Vortex Metals Upsizes Non-Brokered Private Placement
Vortex Metals Upsizes Non-Brokered Private
Placement
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2025) - Vortex Metals Inc. (TSXV: VMS)
(FSE: DM8) (OTCQB: VMSSF) ("
Vortex
" or the"
Company
") announces that further to its news
release dated September 11, 2025, due to strong interest from investors, it has increased the size of its
previously announced non-brokered private placement of securities (the "
Offering
") from up to
15,000,000 units (the "
Units
") to up to 17,500,000 Units at a price of $0.04 per Unit.
Each Unit will be comprised of one common share of the Company (a "
Share
") and one-half of one
common share purchase warrant (each whole warrant, a "
Warrant
"). Each whole Warrant will entitle the
holder thereof to purchase one additional Share for a period of 36 months from the date of issuance at
an exercise price of $0.08 per Share. A maximum of 17,500,000 Units will be issued in the Offering.
The Warrants will be subject to an acceleration clause which allows the Company to accelerate the
expiry date of the Warrants if after 18 months from the date of issuance, the trading price of the Shares
exceeds $0.15 for a period of 10 consecutive days.
Vortex intends to allocate the gross proceeds raised from the sale of the Units as follows: approximately
40% to pay for mining concession fees, approximately 40% to pay for exploration fees and remaining
20% for general working capital purposes.
The Company may pay finders' fees comprised of cash and non-transferable Share purchase warrants
in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange (the
"
TSXV
").
All securities issued under the Offering will be subject to a hold period expiring four months and one day
from the date of issuance in accordance with applicable securities laws. Completion of the Offering and
the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals,
including the approval of the TSXV. The Offering may close in multiple tranches as subscriptions are
received.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States of America. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "
1933 Act
"), or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act)
unless registered under the 1933 Act and applicable state securities laws, or an exemption from such
registration is available.
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.
Contact Information:
Vikas Ranjan, President and CEO
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 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 completion
of the Offering; the anticipated proceeds to be raised under the Offering; the intended use of proceeds
raised under the Offering; and the potential payment of finders' fees in connection with the Offering.
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: delays in obtaining or failure to obtain the required
regulatory approvals for the Offering; market uncertainty; the inability of the Company to complete the
Offering on the terms disclosed, or at all; the inability of the Company to raise the anticipated
proceeds under the Offering; changes in the Company's business plans impacting the intended use
of proceeds raised under the Offering; and the state of the financial markets for the Company's
securities.
In making the forward-looking statements in this news release, the Company has applied several
material assumptions, including without limitation, that: the Company will obtain the required
regulatory approvals for the Offering; the Company will be able to complete the Offering on the terms
disclosed; the Company will be able to raise the anticipated proceeds under the Offering; and the
Company will use the proceeds of the Offering as currently anticipated and on the timeline currently
expected. 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 out-look that are incorporated by reference herein, except in
accordance with applicable securities laws. We seek safe harbor.
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