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An announcement from GPM Metals ( (TSE:GPM) ) is now available.
GPM Metals Inc. has increased the size of its previously announced non-brokered private placement to raise up to C$1 million through the issuance of up to 13,333,333 units at C$0.075 per unit, each comprising one common share and a warrant exercisable at C$0.10 for 36 months. The financing, which is subject to TSX Venture Exchange approval and a standard four-month-plus-one-day hold period, is expected to close around February 19, 2026, with no finder’s fees and anticipated insider participation for up to 2,333,333 units; proceeds will be directed toward exploration at the Walker Gossan Project in Australia and for general corporate and working capital needs, underscoring the company’s ongoing push to advance its flagship zinc-silver-lead asset.
More about GPM Metals
GPM Metals Inc. is a Toronto-based mineral exploration company focused on large base metals deposits in Australia. Its key asset is the wholly owned Walker Gossan Project in East Arnhem Land, Northern Territory, a district-scale zinc-silver-lead property covering roughly 190,000 hectares.
Average Trading Volume: 187,678
Technical Sentiment Signal: Sell
Current Market Cap: C$10.78M
See more data about GPM stock on TipRanks’ Stock Analysis page.