Prospector Metals Corp. announced that it has received CAD 38.047564 million in funding from Alpayana S.A.C., B2Gold Corp. and other investors

On November 20, 2025, Prospector Metals Corp. closed the transaction. The company issued 5,500,000 flow-through common share at an issue price of CAD 1 for gross proceeds of CAD 5,500,000 and 33,554,190 non-flow through common shares at an issue price of CAD 0.97 for gross proceeds of CAD 32,547,564.3 for aggregate proceeds of CAD 38,047,564.3. A director of the company participated in the private placement on the same terms and conditions as non-arm's-length subscribers, subscribing for a total of 1,500,000 FT shares for aggregate proceeds of CAD 1,500,000.

The transaction includes participation from B2Gold Corp. for 17,758,678 shares at an issue price of CAD 0.97 for gross proceeds of CAD 17,225,917.66. There were no finders' fees or commissions paid in connection with the offering.

The securities issued under the offering are subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the offering. B2Gold has exercised an aggregate of 2,113,636 outstanding warrants of the company. Prior to completion of the offering and the exercise of outstanding warrants, B2Gold held 9,805,992 common shares of the company, representing approximately 9.2% of the issued and outstanding common shares of the company.

Upon completion of the offering and the exercise of outstanding warrants, B2Gold will hold 29,678,306 common shares representing 19.9% of the issued and outstanding common shares of the company.