NVRO Metals Plans to Raise up to CA$35 Million in a Private Placement of Share Units

01:05 PM EDT, 10/20/2026 (MT Newswires) -- NVRO Metals (NVRO.V) plans a best-efforts private placement of share units to raise up to CA$35 million, it said Tuesday. The company's agents will look to place 269.2-million units priced of CA$0.13 each and made up of a share and a three-year warrant to buy a share for CA$0.18. The company will also grant the agents a 15% over-allotment option. The company said it expects the offering to be supported by a number of strategic investors. The company plans to use proceeds to fund the acquisition of Northern Territories Resources Pty Ltd by NVRO Metals (Australia) Pty Ltd (ACN 698 669 519), a wholly owned subsidiary of NVRO, and for transaction expenses, working capital and general corporate purposes, it added. The offering, expected to close on or about Oct. 27, is subject to the company receiving all necessary regulatory approvals, added NVRO Metals. The company's shares were last seen down CA$0.025 or 16%, to CA$0.13 on the TSX Venture Exchange. Price: 0.13, Change: -0.03, Percent Change: -16.13