Vortex Metals Closes First Tranche of Non- Brokered Private Placement
Vortex Metals Closes First Tranche of Non-
Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2026) - Vortex Metals Inc. (TSXV: VMS)
(FSE: DM8) (OTCQB: VMSSF) ("
Vortex
" or the "
Company
") is pleased to announce that, further to its
news release dated July 9, 2026, it has closed the first tranche of its previously announced non-brokered
private placement (the "
Offering
") for gross proceeds of $485,500 comprising of 9,710,000 units (each,
a "
Unit
") at a price of $0.05 per Unit.
Each Unit consists 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 into one Common Share at a price of $0.06 per Warrant for a period of three years from the
date of issuance, subject to adjustment in certain events. The expiry date of the Warrants is subject to
acceleration such that, if after 12 months from the date of issuance, the closing price of the Common
Shares on any Canadian stock exchange equals or exceeds $0.20 for 10 consecutive trading days, the
Company, within 15 business days of such event, shall be entitled to accelerate the expiry date of the
Warrants to a date that is 30 calendar days from the date that notice of such acceleration is given via
news release by the Company (the "
Accelerated Exercise Period
"), with the new expiry date specified
in such news release; any unexercised Warrants shall automatically expire at the end of the Accelerated
Exercise Period (the "
Acceleration Provision
").
In connection with the Offering, the Company paid cash commissions of $9,600 to certain finders and
issued 192,000 non-transferable finder's warrants (the "
Finder's Warrants
"). Each Finder's Warrant
entitles the holder thereof to purchase one Common Share at an exercise price of $0.06 per Common
Share for a period of 36 months from the date of issuance, subject to the Acceleration Provision.
The Company intends to use the gross proceeds of the Offering to advance exploration activities at the
Company's projects in Chile and Mexico, pursue corporate development initiatives and for general
working capital purposes.
All securities issued with respect to the Offering are subject to a hold period expiring on December 12,
2026, in addition to such other restrictions as may apply under applicable securities laws. The Offering
remains subject to final acceptance from the TSX Venture Exchange (the "
TSXV
").
None of the securities sold under the Offering have been or will 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 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.
Contact Information:
Vikas Ranjan, Director
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements
This news release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the expectations or beliefs of management of
the Company regarding future events. Generally, forward-looking statements and information can be
identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of
such words and phrases or statements that certain actions, events or results "may", "could", "should",
"would" or "occur". This information and these statements, referred to herein as "forward-looking
statements", are not historical facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates and forecasts and statements
as to management's expectations and intentions with respect to, among other things: the intended use
of proceeds raised under the Offering;
the completion of an additional tranche
; and the receipt of
final regulatory approval from the TSXV.
These forward-looking statements involve numerous risks and uncertainties and actual results might
differ materially from results suggested in any forward-looking statements. These risks and
uncertainties include, among other things: market uncertainty; changes in the Company's business
plans impacting the intended use of proceeds raised under the Offering; the ability of the Company to
close an additional tranche on the terms disclosed, or at all; and that the Company will not receive the
required regulatory approvals or approval from the TSXV in connection with the Offering.
In making the forward-looking statements in this news release, the Company has applied several
material assumptions, including without limitation, that: the Company will use the proceeds of the
Offering as currently anticipated; the Company will complete an additional tranche; and the Company
will receive approval from the TSXV in connection with the Offering. Although management of the
Company has attempted to identify important factors that could cause actual results to differ materially
from those contained in forward-looking statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements and forward-looking information. Readers are cautioned that
reliance on such information may not be appropriate for other purposes. The Company does not
undertake to update any forward-looking statement, forward-looking information or financial outlook
that are incorporated by reference herein, except in accordance with applicable securities laws.
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