Arras Minerals Accelerates Warrant Expiry

Arras Minerals Corp. announced the acceleration of the expiry date for certain outstanding warrants. These warrants, initially issued on June 6, 2024, will now expire on March 14, 2025, unless exercised. The decision follows the company's right under the terms of the warrants, activated by the average trading price of its shares reaching or exceeding $0.60 for 15 consecutive days.

As of February 12, 2025, 10,084,330 warrants remain unexercised. Each warrant allows the holder to purchase one common share at $0.40. If all warrants are exercised, the company could gain approximately $4.03 million. Investors interested in exercising should contact their advisors before the deadline.

The securities are not registered in the United States and cannot be offered or sold there. This move does not constitute a solicitation to sell or buy in any jurisdiction where illegal.