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An update from iMetal Resources ( (TSE:IMR) ) is now available.
iMetal Resources has closed a non-brokered private placement of 4,160,777 flow-through units at $0.13 per unit, raising gross proceeds of approximately $540,901. Each unit consists of one flow-through common share and half a warrant, with full warrants exercisable at $0.20 until December 17, 2027, and the company also issued finder’s warrants and cash commissions to intermediaries, with all securities subject to resale restrictions until April 18, 2026. The financing strengthens iMetal’s funding position for exploration work at its Gowganda West gold property in Ontario’s Abitibi Greenstone Gold Belt, supporting ongoing advancement of its flagship project and reinforcing its positioning as a junior explorer focused on unlocking value in a highly prospective mining camp.
More about iMetal Resources
iMetal Resources Inc. is a Canadian-based junior exploration company focused on exploring and developing a portfolio of mineral resource properties in Ontario and Quebec. Its flagship Gowganda West project is an exploration-stage gold asset in the Shining Tree Camp of the Abitibi Greenstone Gold Belt, adjacent to the Juby Deposit and near the Timmins Gold Camp, while its Ghost Mountain and Carheil properties offer additional gold and multi-metal exploration potential in the Abitibi region.
Average Trading Volume: 105,289
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$4.52M
Learn more about IMR stock on TipRanks’ Stock Analysis page.