05:08 PM EDT, 07/23/2025 (MT Newswires) -- Q2 Metals ( QUEXF ) after trade Wednesday said it plans to raise up to $20 million through a private placement of 20 million flow-through shares priced at $1 each. The shares will be issued under the Listed Issuer Financing Exemption (LIFE).

The company will also issue up to an additional 5 million shares, which if fully exercised, will raise an additional $5 million.

Proceeds will be used to develop the company's projects in Quebec.

The offering will close around Aug. 14.

Q2 Metals ( QUEXF ) closed down $0.01, to $0.65, on the TSX Venture Exchange.