Irruptive Metals Corp. has amended its agreement with Canaccord Genuity Corp. to increase its previously announced bought deal private placement to $50,000,000 in gross proceeds, driven by strong investor demand.

The upsized offering comprises 40,000,000 units priced at $1.25 per unit. Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant entitling the holder to acquire an additional common share at $1.65 for 24 months following the closing of the offering.

The company has also granted the underwriters an option to purchase up to an additional 8,000,000 units at the offering price for up to $10,000,000 in additional gross proceeds, exercisable up to 48 hours prior to the closing of the offering.

Net proceeds from the financing will be directed toward advancing the Pimentón Project, as well as for general corporate purposes and working capital requirements. Exploration at the project is carried out in partnership with joint venture partner Minera Tamidak Limitada, following a recent inaugural 3,084-metre diamond drilling campaign that returned 795.2 metres grading 0.66% copper equivalent in hole IMP002.

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

Read the full announcement: Irruptive Metals Announces Upsize of "Bought Deal" Private Placement to $50 Million