Emperor Metals announces $6.5 million private placement financing

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) announced it has entered into an agreement with SCP Resource Finance LP to lead a private placement offering to raise gross proceeds of up to $6.5 million.

The offering consists of up to 12.5 million common units priced at $0.20 each for proceeds of up to $2.5 million, and up to 14.3 million flow-through units at $0.28 each for proceeds of up to $4 million. Each common unit includes one common share and one-half warrant, while each flow-through unit includes one flow-through share and one-half warrant. The warrants are exercisable at $0.35 per share for 24 months following closing.

The agents have an option to increase the offering size by up to 15% of the offered securities. Emperor Metals will pay a 6% cash commission to the agents and issue warrants equal to 6% of the total securities issued.

"We are thrilled to be partnering with SCP on this brokered financing," said John Florek, Chief Executive Officer. "With Emperor Metals' Maiden Mineral Resource Estimate at the Duquesne West Property effectively doubling the historical resource, we see a clear and compelling path to increasing the resource once again through continued, targeted exploration."

The company plans to use net proceeds to advance its Duquesne West Project and Lac Pelletier Project in Quebec, along with general administrative expenses and working capital purposes. The offering is expected to close on or about October 7, 2025, subject to regulatory approvals including approval from the Canadian Securities Exchange.

The securities will be offered in Canadian provinces under the listed issuer financing exemption and may also be offered in the United States through private placement exemptions.

You May Also Be Interested In

• Chevron signed an agreement with Iraq's Basra Oil Company to advance commercial negotiations for West Qurna 2
• ACI Worldwide exploring sale of billing division - Reuters
• Boxabl completes SPAC merger, begins trading on Nasdaq at $3.5B value