Mr. Glen Watson reports
SUPREME CRITICAL METALS ANNOUNCES FINAL CLOSING OF THE FLOW THROUGH UNIT FINANCING
Supreme Critical Metals Inc. has closed the final tranche of its non-brokered flow-through unit private placement. In the first tranche, the company raised proceeds of $733,250.19 through the sale of 3,410,466 flow-through units at a price of 21.5 cents per flow-through unit. The second and final tranche the company raised proceeds of $30,100 through the sale of 140,000 units.
Pursuant to the terms of the financing, each flow-through unit consists of one common share of the company and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at an exercise price of 30 cents for 24 months, subject to the company's right to accelerate expiry if, at any time, the 20-day volume-weighted average price (VWAP) of the company's common shares is greater than 60 cents per common share for 10 consecutive days, including days where there is no trading. Each flow-through unit will qualify as a flow-through share under Subsection 66 (15) of the tax act.
Securities issued pursuant to this closing are subject to trading restrictions until April 20, 2026.
Proceeds from the offering will be used for exploration on the company's properties.
About Supreme Critical Metals Inc.
Supreme Critical Metals is a publicly traded, diversified exploration company advancing a portfolio of high-potential silver, copper, uranium and gold properties across North America. The company follows a disciplined, data-driven acquisition strategy focused on mining-friendly jurisdictions with established infrastructure, predictable permitting and supportive regulatory frameworks.
We seek Safe Harbor.
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