1. Miata Metals closed a prospectus offering, raising $11.5M. 2. Proceeds will fund exploration at Sela Creek and general corporate activities. 3. Strong institutional interest boosts shareholder base depth. 4. Company aims to advance discoveries at Jon's Trend in 2026. 5. Related party participation noted, not requiring formal valuation.
FAQ
Why Bullish?
The successful capital raise strengthens MMETF's financial position, preceding further exploration and potential discoveries. Historically, such fundings correlate with stock price appreciation if project developments succeed.
How important is it?
The capital raised allows for substantial exploration efforts, directly influencing MMETF's valuation and market position. Institutional backing signals confidence that may lead to increased investor interest.
Why Long Term?
The implications of funding and discoveries will unfold over the coming years, especially as exploration activity ramps up. Similar to past cases, successful drilling results typically enhance long-term valuations.
Miata Metals Corp. Closes $11.5 Million Public Offering
VANCOUVER, British Columbia, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB: MMETF) has successfully completed its public offering of common shares. The offering raised a total of $11,500,080 by issuing 23,958,500 common shares at a price of $0.48 per share. This announcement is pivotal for Miata as it fully exercises its over-allotment option.
Details of the Offering
The common shares were issued under a short form prospectus dated December 3, 2025. This prospectus was filed with regulatory authorities across Canada, excluding Québec, along with other jurisdictions where exemptions under relevant securities laws apply.
Miata Metals intends to allocate the net proceeds from the offering towards exploration activities at its Sela Creek project in Suriname, alongside general working capital and corporate purposes.
Company Statements and Future Plans
Dr. Jaap Verbaas, CEO of Miata, expressed his enthusiasm regarding the offering's closure, stating, “This represents a significant milestone for Miata. We’re extremely encouraged by the strong institutional demand, which has enhanced our shareholder base.” He highlighted recent discoveries at Jon’s Trend and other promising targets at Sela Creek as key drivers for the company's fully-funded work program in 2026.
The company aims to further delineate its discovery at Jon’s Trend while systematically pursuing additional mineral findings at the Sela Creek property.
Underwriting and Related Parties
The public offering was conducted on a “best-efforts” agency basis through Cormark Securities Inc., which acted as the lead agent and bookrunner. Other firms involved in the offering included:
- Clarus Securities Inc.
- H&P Advisory Limited
- Agentis Capital Markets (First Nations Financial Limited Partnership)
- Canaccord Genuity Corp.
- Haywood Securities Inc.
Additionally, a related party within the company participated in the offering for a total of $27,360. This participation qualifies as a related party transaction under Multilateral Instrument 61-101, but the company is relying on exemptions from the formal valuation and minority shareholder approval requirements.
About Miata Metals Corp.
Miata Metals Corp. (CSE: MMET) is a Canadian mineral exploration company listed on multiple exchanges, including the OTCQB under the symbol MMETF. The firm is focused on the acquisition, exploration, and development of mineral properties, particularly its interests in the Sela Creek and Nassau Gold projects in Suriname.
Contact Information
For further inquiries, please contact:
Dr. Jacob (Jaap) Verbaas | CEO & Director
Tel: +1 (778) 488-9754
Email: info@miatametals.com
Cautionary Statements
This press release contains forward-looking statements regarding Miata Metals Corp.'s future activities and plans, including the anticipated use of proceeds from the offering. Readers are cautioned not to place undue reliance on these statements, as actual results may significantly differ due to various factors.