09:07 AM EDT, 05/27/2025 (MT Newswires) -- Domestic Metals ( DMCUF ) on Tuesday said it appointed Stuart Ross as the chief financial officer, replacing Jeannine Webb.

The company also announced a non-brokered private placement of up to 13 million units at $0.23 apiece for up to $3 million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each whole Warrant entitles the holder to buy one additional share for a period of three years from the date of issuance at a price of $0.33 per share.

Domestic Metals ( DMCUF ) intends to use proceeds for exploration of its Smart Creek Property, in Montana, U.S.A., and for general working capital.

Shares of the company closed up 22% to $0.28 on Monday on the TSX Venture Exchange.