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VANCOUVER, BC / ACCESS Newswire / June 3, 2026 / Metallic Minerals Corp. (TSXV:MMG)(OTCQB:MMNGF)(FSE:9MM1) ("Metallic" or the "Company") is pleased to announce that as a result of strong investor demand, the Company has increased the gross proceeds of its previously announced "bought deal" private placement (the "Underwritten Offering") from C$8,000,230 to C$10,000,620. The Company has entered into an amended agreement with Red Cloud Securities Inc. ("Red Cloud"), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for resale, with the right to arrange for substitute purchasers to purchase, the following:
17,858,000 units of the Company (each, a "Unit") at a price of C$0.28 per Unit (the "Unit Price") for gross proceeds of C$5,000,240 from the sale of Units; and
12,988,000 flow-through units of the Company (each, a "Charity FT Unit", and collectively with the Units, the "Offered Securities") at a price of C$0.385 per Charity FT Unit (the "Charity FT Unit Price") for gross proceeds of C$5,000,380 from the sale of Charity FT Units.
