03:04:51 EDT Sat 19 Jul 2025
Enter Symbol
or Name
USA
CA



Sterling Metals Corp (2)
Symbol SAG
Shares Issued 30,920,779
Close 2025-07-16 C$ 0.34
Market Cap C$ 10,513,065
Recent Sedar Documents

Sterling Metals increases private placement to $2.5M

2025-07-16 16:32 ET - News Release

Mr. Mathew Wilson reports

STERLING METALS ANNOUNCES UPSIZE OF PRIVATE PLACEMENT OF UNITS AND FLOW-THROUGH SHARES

Further to the press release of July 10, 2025, Sterling Metals Corp. has increased the size of its non-brokered private placement to up to 3,193,445 common shares in the capital of the company issued on a flow-through basis at a price of 42 cents per FT share and to up to 3,310,723 units of the company issued on a hard-dollar basis at a price of 35 cents per unit for aggregate gross proceeds of up to $2.5-million.

Each hard-dollar unit shall be composed of one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant shall entitle the holder thereof to acquire one common share at a price of 50 cents per common share for a period of two years from the closing of the offering.

All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The net proceeds from the sale of the units will be used for general working capital purposes, and the gross proceeds of the offering received from the sale of the FT shares will be used to incur Canadian exploration expenses that will qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada).

About Sterling Metals Corp.

Sterling is a mineral exploration company focused on large-scale and high-grade Canadian exploration opportunities. The company is advancing the 25,000-hectare Copper Road project in Ontario, which has past production and multiple breccia and porphyry targets strategically located near robust infrastructure, and the 29,000-hectare Adeline project in Labrador, which covers an entire sediment-hosted copper belt with significant silver credits. Both opportunities have demonstrated potential for important new copper discoveries, underscoring Sterling's commitment to pioneering exploration in mineral-rich Canada.

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