On August 14, 2025, Hercules Metals Corp. closed a brokered private placement of 24,644,500 common shares at a price of $0.70 per common share for aggregate gross proceeds of approximately $17 million.
The offering was conducted on a “best efforts” agency basis with Canaccord Genuity Corp. and BMO Capital Markets, as co-lead agents and co-lead bookrunners and First Nations Financial Markets Limited Partnership.
Cassels acted for the agents.