Total Metals Corp (TSX‑V: TT) Updates on Executive Appointment and Asset Acquisition

Total Metals Corp (TSX‑V: TT) announced on October 30, 2025 that Robert Penczak has been appointed as Vice President of Exploration. The appointment was reported by The NewsWire and repeated by CEO.ca at 11:05 GMT, confirming the company’s intent to strengthen its exploration leadership team. Mr. Penczak’s role will focus on advancing the development of the company’s mineral properties, particularly the recently acquired High Lake and West Hawk Lake assets.

On October 28, 2025, the company completed the acquisition of the High Lake and West Hawk Lake properties from McFarlane Lake Mining Limited (CSE: MLM, OTCQB: MLMLF). The transaction closed for a total consideration of $9.25 million, comprising $7.25 million in cash and 3,333,333 common shares of Total Metals, issued at a deemed price of $0.60 per share. The sale was confirmed by Access Newswire, Finanznachrichten.de, and OTCMarkets at 11:02 GMT on the same day.

The closing of the final tranche of a non‑brokered private placement was also reported by The NewsWire at 11:35 GMT, indicating that the company has secured additional capital to support its exploration programs.

These developments are part of Total Metals’ strategy to expand its portfolio of mineral properties and enhance its exploration capabilities within the Metals & Mining sector. The company’s market capitalization stands at 5.37 million CAD, with a current share price of 1.23 CAD as of October 28, 2025. The 52‑week trading range is 0.16 – 1.40 CAD, and the price‑earnings ratio is –13.7, reflecting the company’s focus on exploration rather than current profitability.