GPM Metals Inc. announced a non-brokered private placement of up to 6,250,000 units at CAD 0.08 per unit for gross proceeds of CAD 500,000 on June 23, 2022. Each unit consists of one common share and one half share purchase warrant. Each warrant entitles the holder to acquire one additional common share at CAD 0.10 per share for a period of 36 months from relevant closing date.

The insiders of the company may subscribe for up to 5,000,000 units in the Offering. The offering is currently scheduled to close on or about July 22, 2022 and remains subject to the receipt of all applicable regulatory approvals.