04:32 PM EDT, 07/17/2025 (MT Newswires) -- Giga Metals ( GIGGF ) after close of trade Thursday said it is raising $0.85 million in a non-brokered private placement of share units.

The company is offering a combination of flow-through units of the company at $0.09 per FT unit; and non-flow-through units at $0.08 per NFT unit. Both unit types include a three-year warrant to buy a NFT share for $0.11.

The company intends to use the proceeds for exploration of the Turnagain nickel-cobalt project and for working capital and general corporate purposes.

The company's shares closed unchanged at $0.09 on the TSX Venture Exchange.