Torr Metals Inc. (TSX.V: TMET) has completed the first tranche of its non-brokered private placement, raising $492,310 through the issuance of 760,919 flow-through units at $0.12 per unit and 4,010,000 non-flow-through units at $0.10 per unit. The proceeds will support exploration and development at Torr’s 100%-owned Filion Gold Project in northern Ontario, strategically located near the Trans-Canada Highway. CEO Malcolm Dorsey highlighted strong shareholder support and the potential for grassroots discoveries in the historically underexplored gold corridor. The placement includes flow-through shares qualifying under Canadian tax law and non-flow-through shares with attached warrants exercisable at $0.20 until December 2026. Final approval from the TSX Venture Exchange is pending.
To view the full press release, visit https://ibn.fm/fmt8G
About Torr Metals Inc.
Torr Metals is a Vancouver-based mineral exploration company focused on defining and developing the substantial exploration potential of the approximately 240-kilometer Kolos Copper-Gold Project, located within the prolific Quesnel Terrane in central British Columbia. Year-round access is provided by Highway 5, with the project being favorably located 23 kilometers north of the city of Merritt and 286 kilometers by highway from Vancouver, British Columbia. For more information about the company, please visit www.TorrMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to TMET are available in the company’s newsroom at https://ibn.fm/TMET
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