Newmont buys 3,224,700 Metallic Minerals units in $902,916 private placement at $0.28 each

Reuters2026/07/21 11:32

By:Reuters

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Metallic Minerals completed a non-brokered private placement with Newmont, issuing 3,224,700 units at $0.28 per unit for $902,916.
Each unit includes one common share, one-half warrant; each whole warrant is exercisable at $0.4 for 36 months from 61 days post-close.
Financing maintained Newmont’s ownership at about 9.2% under participation rights tied to a May 18, 2023 investor rights agreement.
Proceeds earmarked for exploration and development at the La Plata project in Colorado, with remaining funds for working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Metallic Minerals Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202607210730ACCESSWRNAPR_____1193777) on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Newmont buys 3,224,700 Metallic Minerals units in $902,916 private placement at $0.28 each

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