Excalibur Metals Upsizes Private Placement to Raise Up to $3.6 Million

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

Excalibur Metals Corp. has increased its previously announced non-brokered private placement to as many as 18,000,000 units at $0.20 per unit, for potential gross proceeds of up to $3.6 million. Each unit will include one common share and one-half warrant, with full warrants exercisable at $0.30 for 24 months, and all securities will be subject to a four-month hold period.

Net proceeds are earmarked for exploration work, working capital, investor relations, and general administrative costs, with the financing expected to close in March 2026 subject to TSX Venture Exchange approval. The structure includes potential finder’s fees of 7% in cash and 7% in non-transferable finder warrants, underscoring the company’s push to secure funding for advancing its Nevada-focused precious metals exploration strategy.

More about Excalibur Metals Corp.

Excalibur Metals Corp. is a Canadian exploration company focused on precious metals projects in established mining districts across 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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