Collective Metals Inc announce a non-brokered private placement of up to 1,129,033 flow-through units at a price of CAD 0.31 per flow-through Unit for gross proceeds of up to CAD 350,000.23 on November 13, 2023. Each flow-through Unit will be comprised of one common share of the Company issued on a flow-through basis and one-half of one share purchase warrant. Each Warrant exercisable to acquire one half non-flow-through common share of the Company at a price of CAD 0.35 per Warrant Share for a period of 24 months from the date of issuance.

The closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals. The Company may pay finder's fees in connection with the Offering.