CMC Metals Ltd. announced a non-brokered private placement to issue 10,000,000 flow-through units at an issue price of CAD 0.04 per flow-through unit for the gross proceeds of CAD 400,000 and 2,857,142 non flow-through units at an issue price of CAD 0.035 per unit for the gross proceeds of CAD 99,999.97; aggregate gross proceeds of CAD 499,999.97 on April 29, 2024. The company may increase to CAD 750,000. Each FT Unit will consist of one common share and one-half of one transferrable non-flow-through share purchase warrant and Each non flow-through Unit will consist of one common share and one Warrant.

Each whole Warrant will entitle the holder thereof to acquire one non-flow-through common share at a price of CAD 0.07 per Warrant Share for a period of 24 months from the closing date of the Offering. The Company may pay finders? fees comprised of cash and non-transferable warrants in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange.

The terms of the Finder?s Warrants will be the same as the Warrants distributed in the FT Units and the NFT Units. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Closing is subject to customary closing conditions including, but not limited to, the negotiation and execution of subscription agreements and receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.