07:20 AM EST, 12/17/2024 (MT Newswires) -- Metalex Ventures Ltd. ( MXTLF ) overnight Monday announced that it will undertake a non-brokered private placement to raise gross proceeds of up to $1.05 million.

A statement noted the Offering will be comprised of flow through shares priced at $0.025 per FT share. The proceeds proceeds will be used for the advancement of the company's Quebec projects.