Tectonic Metals Closes $12.7 Million Financing - More Than 80% Oversubscribed - To Launch Multi-Rig Drill Program at Flat Gold Project

Tectonic Metals Closes $12.7 Million Financing - More Than 80% Oversubscribed - To Launch Multi-Rig Drill Program at Flat Gold Project

VANCOUVER, BC / ACCESS Newswire / May 20, 2025 / Tectonic Metals Inc. ("Tectonic" or the "Company") (TSXV: TECT; OTCQB: TETOF) today announced the successful closing of the Company's oversubscribed, non-brokered private placement for gross proceeds of C$12,736,300 (the "Offering").…

Tectonic raises $12.7M for Flat drilling

The large financing allows the company to aggressively drill the Alpha Bowl gold discovery. Tectonic Metals Inc. May 20 closed a vastly oversubscribed C$12.7 million ($9.2 million) financing to fund a robust 2025 drill program at the Flat Gold project in Southwest Alaska. "The market has spoken: raising C$12.7 million against a C$7 million target in mere weeks is a resounding vote of...