TECTONIC METALS INC - TETOF STOCK NEWS

Tectonic Metals Inc. (TSXV:TECT; OTCQB:TETOF) has closed the first tranche of its extended C$1.0 million non-brokered private placement offering, issuing 9,780,334 units at C$0.06 per unit for gross proceeds of C$586,820. Combined with the original offering, the company has raised C$3,657,459 in total. Each unit consists of one common share and a half warrant exercisable at C$0.10 for two years.

The offering included both freely tradeable LIFE units and restricted HOLD units. Finders' fees of C$27,720 and 462,000 warrants were paid. Proceeds will be used to advance the Flat Gold Project and for working capital. A second tranche is expected to close within 30 days, subject to TSXV approval.

Tectonic Metals Inc. (TSX-V:TECT)(OTCQB:TETOF) held its Annual General Meeting of Shareholders (AGM) on September 19, 2024. The company announced that shareholders approved all matters voted on at the online meeting. These included:

• Re-election of Antonio Reda, Allison Rippin Armstrong, Joseph J. Perkins, John Armstrong, and Michael W. Roper to the Board of Directors
• Re-appointment of Davidson & Company LLP as auditors
• Approval of the Company's Equity Incentive plan

The announcement reflects the shareholders' continued support for the current leadership and strategic direction of Tectonic Metals.

Tectonic Metals Inc. (TETOF) announced impressive results from its first-ever scoping metallurgical heap leach column tests at the Flat Gold Project in Alaska. The tests achieved gold recoveries of 96% and 91% on coarse ¾-inch material, comprising both oxidized and non-oxidized fresh mineralized drillcore. Key findings include:

- Rapid leach kinetics with over 80% gold recovery within 29-36 days
- Heap leach potential confirmed for both oxidized and non-oxidized mineralization
- No agglomeration required, potentially enhancing efficiency and lowering costs
- Potential for run-of-mine heap leaching, similar to Kinross Gold's Fort Knox Mine

These results suggest the possibility of a cost-effective, large-scale mining operation in a stable jurisdiction, further establishing the Flat Project as a key asset in Tectonic's portfolio.

Tectonic Metals Inc. (TSX-V:TECT)(OTCQB:TETOF) has launched its 2024 drilling program at the Flat Gold Project in Alaska. The project covers 99,000 acres on Alaskan Native-owned land under Doyon, Key targets include:

1. Chicken Mountain: A 6.5 km x 6.0 km monzonite intrusion with a 4 km-long gold-in-soil anomaly.

2. Adit-Happy Structure: A 2 km long structural corridor intersecting Chicken Mountain.

3. Alpha Bowl: Northern extension of Chicken Mountain, to be drilled for the first time.

4. Golden Apex: A 2.5 km-long and 2.0 km-wide intrusion target with historical drilling.

Initial drill assay results are expected by the end of October 2024. The Flat Gold System spans a 20 km trend and has historically produced about 1.4 million ounces of placer gold.

Tectonic Metals Inc. (TSX-V:TECT; OTCQB:TETOF) has announced 2024 assay results from four historical core holes drilled in 2003 at the Flat Gold Project in Alaska. The results reveal new intrusion-hosted gold corridors at Chicken Mountain and validate a Reduced Intrusion-Related Gold System (RIRGS) at Golden Apex. Key findings include:

1. Identification of new mineralized zones and confirmation of historical intersections
2. Validation of geochemical and geophysical vectors to mineralization
3. Golden Apex: RIRGS target validated with highlight intervals of 12.34 m @ 1.08 g/t Au
4. Chicken Mountain: New mineralized corridors discovered with up to 263.65 m of gold mineralization

These results underscore the potential for uncovering significant gold resources across multiple intrusions at Flat, positioning Tectonic for success in future exploration programs.

Tectonic Metals Inc. (TSX-V:TECT)(OTCQB:TETOF) has successfully closed an oversubscribed non-brokered private placement for gross proceeds of C$3,070,639 by issuing 51,177,317 Units at C$0.06 per Unit. Due to strong investor interest, the company is extending the offering for an additional C$1,000,000. With these funds, Tectonic is set to commence its 2024 drill program on the Flat Gold Project in Alaska.

The company also appointed Jesse Manna as Investor Relations, bringing his geology expertise to enhance communication with investors. Additionally, Tectonic granted 2,600,000 incentive stock options to various company personnel.

Tectonic Metals Inc. (TSX-V:TECT)(OTCQB:TETOF) announces a C$3,000,000 non-brokered private placement led by strategic shareholder Crescat Capital. Up to C$2,500,000 of the offering will use the Listed Issuer Financing Exemption (LIFE), allowing for freely tradeable shares. The offering includes units priced at C$0.06, each comprising one common share and a half-warrant exercisable at C$0.10 for two years. Proceeds will fund the 2024 drill program at the Flat Gold Project.

Crescat Capital, Tectonic's largest shareholder, is doubling down on its investment, citing the Flat Project's potential as a tier-one gold asset. Recent metallurgical tests indicate the gold mineralization is amenable to low-cost heap leach processing. Tectonic plans to drill test multiple new kilometer-scale targets, building on the 1.8 km of mineralized strike already identified at Chicken Mountain.

Tectonic Metals has initiated a multi-phase metallurgical column test program to evaluate the viability of low-cost heap leaching for gold extraction at the Chicken Mountain bulk-tonnage target, part of their Flat Gold Project in Alaska. This follows promising 2023 test results showing 95% gold recovery. The 2024 program's first phase uses historic drill core samples to assess leach kinetics and optimal crush sizing, aiming to reduce energy and operational costs. Tests include assay head sample analysis, bottle roll leach testing, and column leach testing. The work is conducted by Base Metallurgical Laboratories under the guidance of metallurgical engineer Fred Lightner.