Supreme Critical Metals Inc. Announces Closing of Common Share Financing
Rhea-AI Summary
Supreme Critical Metals (OTC:VRCFF) has successfully completed its previously announced Common Share Financing, raising $1,086,182 through the issuance of 10,861,820 common shares at $0.10 per share.
The company paid finder's fees of $55,094.56 and issued 350,000 common shares to qualified finders. The net proceeds will be allocated towards general corporate purposes and advancing exploration activities on the company's mineral properties.
Positive
- Successfully raised $1,086,182 in new capital through share offering
- Funds secured for exploration advancement of mineral properties
Negative
- 10.2% share dilution through issuance of 11,211,820 new common shares (including finder's fees)
- Additional cash expenses of $55,094.56 in finder's fees
News Market Reaction
On the day this news was published, VRCFF declined 6.76%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / September 18, 2025 / Supreme Critical Metals Inc. (CSE:CRIT)(FWB:V6R)(OTC:VRCFF) ("Supreme" or the "Company") is pleased to announce that it has closed its previously announced Common Share Financing (the "Offering"). The Company raised proceeds of
The Company paid finder's fees on the Offering to qualified finder's of
The Company intends to use net proceeds of the Offering for general corporate purposes and to advance exploration on the Company's mineral properties.
About Supreme Critical Metals Inc.
SUPREME CRITICAL METALS INC. is a publicly traded diversified investment corporation actively exploring and investigating multiple opportunities in silver, copper, uranium and precious metals. The Company adheres to strategic guidelines that prioritize regions conducive to mining, supported by favourable government regulations and existing infrastructure.
For further information, please contact:
George Tsafalas, Director
Phone: Toll Free 1(778) 373-8578
E-mail: info@supremecritalmetals.com
www.supremecriticalmetals.com
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects", "intends", "plans", "may", "will", and similar expressions, although not all forward-looking information contain these identifying words.
More particularly and without limitation, the forward‐looking information in this news release includes: expectations regarding the Company's business plans and operations. Forward-looking information is based on a number of factors and assumptions that have been used to develop such information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the Company's current expectations, assumptions and/or beliefs based on information currently available to the Company.
Whether actual results, performance, or achievements will conform to Supreme's expectations and predictions is subject to a number of known and unknown risks and uncertainties, which could cause actual results and experience to differ materially from Supreme's expectations. Such material risks and uncertainties include, but are not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of this release.
SOURCE: Supreme Critical Metals Inc.
View the original press release on ACCESS Newswire
FAQ
How much did Supreme Critical Metals (VRCFF) raise in its September 2025 share offering?
What is the price per share for Supreme Critical Metals' 2025 common share financing?
How will Supreme Critical Metals use the proceeds from its 2025 share offering?
What finder's fees did Supreme Critical Metals pay for its 2025 share offering?
