09:59 AM EDT, 10/17/2025 (MT Newswires) -- Integral Metals ( ITGLF ) Friday said it plans to complete a non-brokered flow-through private placement of units priced at $0.95 each for gross proceeds of up to C$1 million.

Each unit will be made up of one flow-through common share of the company and one non-flow-through common share purchase warrant of the company to buy one common share for C$1.00 for a period of 24 months.

The company said that the gross proceeds from the sale of the FT shares are intended to be used to incur "Canadian exploration expenses" as defined in the Income Tax Act (Canada), which it plans to renounce to the initial purchasers of the FT shares.

The closing of the offering is subject to the company's receipt of all necessary regulatory approvals and it is expected to close on or about Nov. 15, 2025.

Shares of the company were last seen down 4% at $0.93 on the Canadian Securities Exchange.

Price: 0.93, Change: -0.04, Percent Change: -4.12