Metallis Resources Inc. Upsizes Private Placement Amid High Demand

In a strategic move to capitalize on investor interest, Metallis Resources Inc., a Vancouver-based mineral exploration and development company, has announced an increase in its non-brokered private placement. Originally announced on May 22, 2025, the company has upsized the offering from 8,437,500 units to 10,625,000 units, raising the potential gross proceeds from $1.35 million to $1.7 million. This decision underscores the robust demand for Metallis’ shares and reflects confidence in the company’s growth trajectory.

The financing will consist of up to 10.625 million units, each priced at $0.16. Each unit comprises one common share and one non-transferable share purchase warrant. These warrants provide the holder the option to purchase an additional common share at $0.26 per share over a three-year period, offering a potential upside for investors.

Metallis Resources Inc., listed on the TSX Venture Exchange, operates within the metals and mining sector, focusing on acquiring, exploring, and developing properties for metal resources. The company’s recent financial maneuver is a testament to its proactive approach in securing capital to fuel its exploration and development initiatives.

The offering is expected to close next week, with shares issued on closing subject to a trading hold period expiring four months plus one day from the issuance date. The completion of this private placement is contingent upon receiving all necessary regulatory approvals and final acceptance by the TSX Venture Exchange.

With a market capitalization of approximately 13.9 million CAD and a close price of $0.18 as of June 4, 2025, Metallis has demonstrated resilience in a volatile market. The company’s 52-week high was $0.35, while its low stood at $0.07, reflecting the dynamic nature of the metals and mining industry.

This upsized placement not only provides Metallis with the necessary funds to advance its projects but also signals strong investor confidence in its strategic direction. As the company continues to explore and develop its mineral properties, this capital infusion positions it well to capitalize on future opportunities in the metals and mining sector.