Mr. James Rogers reports
CLARITY METALS CORP. ANNOUNCES CLOSING OF SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Further to Clarity Metals Corp.'s news release of Nov. 21, 2025, it has completed a second tranche of its non-brokered private placement as previously announced on Oct. 23, 2025, pursuant to which it has issued 280,000 flow-through units in the capital of the company at a price of nine cents per FT unit for gross proceeds of $25,200. The company received aggregate proceeds of $1,124,910.03 from the first and second tranche of the offering. The non-flow-through and flow-through private placement is closed.
Each FT unit will consist of one critical flow-through common share of the company and one-half of one share purchase warrant. Each warrant entitles the holder to purchase an additional common 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.
The gross proceeds from the issuance of the FT 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 FT units in an aggregate amount not less than the gross proceeds raised from the issue of the FT units.
No finders' fees were paid in connection with the closing of the second tranche.
All securities issued in connection with the second tranche will be subject to a statutory hold period expiring four months and one day after closing of the second tranche.
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.
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