13:45:02 EST Sat 22 Nov 2025
Enter Symbol
or Name
USA
CA



Clarity Metals Corp
Symbol CMET
Shares Issued 68,579,810
Close 2025-11-20 C$ 0.065
Market Cap C$ 4,457,688
Recent Sedar Documents

Clarity Metals closes first tranche of financing

2025-11-21 17:01 ET - News Release

Mr. James Rogers reports

CLARITY METALS CORP. ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Clarity Metals Corp. has completed a first tranche of its non-brokered private placement as previously announced on Oct. 23, 2025, pursuant to which it has issued:

  • 1,234,000 non-flow-through units in the capital of the company at a price of 7.5 cents per unit for gross proceeds of $92,550 from the sale of the units;
  • 11,190,667 flow-through units in the capital of the company at a price of nine cents per flow-through unit for gross proceeds of $1,007,160.03 from the sale of the flow-through units.

Each unit will consist of one common share of the company and one-half of one transferable share purchase warrant. Each warrant entitles the holder to purchase an additional share of the company at an exercise price of 12 cents per warrant share for a period of three years from the date of closing of the offering.

Each flow-through unit will consist of one critical flow-through common share of the company and one-half of one warrant. Each warrant entitles the holder to purchase an additional warrant share at an exercise price of 12 cents per warrant share for a period of three years from the date of closing of the offering.

The company intends to use the proceeds of the offering for the exploration of the company's Fecteau gold project, located in the province of Quebec, for marketing and for general working capital purposes. Insiders may participate in the offering.

The gross proceeds from the issuance of the flow-through units will be used to incur resource exploration expenses, which will constitute Canadian exploration expenses as defined in Subsection 66.1(6) of the tax act and flow-through critical mineral mining expenditures as defined in Subsection 127(9) of the tax act, which will be renounced with an effective date no later than Dec. 31, 2025, to the purchasers of the flow-through units in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through units.

In connection with the closing of the first tranche, the company paid an aggregate cash finders' fees of $84,772.80 and issued 951,252 finder warrants to certain eligible finders. Each finder warrant entitles the holder thereof to acquire one share at a price of 12 cents per finder warrant share for a period of three years from the date of closing of the offering.

All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering.

About Clarity Metals Corp.

Clarity Metals is a Canadian mineral exploration project generator company focused on the acquisition, exploration and development of precious and base metals projects. Clarity's exploration mandate is global and focused on countries with established legal and regulatory systems supporting mining investment. The company is based in Vancouver, B.C., and is listed on the Canadian Securities Exchange under the symbol CMET.

We seek Safe Harbor.

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