Ramp Metals Announces Upsizing of Non-Brokered Private Placement Led by Strategic Investors Eric Sprott and EarthLabs

Ramp Metals Announces Upsizing of Non-Brokered Private Placement Led by Strategic Investors Eric Sprott and EarthLabs

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that, due to investor demand, the Company is increasing the size of its previously announced non-brokered private placement financing from $4,500,000 to approximately $4,900,000 (the "Offering"). The Offering is expected to be led by Eric Sprott and EarthLabs.

The issue price of the securities in the Offering, namely the common shares of the Company (the "Common Shares") and the charity flow-through Common Shares (the "CFT Shares"), is unchanged at $0.55 per Common Share and $0.78 per CFT Share.

As described in the Company's news release dated July 17, 2024, the proceeds from the issuance and sale of the CFT Shares will be used for exploration expenses at Ramp Metals' Rottenstone SW property in Saskatchewan and the proceeds from the issuance and sale of the Common Shares will be used for both exploration expenses and general working capital.

The CFT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada).

The closing of the Offering remains subject to the approval of the TSX Venture Exchange, and all securities issued in connection with the Offering will be subject to a hold period in Canada of four months plus one day.

About Ramp Metals Inc.

Ramp Metals is a grassroots exploration company with a focus on a potential new Saskatchewan gold district. The Company currently has new high-grade gold discovery of 73.55 g/t Au over 7.5m at its flagship Rottenstone SW property. The Rottenstone SW property comprises of 32,715 hectares and is situated in the Rottenstone Domain.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the completion of the Offering, the use of proceeds therefrom, and the Company's exploration activities.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: requirements for additional capital; future prices of minerals; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; other risks of the mining industry; the inability to obtain any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting mining operations; hedging practices; and currency fluctuations.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

For further information, please contact:

Ramp Metals Inc.

Jordan Black
Chief Executive Officer
jordaneblack@rampmetals.com

Prit Singh
Director
905 510 7636

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219251

News Provided by Newsfile via QuoteMedia

RAMP:CC
The Conversation (0)
Ramp Metals (TSXV:RAMP)

Ramp Metals


Keep reading...Show less

Battery metals exploration company focused on mining assets in Saskatchewan

Ramp Metals Announces Closing of Oversubscribed Non-Brokered Private Placement for Proceeds of Approximately $3.425M

Ramp Metals Announces Closing of Oversubscribed Non-Brokered Private Placement for Proceeds of Approximately $3.425M

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that the Company has closed its previously announced non-brokered private placement financing (the "Financing") for total proceeds of $3,464,917.74. Due to investor demand, the Company increased the size of the flow-through portion of the Financing from $2.3M to approximately $3.07M.

In the Financing, Ramp Metals issued and sold an aggregate of 1,481,482 charity flow-through common shares (the "CFT Shares") at a price of $2.07 per CFT Share, plus 295,000 common shares (the "Common Shares") at a price of $1.35 per Common Share. No finder's fees were payable in connection with the Financing.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ramp Metals Announces $2.8M Non-Brokered Private Placement

Ramp Metals Announces $2.8M Non-Brokered Private Placement

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce a non-brokered private placement financing of up to approximately $2,800,000 (the "Offering").

The Offering is expected to consist of the issue and sale of:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ramp Metals Provides Drilling Update and Confirms Copper-Zinc Mineralization at Rush Target

Ramp Metals Provides Drilling Update and Confirms Copper-Zinc Mineralization at Rush Target

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that the Company has intersected semi-massive and massive sulphides with chalcopyrite and sphalerite mineralization at the Rush target.

The Rush target is a NE-SW trending conductive anomaly over 1100m in length. Rock samples from the October 2024 field program returned values of up to 1.61% copper, 0.79 g/t gold, and up to 113 g/t silver across different samples. In addition, soil geochemistry samples taken above the anomaly returned values up to 798.5ppm copper and 21,152ppb silver(21.15 g/t). More details can be found in the Press Release dated January 20th.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ramp Metals Provides Drill and Geophysics Update

Ramp Metals Provides Drill and Geophysics Update

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that the Company has completed a geophysics program at its Ranger and Rush targets on the Rottenstone SW property, with the remainder of the property to be surveyed prior to the summer exploration season. The survey was flown using the Xcite HTDEM system, with 100-meter line space to provide high-resolution data for target refinement.

Over Ranger, the survey, uncovered a series of EM anomalies to the east of the main Ranger target (Figure 1). The newly identified anomalies stretch for over 1900m along a NE-SW trending structure.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Ramp Metals Initiates Drill Program for the Rottenstone SW Gold Property

Ramp Metals Initiates Drill Program for the Rottenstone SW Gold Property

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that the Company has initiated drilling at its flagship Rottenstone SW property. The Company has completed three drill holes near Ranger-01, where 73.55 gt Au over 7.5m was identified previously. Each drill hole at Ranger has encountered the quartz diorite intrusion where the gold was previously intersected. The core is being flown back to the core shack daily where it will be logged, sampled, cut, and sent to the lab for assays.

The Company plans to drill a total of 12-15 holes across three mineralized zones including Ranger, Rush, and Rogue as shown in (Figure 1). More information on the three mineralized zones can be found in the Ramp Metals January 20th press release.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Cygnus reports a 78% increase in M&I resource at its Chibougamau Copper-Gold Project

Cygnus reports a 78% increase in M&I resource at its Chibougamau Copper-Gold Project

HIGHLIGHTS:

  • Global Measured & Indicated Mineral Resource ("M&I") estimate of 6.4 Mt at 3.0% CuEq for 193kt CuEq and Inferred Mineral Resource of 8.5 Mt at 3.5% CuEq for 295 kt CuEq in accordance with JORC 2012 and CIM Definition Standards (CIM, 2014)
  • Total contained metal is exclusively Copper, Gold and Silver:
    • M&I: 149kt Cu, 167 koz Au & 1.6 Moz Ag (for 193 kt CuEq or 884 koz AuEq)
    • Inferred: 182 kt Cu, 454 koz Au & 2.2 Moz Ag (for 295 kt CuEq or 1.3 Moz AuEq)
  • This update includes an initial Mineral Resource Estimate ("MRE") for the new Golden Eye deposit and the other existing hub-and-spoke deposits of Corner Bay, Cedar Bay, Devlin, and Joe Mann
  • The initial high-grade Golden Eye resource contains:
    • Indicated: 91 koz @ 5.6 g/t AuEq
    • Inferred: 182 koz @ 4.6 g/t AuEq
  • The 78% tonnage increase in M&I Resources will underpin an updated Scoping Study / Preliminary Economic Assessment ("PEA"), which will also reflect the significant increase in commodity prices on the economics of the Project since the 2022 PEA completed by Doré Copper 1
  • Today's announcement demonstrates proven upside at the Chibougamau Project with two diamond drill rigs still turning and additional potential to add to the resource base
  • Chibougamau Project is a premier near-term development copper-gold opportunity with established infrastructure including a 900 ktpa processing facility, sealed highway, airport, regional rail infrastructure, and 25 kV hydro power to the processing site
  • The Project has excellent metallurgy with test work recoveries of up to 98.2% producing a high-quality clean copper concentrate of up to 29.6% 2
  • Cygnus is continuing to generate an exciting pipeline of exploration targets using its in-house AI-driven solution for the compilation of historic drill logs and maps; This work has proven highly successful and has helped deliver the initial Golden Eye MRE
  • The Company remains fully funded to drive further growth and the ongoing study work with A$23M cash at 30 June 2025
  • A new fly through video and resource presentation will be available in the coming week, given the finalisation of the MRE as announced today

Cygnus Executive Chairman David Southam said: "Within just nine months of acquiring the Chibougamau Project, we have been able to deliver a significant resource upgrade with substantial scope for further growth.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Silver47 Announces Closing of $23 Million Brokered LIFE Financing, Including Full Exercise of the Over-Allotment Option

Silver47 Announces Closing of $23 Million Brokered LIFE Financing, Including Full Exercise of the Over-Allotment Option

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce the closing of its previously announced brokered private placement (the "Offering") of units (each, a "Unit") at a price of $0.70 per Unit for aggregate gross proceeds of $23,000,460, including the full exercise of the over-allotment option.

The Offering was led by Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Eventus Capital Corp. and Haywood Securities Inc. (collectively, the "Agents").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
GlobeTrotters Resource Group Inc. Announces Filing of Updated Early Warning Report

GlobeTrotters Resource Group Inc. Announces Filing of Updated Early Warning Report

GlobeTrotters Resource Group Inc. ("GlobeTrotters" or the "Acquiror") announces that, on September 15, 2025, GlobeTrotters disposed of ownership of an aggregate of 1,428,000 common shares (the "Shares") of Forte Minerals Corp. ("Forte" or the "Issuer") at an approximate price of $0.75 per Share pursuant to certain market sales over the facilities of the TSX Venture Exchange (the "Disposition").

Immediately prior to the completion of the Disposition, the Acquiror owned a total of 6,298,333 Shares, representing approximately 9.59% of the issued and outstanding Shares on a non-diluted basis.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Heritage Mining Confirms New Gold Mineralization at the Scattergood Project

Heritage Mining Confirms New Gold Mineralization at the Scattergood Project

(TheNewswire)

VANCOUVER, BC TheNewswire - September 16, 2025 - Heritage Mining Ltd. (CSE: HML FRA: Y66) (" Heritage " or the " Company ") is pleased to announce the results from its 2025 prospecting program at its Scattergood Project ("Scattergood") (Figure 1, 2). The Company has confirmed surface gold mineralization in close proximity (~4.5km) to Dynasty Gold's Pelham Deposit (Figure 2).

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Prismo Metals Identifies Porphyry Style Mineralization at Silver King

Prismo Metals Identifies Porphyry Style Mineralization at Silver King

(TheNewswire)

Vancouver, British Columbia TheNewswire - September 15th, 2025 Prismo Metals Inc. (the " Company " ) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to report that its exploration team has identified porphyry style mineralization at its Silver King project located outside the town of Superior in Arizona. Given the proximity of the nearby Resolution Copper deposit (a joint venture between Rio Tinto and BHP), the team is excited about the potential of this same style of mineralization identified at surface within the eastern portion of our claim.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News