BeMetals Corp. Enhances Cash Position and Plans Private Placement

BeMetals Corp., listed on the TSX Venture Exchange, has announced the sale of marketable securities, raising approximately C$1,133,000. Conducted through the TSX Venture Exchange, this boosts the company's cash reserves to around C$1,520,000. Additionally, BeMetals plans a non-brokered private placement to issue up to 10,700,000 flow-through common shares at C$0.07 each, aiming to collect a maximum of C$749,000.

The proceeds are earmarked for the company's Savant Gold Project in Ontario, Canada, with exploration activities including sampling and mapping slated to begin in October. The funds will cover eligible Canadian exploration expenses by December 2026, offering benefits to subscribers by year-end 2025. Approval from the TSX Venture Exchange remains a prerequisite for closing this placement. The shares will undergo a four-month hold, adhering to Canadian securities laws.