Transition Metals Corp Upsizes Critical Flow Through Financing to $743,133
Transition Metals Corp Upsizes Critical Flow
Through Financing to $743,133
Sudbury, Ontario--(Newsfile Corp. - September 29, 2025) - Transition Metals Corp. (TSXV: XTM)
("
Transition
" or the "
Corporation
") is pleased to announce it has upsized its non-brokered critical
mineral flow through private placement financing ("
CFT Offering
") originally announced on September
22, 2025. Demand for the CFT Offering has allowed the Company to increase the placement to a total of
$743,133 in gross consisting of 9,908,439 Critical Flow Through Shares (the "
CFT Shares
") at a price
of $0.075 per CFT Share.
A finder's fee may be paid in connection with a portion of the financing to finders, as determined by
mutual agreement between the Corporation and the finders and subject to regulatory approval. The
finders' fee will consist of 6% cash for CFT Shares sold to investors introduced by such finders and an
additional 6% non-transferable share purchase warrants equal to 6% for CFT Shares sold to investors
introduced by such finders (the "
Compensation Warrants
"). The Compensation Warrants will permit
the finder to purchase one common share in the capital of the Company for 18 months from closing at a
price of $0.12.
Proceeds from the CFT Shares issued in connection with the CFT Offering will be used to explore and
advance critical minerals properties in Ontario (Saturday Night PGM) and Yukon (Pike Warden Au-Ag-
Cu). The securities issued in connection with the CFT Offering, including any common shares issued
upon exercise of the Compensation Warrants, will be subject to a four-month restricted resale period
and applicable securities legislation hold periods outside of Canada from the closing date. Completion
of the CFT Offering will be subject to all necessary approvals, including the approval of the TSX Venture
Exchange. There can be no assurance that the CFT Offering will be completed as proposed or at all.
Certain officers and directors of the Company may participate in the private placement, which
constitutes a "related party transaction" for purposes of Multilateral Instrument 61-101 -
Protection of
Minority Security Holders in Special Transactions
("
MI 61-101
"). Such participation is exempt from the
valuation and minority approval requirements of MI 61-101 by virtue of the fact that the Company is not
listed on a specified market set out in section 5.5(b) of MI 61-101 and the value of CFT Shares
subscribed for by such officers and directors is less than $2,500,000 in accordance with the
requirements of section 5.7(b) of MI 61-101.
About Transition Metals Corp
Transition Metals Corp (TSXV: XTM) is a Canadian-based, multi-commodity explorer. The award-
winning team of geoscientists has extensive exploration experience which actively develops and tests
new ideas for discovering mineralization in places that others have not looked, often allowing the
company to acquire properties inexpensively.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in this news release constitutes
"forward-looking information" within the meaning of Canadian securities law. Such forward-looking
information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects",
"believes", "may", "will" and include without limitation, statements regarding estimated capital and
operating costs, expected production timeline, benefits of updated development plans, foreign exchange
assumptions and regulatory approvals. There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially from such statements. Factors that could
cause actual results to differ materially include, among others, metal prices, competition, risks inherent in
the mining industry, and regulatory risks. Most of these factors are outside the control of the Company.
Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise
required by applicable securities statutes or regulation, the Company expressly disclaims any intent or
obligation to update publicly forward- looking information, whether as a result of new information, future
events or otherwise.
Further information is available at
www.transitionmetalscorp.com
or by contacting:
Scott McLean
President and CEO
Transition Metals Corp
Tel: (705) 677-6178
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 PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS,
IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES
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STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND
MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT
REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/268463