Intrepid Metals Corp. announced a non-brokered private placement of non-brokered private placement of up to a minimum of 12,500,000 and a maximum of 15,600,000 units at a price of CAD 0.20 per unit for the gross proceeds of a minimum of CAD 2,500,000 and up to a maximum of CAD 3,120,000 on November 14, 2023. The transaction is expected to close on December 1, 2023.

Each full warrant shall entitle the holder thereof to acquire one additional common share at a price of CAD 0.30 for a period of eighteen (18) months from the closing date of the offering. Closing of the offering is subject to approval of the TSX Venture Exchange. The company will pay a finder?s fees of 7% in cash and 7% in finder warrants, which terms will be the same as the warrants, may be paid on a portion of the offering in accordance with the policies of the TSX Venture Exchange.