04:47 PM EDT, 06/25/2025 (MT Newswires) -- Fireweed Metals ( FWEDF ) after close of trade Wednesday said it closed the second and final tranche of a non-brokered private placement offering, raising an additional $5.62 million.

The company said the tranche consisted of 3.12-million shares priced at $1.80 each sold to Nemesia S.a.r.l.

Fireweed said the closing marks the completion of its overall financing, which raised a total $60 million through a combination of brokered and non-brokered offerings, that included common and flow-through shares.

The proceeds will be used for exploration and development of Fireweed's projects in northern Canada.

The company's shares closed trading unchanged at $2.17 on the TSX Venture Exchange.