07:12 AM EDT, 07/08/2025 (MT Newswires) -- Argyle Resources ( ARLYF ) on Tuesday closed its non-brokered private placement financing of units at $0.58 apiece for gross proceeds of approximately $1.7 million.

Each FT unit is made up of one common share and one-half of one common share purchase warrant. Each whole FT warrant will allow the holder to buy one common share at an exercise price of $0.68 for a period of 24 months from the date of issuance.

The proceeds from the private placement will be used to advance the company's exploration activities at its properties in Quebec and Ontario.