C3 Metals Inc. announced a private placement of 100,000,000 common shares at a price of CAD 0.07 per share for the gross proceeds of CAD 7,000,000 on November 1, 2023. The transaction is expected to close on November 15, 2023. Closing of the placement is subject to receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange.

All securities issued in connection with the placement will be subject to a hold period of four months plus a day from the date of issuance.