Intrepid Metals announces $6 million private placement financing

Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) announced a non-brokered private placement offering of up to 17,142,857 units at $0.35 per unit for aggregate gross proceeds of $6 million.

Each unit consists of one common share and one-half of one common share purchase warrant. Each full warrant entitles the holder to acquire one additional common share at $0.50 for 24 months from the closing date.

All securities issued in the offering will be subject to a four-month hold period from the date of issuance. The company intends to close the offering on or around October 24, 2025, subject to TSX Venture Exchange approval.

The Vancouver-based company stated it will use net proceeds for exploration expenditures, working capital, property payments and as a bridge to completion of a strategic partnership transaction.

Finder's fees of 6% in cash and 6% in non-transferrable finder warrants exercisable at $0.35 for 24 months from closing may be paid on a portion of the offering in accordance with TSX Venture Exchange policies.

Intrepid Metals focuses on exploring for copper, silver, and zinc mineral projects in southeastern Arizona. The company's portfolio includes the Corral Copper Project, the Tombstone South Project in Cochise County, Arizona, and the Mesa Well Project in Arizona's Laramide Copper Porphyry Belt.

The information is based on a press release statement from the company. The securities have not been registered under the United States Securities Act of 1933 and may not be offered or sold within the United States absent registration or an applicable exemption.

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