17:23:30 EDT Fri 21 Aug 2026
Enter Symbol
or Name
USA
CA



Irruptive Metals Corp
Symbol IRR
Shares Issued 114,592,362
Close 2026-08-20 C$ 1.40
Market Cap C$ 160,429,307
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Irruptive Metals increases financing to $50-million

2026-08-21 15:19 ET - News Release

Mr. Alfredo Bazo reports

IRRUPTIVE METALS ANNOUNCES UPSIZE OF "BOUGHT DEAL" PRIVATE PLACEMENT TO $50 MILLION

As a result of strong investor demand, Irruptive Metals Corp. has amended its agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters, to increase the size of its previous announced bought deal private placement to 40 million units of the company at a price of $1.25 per unit for aggregate gross proceeds of $50-million.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder to acquire one common share of the company for 24 months from the closing of the offering at a price of $1.65.

The company has also granted the underwriters an option to purchase up to an additional eight million units at the offering price for additional gross proceeds of up to $10-million exercisable at any time up to 48 hours prior to the closing of the offering.

The net proceeds received from the offering will be used to advance the company's Pimenton project as well as for working capital and general corporate purposes.

It is anticipated that closing of the offering will occur on or about Sept. 10, 2026, or such other date or dates as the corporation and the underwriters may agree. The offering is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. The securities sold under the offering will have a hold period in Canada of four months and one day from the closing date in accordance with applicable securities laws.

About Irruptive Metals Corp.

Irruptive Metals is a Canadian copper-gold exploration company focused on unlocking value from high-quality mineral projects in Chile. The company's flagship Pimenton project is strategically located within one of the world's most prolific porphyry copper-gold belts and has been the subject of extensive historical exploration by major mining companies, underscoring its significant discovery potential.

We seek Safe Harbor.

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