Integral Metals Corp. has completed its non-brokered private placement, raising aggregate gross proceeds of C$1,250,000 through the issuance of 3,125,000 units priced at C$0.40 each.

Each unit consists of one common share issued as a flow-through share under the Income Tax Act (Canada) and one transferable common share purchase warrant. Each warrant entitles the holder to acquire one non-flow-through common share at an exercise price of C$0.50 for a period of 18 months from issuance. All securities issued under the offering are subject to a statutory and exchange hold period of four months and one day from the date of issuance.

The gross proceeds from the flow-through shares will be used to incur eligible Canadian exploration expenses that qualify as critical flow-through mining expenditures. Integral intends to renounce these expenses to the initial purchasers with an effective date no later than December 31, 2026, in an aggregate amount not less than the gross proceeds raised.

The exploration expenditures will be directed toward the company's mineral properties, anchored by the KAP Project in the Northwest Territories. The property is an exploration-stage asset where a diamond drilling program completed in 2025 intersected zinc, gallium, and germanium mineralization. Integral also plans to carry out a further diamond drilling program at the site to test mineralized zones for those critical metals.

Outside of the Northwest Territories, Integral holds two other early-stage rare earth element assets within its portfolio: the Burntwood project in Manitoba and the Woods Creek project in Montana.

Read the full announcement: Integral Metals Announces Closing of Non-Brokered Flow-Through Private Placement