11:50 AM EDT, 10/09/2025 (MT Newswires) -- Emperor Metals ( EMAUF ) said Thursday it has closed its private placement of units, raising $9.94 million. The company issued 14.7 million units at $0.20 each, and 25 million flow-through units at $0.28 apiece.

The units were issued under the listed issuer financing exemption.

The company will use the proceeds from the sale of the FT units, for expenditures related to the Duquesne West Project and Lac Pelletier Project in Quebec. Proceeds raised from the sale of the common units will be used for general expenses and working capital purposes.

Emperor shares are down $0.01 to $0.18, on the Canadian Securities Exchange.

Price: 0.18, Change: -0.01, Percent Change: -2.78