Vortex Metals Announces Non-Brokered Private Placement
Vortex Metals Announces Non-Brokered
Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2026) - Vortex Metals
Inc.
www.vortexmetals.ca
(TSXV: VMS) (FSE: DM8) (OTCQB: VMSSF) ("
Vortex
" or the"
Company
")
is pleased to announce a non-brokered private placement (the "
Offering
") for gross proceeds of up to
$850,000 comprising of17,000,000 units (each, a "
Unit
") at a price of $0.05 per Unit.
Each Unit will consist of one common share in the capital of the Company (a "
Common Share
") and
one-half of one common share purchase warrant (each whole warrant, a "
Warrant
"). Each Warrant is
exercisable to acquire one common share (a "Warrant Share") at a price of $0.06 per Warrant Share for
a period of three years from the date of issuance.
The warrants will have an acceleration clause whereas
after 12 months from date of grant, if trading price stays above $0.20 for 10 consecutive days the
warrants can be accelerated.
The Company intends to use the proceeds for exploration activities at the Company's Illapel Copper-
Silver Project in Chile and for general working capital purposes.
All securities issued with respect to the Offering will be subject to a hold period of four months and one
day from the date of issuance in accordance with applicable securities laws. Closing of the Offering is
subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange (the
"
Exchange
"). The Offering may close in multiple tranches as subscriptions are received. Finders' fees
may be payable in connection with the sale of the Units in accordance with the policies of the Exchange.
None of the securities sold under the Offering have been and will not be registered under the United
States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United
States absent registration or an applicable exemption from the registration requirements. This news
release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale
of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be
unlawful.
About Vortex Metals Inc.
Vortex Metals Inc. is a copper-gold focused exploration and development company with a diversified
portfolio of exploration projects in Chile and Mexico. Vortex holds an option to acquire up to 80% interest
in the brownfield Illapel Copper Project in Chile and through its Mexican subsidiary Empresa Minera
Acagold, S.A. de C.V., it owns 100% interest in two drill-ready high-potential copper-gold volcanogenic
massive sulfide (VMS) properties, Riqueza Marina and Zaachila in Oaxaca, Mexico. The company
emphasizes responsible exploration, community engagement, and environmental stewardship to meet
the rising global demand for copper sustainably.
For further information regarding this press release contact:
Vikas Ranjan,
President and Director
Email:
Forward-Looking Statements
This press release may contain forward looking statements that are made as of the date hereof and are
based on current expectations, forecasts and assumptions which involve risks and uncertainties
associated with our business including permitting approvals, any private placement financings, the
uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral
resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices,
estimated goals, expansion and growth of the business and operations, plans and references to the
Company's future successes with its business and the economic environment in which the business
operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to
be forward-looking statements under, applicable Canadian securities legislation. Any statements
contained herein that are statements of historical facts may be deemed to be forward-looking
statements. By their nature, forward-looking statements require us to make assumptions and are subject
to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance
on our forward-looking statements as several factors could cause actual results or conditions to differ
materially from current expectations. Please refer to the risks set forth in the Company's most recent
annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR+ at
www.sedarplus.ca
. The Company does not intend, and disclaims any obligation, except as required by
law, to update or revise any forward-looking statements whether as a result of new information, future
events or otherwise.
The Company cautions that mineralization on, or production from, neighbouring properties is no
guarantee of the existence of similar mineralization or a guarantee of future production from the Illapel
Project.
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.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
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