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Total Metals ( (TSE:TT) ) has issued an update.
Total Metals Corp. has announced a non-brokered private placement of up to 6,666,666 units at C$0.90 per unit, aiming to raise approximately C$6,000,000. The proceeds will be used to advance the company’s Electrolode, High Lake, and West Hawk Lake projects, as well as for working capital and general corporate purposes. This move is expected to enhance Total Metals’ operational capabilities and strengthen its position in the mineral resources sector, particularly in the Red Lake Gold camp area. The private placement is subject to regulatory approvals and is scheduled to close on or around November 28, 2025.
More about Total Metals
Total Metals Corp. is focused on its 100% owned Electrolode project, covering 3,000 contiguous hectares. The project targets high-potential mineral resources in three favorable geologic trends, located near major mines in the Red Lake Gold camp. It is strategically positioned between Kinross Gold’s Great Bear Project and First Mining Gold’s Springpole Project.
Average Trading Volume: 144,243
Technical Sentiment Signal: Buy
Current Market Cap: C$27.21M
Learn more about TT stock on TipRanks’ Stock Analysis page.