Treasury Metals Inc announced a non-brokered private placement of a minimum of approximately 17,391,304 flow-through units at a price of CAD 0.23 per FT Unit for a gross proceeds CAD 3,999,999.92 on May 1, 2024. The transaction includes participation from new individual investor, Frank Giustra acting as lead subscriber. Each FT Unit will consist of one common share and one common share purchase warrant.

Each Warrant will be exercisable at a price of CAD 0.35 for a period of 36 months following the closing of the Concurrent Financing. Completion of the Concurrent Financing is subject to obtaining the required TSX approvals and satisfaction of customary closing conditions. The FT Shares and Warrants to be issued in connection with the Concurrent Financing, will be subject to a statutory four-month and one day hold period from the closing date.