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Total Metals ( (TSE:TT) ) has provided an update.
Total Metals Corp. has announced a non-brokered private placement offering of Critical Minerals Flow-Through Units, National Flow-Through Units, and Manitoba Flow-Through Units, aiming to raise up to C$6.0 million. The proceeds will be used to fund eligible mining expenditures and advance the company’s Electrolode, High Lake, and West Hawk Lake projects. The offering is expected to close by December 5, 2025, pending necessary regulatory approvals. This financing move is set to bolster Total Metals’ exploration efforts and strengthen its position in the mining industry, particularly in the Red Lake Gold camp area.
More about Total Metals
Total Metals Corp. is a company focused on its 100% owned Electrolode project, which spans 3,000 contiguous hectares. The project targets high-potential mineral resources in three favorable geologic trends near major mines in the Red Lake Gold camp. It is strategically located between Kinross Gold’s Great Bear Project and First Mining Gold’s Springpole Project. The Electrolode project is fully permitted for exploration drilling and hosts 10 historic mineralized zones with significant expansion potential, along with new, untested targets ready for further exploration.
Average Trading Volume: 135,461
Technical Sentiment Signal: Buy
Current Market Cap: C$27.21M
Learn more about TT stock on TipRanks’ Stock Analysis page.