# Collective Metals Plans $515K Private Placement at $0.015 per Unit

- URL: https://stocks.freetheai.org/news/collective-metals-plans-515k-private-placement-at-0-015-per-unit-303c8b
- Published: 2026-10-16T03:55:00Z
- Category: company_news; sentiment: bearish; impact: medium
- Symbols: [CSE:COMT](https://stocks.freetheai.org/symbols/CSE-COMT)
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Collective Metals Inc. (COMT) announced plans to conduct a non-brokered private placement aiming to raise up to $515,000 in gross proceeds. Under the proposed financing, the company intends to issue up to 34.33 million units at a price of $0.015 per unit, consisting of both hard dollar and flow-through units. Each unit includes a three-year warrant exercisable at $0.015.

The equity raise provides capital to extend the junior explorer's operational runway and support ongoing exploration efforts at its Rocas property and other mineral projects. However, the addition of new shares and attached warrants creates potential equity dilution for existing shareholders. Following the announcement, shares of the company traded at 0.015 CAD, down 25% on the day.

Completion of the private placement remains subject to regulatory approval from the Canadian Securities Exchange. Investors will be watching for the official closing of the transaction as well as subsequent exploration results and permitting milestones funded by the capital raised.

## Key points

- Collective Metals Inc. is offering up to 34.33 million units at $0.015 per unit to raise up to $515,000 in gross proceeds.
- The placement includes hard dollar and flow-through units, along with three-year warrants exercisable at $0.015 per unit.
- Proceeds from the financing are designated for ongoing exploration activities at the Rocas project and other properties.
- The offer remains subject to approval from the Canadian Securities Exchange, with company shares falling 25% to 0.015 CAD.

## Questions and answers

### How much money is Collective Metals raising in its private placement?

Collective Metals Inc. plans to raise up to $515,000 in gross proceeds through a non-brokered private placement offering up to 34.33 million units.

### What is the price per unit for the Collective Metals private placement?

The units are priced at $0.015 each. Each unit includes a three-year warrant exercisable at $0.015.

### What will Collective Metals use the proceeds for?

The company plans to use the funds to extend its operational runway and support ongoing mineral exploration at its Rocas project and other properties.