Wedoany.com Report, On March 6, 2026, Trinity One Metals Ltd. announced the completion of a non-brokered private placement, raising a total of $5.34 million. The company raised these funds through the issuance of 26.7 million units at a price of $0.20 per unit.

Trinity One Metals' financing consists of two parts: a LIFE Offering and a concurrent private placement. The LIFE Offering involved 16.7 million units, generating proceeds of $3.34 million. Securities issued under this offering are not subject to a statutory hold period under Canadian securities laws. The concurrent private placement involved 10 million units, generating proceeds of $2 million, with the securities' hold period set to expire on July 7, 2026.

Each unit consists of one common share and one-half of one transferable share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $0.30 per share for a period of 36 months following the closing date of the offering, subject to acceleration, and may not be exercised until 60 days after the closing date.

The company paid $259,000 in finder's fees and issued 1.299 million finder's warrants as commissions based on proceeds and unit sales. The net proceeds from the financing will be used to advance the exploration of mineral properties, technical evaluations, and project development. This includes validating recently acquired properties, confirming historical data and conducting early-stage field work, as well as for general working capital purposes.

Trinity One Metals Ltd. is a company focused on precious and base metal exploration, dedicated to building a portfolio of high-growth projects through modern exploration methods. This financing is intended to support the further development of its asset portfolio.