12:45 PM EDT, 08/14/2025 (MT Newswires) -- Q2 Metals ( QUEXF ) on Thursday said it raised $26 million in a private placement of 26-million flow-through shares at $1.00 apiece, including $5 million from the full exercise of the over-allotment option.

Twenty-five million shares were offered under the listed issuer financing exemption (LIFE), while one-million shares were non-LIFE.

Proceeds will be used for Canadian exploration expenses.

Q2 Metals ( QUEXF ) shares were last seen down $0.04 to $0.84 on the TSX Venture Exchange.

Price: 0.84, Change: -0.04, Percent Change: -4.55