capital, investor relations and general corporate expenses, while insider participation and associated finder fees underscore internal confidence and align the financing with TSX Venture Exchange and minority protection rules.

Finder’s fees totaling $157,500 in cash and 787,500 non-transferable finder warrants were paid on a portion of the financing, with all new securities subject to a hold period ending August 9, 2026. Participation by certain officers and a director, structured under exemptions to Canadian minority shareholder protection requirements, signals management’s ongoing commitment as the company advances its U.S. precious metals exploration strategy.

More about Excalibur Metals Corp.

Excalibur Metals Corp. is a Canadian mineral exploration company focused on precious metals projects in established mining districts in the Western United States. The company holds an option to acquire 100% of the Bellehelen Project in Nevada’s historic Bellehelen Mining District and is listed on the TSX Venture Exchange under the symbol EXCL.

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Technical Sentiment Signal: Strong Buy

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