Abitibi Metals Corp. Announces C$10 Million Offering
London, Ontario, March 24, 2025 – Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) (FSE: FW0) (the “Company” or “Abitibi”) is thrilled to announce that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets, for a bought deal financing. Under the terms of the agreement, the underwriters have committed to purchase 12,500,000 Charity Flow-Through Common Shares (“Charity Flow-Through Common Shares”) at a price of C$0.55 per share and 12,500,000 Common Shares (“Common Shares”) at a price of C$0.28 per share.
Impact on Abitibi Metals Corp.
This financing, totaling approximately C$10 million in gross proceeds, will significantly bolster Abitibi’s financial position. The funds raised through the sale of Charity Flow-Through Common Shares will be eligible for Canadian charitable donation tax credits, providing an attractive incentive for investors looking to maximize their charitable contributions while supporting the Company’s exploration efforts. The net proceeds from the sale of Common Shares will be used to finance the exploration and development of Abitibi’s mineral projects.
Impact on Individual Investors
For individual investors, this financing event presents an opportunity to invest in Abitibi Metals Corp. and potentially benefit from the exploration successes and potential discoveries at the Company’s mineral projects. Furthermore, for those seeking to maximize their charitable contributions, the Charity Flow-Through Common Shares offer a unique tax advantage. It is essential to consult with a tax professional to understand the specific implications of investing in Charity Flow-Through Common Shares.
Impact on the Mining Industry and the World
The mining industry, particularly the exploration sector, often requires significant upfront capital investment. Financings like Abitibi’s offering play a crucial role in funding the discovery of new mineral deposits, which can lead to the creation of jobs, economic growth, and the supply of essential minerals and metals necessary for various industries, including technology and renewable energy. This financing event is a positive sign for the mining industry and contributes to the ongoing global efforts to secure a sustainable and responsible supply chain for critical minerals.
- Abitibi Metals Corp. raises C$10 million through a bought deal financing.
- The net proceeds will be used to finance exploration and development of mineral projects.
- Charity Flow-Through Common Shares offer tax incentives for charitable donations.
- The financing bolsters Abitibi’s financial position and supports the mining industry.
- The proceeds can contribute to economic growth, job creation, and the supply of essential minerals.
Conclusion
Abitibi Metals Corp.’s C$10 million financing is a significant milestone for the Company and the mining industry as a whole. The proceeds from the offering will enable Abitibi to advance its mineral exploration projects and contribute to the global supply of essential minerals and metals. For individual investors, this financing event presents an opportunity to invest in a promising mining exploration company while potentially benefiting from the tax advantages of Charity Flow-Through Common Shares. As the world continues to transition to a more sustainable and responsible economy, financings like this one play a vital role in ensuring a secure and reliable supply chain for critical minerals and metals.
For more information about Abitibi Metals Corp. and its mineral projects, please visit the Company’s website at www.abitibimetals.com.
