Irruptive Metals Corp. has entered into an agreement with Canaccord Genuity Corp. for a bought deal private placement to raise gross proceeds of $30 million through the sale of 24 million units at $1.25 per unit.

Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant allows the holder to acquire an additional common share at a price of $1.65 for a period of 24 months following the closing of the offering.

The underwriters also hold an option to purchase up to an additional 3.6 million units at the offering price, which could generate another $4.5 million in gross proceeds if exercised up to 48 hours before closing.

Net proceeds from the financing will be directed toward advancing the Pimentón copper-gold project in Chile, alongside general corporate purposes and working capital needs.

The offering is subject to customary conditions, including the receipt of all necessary regulatory approvals and acceptance from the TSX Venture Exchange. Closing is anticipated to occur on or about September 10, 2026. Securities issued under the placement will carry a four-month and one-day hold period in Canada.

Irruptive recently completed its go-public transaction on the exchange under the ticker symbol IRR following a three-cornered amalgamation. The financing follows the completion of the company's inaugural 3,084-metre diamond drilling campaign across four holes at Pimentón. Chile's Environmental Assessment Service previously confirmed that the deep porphyry confirmation drilling program at the asset is exempt from submission to the Environmental Impact Assessment System.

Read the full announcement: Irruptive Metals Announces $30 Million "Bought Deal" Private Placement