Metallic Minerals Corp Secures Additional Financing for Exploration Projects
VANCOUVER, BC — Metallic Minerals Corp. (TSX.V: MMG) (OTCQB: MMNGF) (FSE: 9MM1), a Vancouver-based mining exploration company specializing in silver and gold projects, has successfully closed its final private placement financing. On August 26, 2025, the company announced the completion of a flow-through share offering, raising approximately $1.3 million through the issuance of 4,800,000 common shares at $0.27 per share.
This latest financing round follows two previous offerings on July 30, 2025, and August 25, 2025, which collectively raised $8 million. The funds from the flow-through offering are earmarked for eligible Canadian Exploration Expenses at the company’s high-grade Keno Silver project, located adjacent to Hecla Mining’s Keno Hill Silver operations, and its Klondike Gold Alluvial Royalty portfolio.
Earlier in the week, on August 25, 2025, Metallic Minerals announced an additional $2 million raised through a non-brokered private placement financing. This round involved the issuance of 3,000,500 units at $0.24 per unit, with each unit comprising one common share and one-half of a common share purchase warrant. The proceeds from this offering were also directed towards exploration activities.
With a market capitalization of CAD 37,780,000 and a close price of $0.22 on August 24, 2025, the company has experienced fluctuations in its share price, reaching a 52-week high of $0.31 on June 4, 2025, and a low of $0.13 on December 29, 2024. Despite a negative price-to-earnings ratio of -10.725, the company’s strategic financing efforts underscore its commitment to advancing its exploration projects in Canada.
These recent financial activities highlight Metallic Minerals Corp.’s ongoing efforts to bolster its exploration capabilities and capitalize on its strategic projects in the metals and mining sector.