Tectonic Metals Secures Up to $13.5 Million for Drilling at Flat Gold Project

Tectonic Metals Inc. has announced a financing initiative of up to C$13.5 million to accelerate its drilling campaign at the Flat Gold Project. The offering includes up to 14,210,526 common shares at C$0.95 each. The initiative is a combination of brokered and non-brokered offerings led by 3L Capital. The largest shareholder, Crescat Capital LLC, will invest $2 million as part of their pre-emptive right.

The funds will primarily support the Phase Two drilling at Tectonic’s Flat Gold Project and cover general corporate expenses. The shares issued under the offering will be available to select and general purchasers following Canadian securities law exemptions. Final closing is anticipated by August 20, 2025, pending necessary approvals.

Tony Reda, President and CEO, emphasized that this capital will help unlock the potential of the Flat Gold Project. Proceeds will also be used for general corporate purposes, with the offering subject to regulatory conditions.