11:09 AM EDT, 08/26/2025 (MT Newswires) -- Emerita Resources ( EMOTF ) on Tuesday closed a brokered private placement of share units for about $25 million and its concurrent non-brokered upsized private placement of units for $1.1 million.

In a private placement conducted on a best-efforts agency basis, it issued 23.8-million units at $1.05 apiece. The company issued 1.0 million units at $1.05 apiece pursuant to the non-brokered offering.

Each unit is made up of a share and one half of a two-year a warrant to buy a share for $1.30.

Proceeds will be used to continue the exploration and development work on its Spanish mineral properties and for general corporate and working capital needs.

Emerita shares were last seen down $0.02 to $1.08 on the TSX Venture Exchange.

Price: 1.08, Change: -0.02, Percent Change: -1.82