07:54 AM EDT, 07/14/2025 (MT Newswires) -- Brixton Metals ( BBBXF ) late on Friday said it closed its private placement of 18.2 million flow-through shares for $2.4 million.

The company said proceeds will be used for drilling at its Thorn Project in British Columbia. The securities issued to subscribers of the FT shares are subject to a hold period until Nov. 12.

Shares of the company closed down 9.5% to $0.095 on Friday on the TSX Venture Exchange.