Mr. Mark Saxon reports
T2 METALS CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT
T2 Metals Corp., further to its news releases dated March 13, 2026, March 25, 2026, and April 1, 2026, has now completed the final tranche of its non-brokered private placement by issuing a total of 136,000 units for gross proceeds of $68,000. The company has issued an aggregate of 14,881,262 units, at a price of 50 cents per unit, for total gross proceeds of $7,440,631. Each unit comprised one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of 75 cents for a period of two years from closing.
Mark Saxon, president and chief executive officer of T2 Metals, said: "On behalf of the company, we sincerely appreciate the support of new and existing shareholders in closing an upsized financing. With our strong balance sheet, we are well positioned to execute on our exploration goals and we look forward with confidence for the coming field season."
Certain insiders of the company participated in the financing and purchased an aggregate of 110,000 units. Participation of the insiders in the offering constituted a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, but was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities issued to the insiders nor the consideration paid by the insiders exceeded 25 per cent of the company's market capitalization. None of the company's directors expressed any contrary views or disagreements with respect to the foregoing. The company did not file a material change report 21 days prior to the closing of the offering as the details of the participation of the insiders of the company had not been confirmed at that time.
Finders' fees in the amounts of $59,650 cash and 119,300 finders' warrants have been paid on a portion of the financing. Each finder's warrant is convertible into one common share at a price of 75 cents for a period of two years from closing. Net proceeds will be used for working capital, acquisition of the Aurora project and exploration of the company's project portfolio.
All securities issued in the financing are subject to a four-month hold period and to all necessary regulatory approvals, including the final acceptance of the TSX Venture Exchange.
About T2 Metals Corp.
T2 Metals is an emerging precious and critical strategic metals company enhancing shareholder value through exploration and discovery. T2 Metals is committed to engage with rights holders and stakeholders with the highest level of respect, ensuring that the company's exploration activities contribute positively to the communities in which T2 Metals operates.
We seek Safe Harbor.
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