GPM Metals Announces Up to C$500,000 Non-Brokered Private Placement

GPM Metals Inc. has announced a non-brokered private placement offering to raise up to C$500,000 in capital to advance its Australian base metals exploration activities. The financing involves the issuance of up to 6,666,666 units priced at C$0.075 per unit, with each unit consisting of one common share and one warrant exercisable at C$0.10 for a 36-month period following closing.

The capital raised will primarily support exploration efforts at the company's flagship Walker Gossan Project, a district-scale zinc-silver-lead exploration property covering 190,000 hectares in East Arnhem Land, Northern Territory, Australia. The remaining proceeds will be allocated to general corporate purposes and working capital requirements. Company insiders are expected to participate in the offering for up to 1,666,666 units, representing approximately one-third of the total placement.

The financing structure reflects typical junior mining company funding mechanisms, with the warrant component providing potential additional capital if the company's share price appreciates above the C$0.10 exercise price over the next three years. The offering is subject to standard regulatory approvals including TSX Venture Exchange acceptance, with an anticipated closing date of February 13, 2026.

For GPM Metals, this financing provides essential working capital to continue developing what the company describes as a district-scale base metals opportunity in a jurisdiction with established mining infrastructure. The Walker Gossan Project's focus on zinc, silver, and lead positions GPM in commodities that have seen increased attention due to their roles in renewable energy infrastructure and industrial applications. The successful completion of this placement would provide the company with runway to advance exploration activities and potentially define additional resources at the property.