Tectonic Metals Stock Price, News & Analysis

Tectonic Metals (OTCQB:TETOF) has announced significant updates to its previously disclosed C$19 million financing offering. The company has increased the Life Issuer Financing Exemption (LIFE) portion by C$7.1 million, now allowing up to 14,736,842 common shares to be offered under this exemption for gross proceeds of up to C$14 million.

The offering, priced at C$0.95 per share, includes both brokered and non-brokered components. The brokered portion is being led by 3L Capital Inc., Canaccord Genuity Corp., and Research Capital Corporation. The remaining 5,263,158 shares will be allocated to accredited investors. The offering is expected to close around August 20, 2025, subject to TSXV approval.

Tectonic Metals (OTCQB:TETOF) has announced a significant upsize to its previously announced financing, now targeting up to C$19 million in gross proceeds. The offering will issue up to 20 million common shares at C$0.95 per share.

The financing includes both brokered and non-brokered components, led by 3L Capital Inc., Canaccord Genuity Corp., and Research Capital Corporation. Notably, Crescat Capital LLC, Tectonic's largest shareholder with a 20.98% stake, has increased their investment commitment to C$3 million, up from the previously announced C$2 million.

The proceeds will be used to advance the company's Flat Gold Project and for general corporate purposes. The offering is expected to close around August 20, 2025, subject to regulatory approvals.

Tectonic Metals (OTCQB:TETOF) has announced a significant financing initiative of up to C$13.5 million through an offering of up to 14,210,526 common shares at C$0.95 per share. The offering includes both brokered and non-brokered portions, with 3L Capital acting as the lead agent.

The company's largest shareholder, Crescat Capital LLC, which currently owns approximately 20.98% of Tectonic's shares, will participate with a $2 million investment. The proceeds will be used to advance the company's Flat Gold Project and for general corporate purposes. The offering is expected to close around August 20, 2025, subject to regulatory approvals.

Tectonic Metals (OTCQB:TETOF) has announced a significant financing initiative of up to C$13.5 million through a combined brokered and non-brokered offering of up to 14,210,526 common shares at C$0.95 per share.

The offering includes participation from major shareholder Crescat Capital LLC, which currently owns approximately 20.98% of Tectonic's shares and will invest an additional $2 million. 3L Capital will serve as the Lead Agent for the brokered portion, with an option to increase the offering by up to 20%.

The company plans to use the proceeds to advance its Flat Gold Project, with Phase One drilling currently underway and plans to accelerate into Phase Two drilling. The offering is expected to close around August 20, 2025, subject to TSXV approval.

Tectonic Metals (TETOF) has appointed Dr. Richard Goldfarb, a distinguished geologist and recipient of the 2023 SEG Penrose Gold Medal, to its Technical Advisory Committee. Dr. Goldfarb brings over 40 years of experience, including 35 years with the USGS, and is renowned for his expertise in orogenic gold systems and Alaskan geology. He has authored over 250 peer-reviewed publications and studied major gold systems globally, including the 39-million-ounce Donlin Gold Project located 40km from Tectonic's Flat Gold Project. The appointment comes during a transformative year for Tectonic, which has reported high-grade oxide gold discoveries, expanded mineralized strike length at Chicken Mountain, and achieved up to 96% gold recoveries in metallurgical tests. The company recently raised C$12.7 million through an oversubscribed private placement and is currently executing a Phase One drilling program.

Tectonic Metals (TETOF) has launched its largest-ever drill program at the Flat Gold Project in Alaska, deploying three drill rigs. The program focuses on the Alpha Bowl discovery, which previously yielded impressive results including 65.53m at 2.13 g/t Au. The project, located on 99,840 acres of Native-owned land, shows potential as a tier-one, free-milling and heap leachable gold opportunity. Key targets include Alpha Bowl, linked to 650,000 ounces of historic placer gold production, and Golden Apex, an underexplored target with proximity to 682,000 ounces of placer gold production. Previous metallurgical testing showed exceptional results with 96% gold recovery through heap leaching. The company aims to advance toward a maiden resource estimate and future Preliminary Economic Assessment.

Tectonic Metals (TETOF) has successfully closed an oversubscribed non-brokered private placement, raising C$12.7 million - more than 80% above its initial C$7 million target. The financing was anchored by Crescat Capital with C$3.5 million. The funds will support the company's 2025 Phase I Drill Program at the Flat Gold Project in Alaska, following up on the 2024 Alpha Bowl discovery. The project is located 40km from Novagold's Donlin Gold Project and targets the bedrock source of over 650,000 ounces of historic placer gold. Additionally, the company completed a 10-for-1 share consolidation, reducing outstanding shares from 419.8M to 42M. The financing included issuing 25.4M units at C$0.50, each comprising one share and one warrant exercisable at C$0.75 until May 2027.

Tectonic Metals (OTCQB:TETOF) has announced a 1:10 share consolidation (reverse stock split) effective May 20, 2025. The consolidation will reduce the company's outstanding shares from 419,853,777 to approximately 41,985,378. This strategic move aims to capitalize on strengthening gold prices and increasing institutional interest in gold, rather than being driven by necessity.

The consolidation, approved by shareholders in September 2023 and the Board in April 2025, will maintain the same company name and trading symbol. The new CUSIP will be 87877T608 and ISIN CA87877T6088. All outstanding warrants and stock options will be proportionally adjusted to reflect the consolidation ratio.

Tectonic Metals (TSXV: TECT; OTCQB: TETOF) has announced a C$7 million non-brokered private placement, with over C$5 million already secured from strategic investors, including a C$2 million cornerstone investment from Crescat Capital, their largest shareholder.

The funding will support the company's 2025 Phase One Drill Program at Alpha Bowl, their newest high-grade oxide discovery at the Flat Gold Project in Alaska. The initial 2024 discovery hole (CMR24-026) returned impressive results: 65.53m @ 1.22 g/t Au, including higher-grade sections.

The company also announced a 10-for-1 share consolidation, reducing outstanding shares from 419,853,777 to approximately 41,985,378. The consolidation aims to enhance institutional appeal and trading efficiency. The post-consolidation shares are expected to begin trading on the TSXV around May 16, 2025.