iMetal Resources Announces Flow-Through Financing
iMetal Resources Announces Flow-Through
Financing
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) -
iMetal Resources Inc. (TSXV:
IMR) (OTCQB: IMRFF) (FSE: A7VA)
("
iMetal
" or the "
Company)
announces that it will offer (the
"
Offering
") up to 4,000,000 flow-through units (each, an "
FT Unit
"), at a price of $0.13 per FT Unit, for
gross proceeds of up to $520,000, by way of non-brokered private placement.
Each FT Unit will consist
of one common share of the Company, issued as a flow-through share within the meaning of the
Income
Tax Act
(Canada), and one-half-of-one share purchase warrant (each whole warrant, a "
Warrant
").
Each
Warrant will entitle the holder to purchase an additional common share of the Company at a price of
$0.20 for a period of twenty-four months.
The Company anticipates the net proceeds raised from the Offering will be used to conduct exploration
of the Company's Gowganda West Property, located in the Shining Tree Camp of the Abitibi
Greenstone Gold Belt within Ontario.
The Company may pay finders' fees to eligible parties who have assisted in introducing subscribers to
the Offering.
All securities issued in connection with the Offering will be subject to restrictions on resale
for a period of four-months-and-one-day in accordance with applicable securities laws.
Completion of
the Offering remains subject to receipt of regulatory approval.
Qualified Person
The technical content of the New Release has been reviewed and approved by R.Tim Henneberry,
P.Geo. (BC), a director of the Company and a Qualified Person under National Instrument 43-101.
About iMetal Resources Inc.
iMetal is a Canadian-based junior exploration company focused on the exploration and development of
its portfolio of resource properties in Ontario and Quebec. The flagship property Gowganda West is an
exploration-stage gold project with a recent discovery hole of 48.5m at 0.85 g/t gold that borders the
Juby Deposit and is located within the Shining Tree Camp area in the southern part of the Abitibi
Greenstone Gold Belt about 100 km south-southeast of the Timmins Gold Camp. The 220-hectare Ghost
Mountain property, 42 kilometres NE of Kirkland Lake, lies 5 kilometres W of Agnico Eagle's Holt and
Holloway Mine. Carheil is an exploration stage project with multi-metal potential and previous graphite
results. The project is about 170 km north of Rouyn-Noranda in the Northern Abitibi Greenstone Belt.
ON BEHALF OF THE BOARD OF DIRECTORS
,
Saf Dhillon
President & CEO
iMetal Resources Inc.
Tel. (604-484-3031)
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.
https://imetalresources.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This release may contain forward-looking statements or forward-looking information under applicable
Canadian securities legislation that may not be based on historical fact, including, without limitation,
statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate",
"intend", "expect", "potential", and similar expressions. Forward-looking statements involve known
and unknown risks, uncertainties, and other factors which may cause the actual results, performance,
or achievements of iMetal to be materially different from any future results, performance, or
achievements expressed or implied by the forward-looking statements. Forward-looking statements or
information in this release relates to, among other things, the intended use of proceeds from the
Offering. These forward-looking statements are based on management's current expectations and
beliefs and assume, among other things, the ability of the Company to successfully pursue its current
development plans, that future sources of funding will be available to the company, that relevant
commodity prices will remain at levels that are economically viable for the Company and that the
Company will receive relevant permits in a timely manner in order to enable its operations, but given
the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such
forward-looking statements or information. The Company disclaims any obligation to update, or to
publicly announce, any such statements, events or developments except as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/277315