08:59 AM EDT, 03/28/2025 (MT Newswires) -- Yukon Metals ( YMMCF ) , which fell 12% on Thursday, doubled the size of a previously announced private placement to $10 million.

The company said the offering will consist of the issuance and sale of 18.2 million units of the company at $0.55 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant shall entitle the holder thereof to buy one common share of the company at $0.80, subject to certain conditions.

Yukon Metals ( YMMCF ) has granted the co-agents an option, exercisable in whole or in part, at any time prior to 48 hours before the closing date, expected on or about April 9, to increase the size of the offering to raise additional proceeds of up to $1.5 million. The company intends to use proceeds for working capital and general corporate purposes.