T2 Metals Corp. announced a non-brokered private placement of up to 8,000,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 2,000,000 on May 8, 2024. Each unit will consist of one common share and one-half common share purchase warrant.

Each whole warrant will entitle the holder to purchase an additional common share at a price of CAD 0.40 for a period of three years from closing. There will be insider participation in the financing. Finders' fees may be paid on a portion of the financing.

All securities issued in the financing are subject to a four-month hold period and to all necessary regulatory approvals, including the final acceptance of the TSX Venture Exchange.