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NVRO Metals Limited Closes C$35 Million Private Placement with Participation from Strategic Investors to Fund the NTR Acquisition

  • NVRO Metals Limited completed a C$35,000,030 private placement by issuing 269,231,000 units at C$0.13 per unit to fund the acquisition of Northern Territories Resources Pty Ltd (NTR).
  • The brokered portion of the placement was managed by ATB Cormark Capital Markets & Cantor Fitzgerald Canada Corporation as co-lead agents.
  • Three strategic investors, including Hecla Mining, Transamine SA, & KEWA Financial Inc., contributed a combined C$18,500,040 to the placement.
  • A five-year Greens Creek Supply Agreement was signed with Hecla to purchase up to 750,000 tonnes of tailings annually from Alaska for processing at the NVRO Metals Hub.
  • Transamine entered a binding offtake agreement for 100% of oxide copper cathode production & will provide a C$10 million prepayment facility plus a C$5 million working capital facility.
  • A non-binding term sheet with Transamine covers offtake for tailings processing products, additional working capital, & potential future prepayments.
  • The acquisition of NTR, which owns the NVRO Metals Hub site, is expected to close on November 13, 2026, enabling the first industrial deployment of the NVRO Process™.
  • Upon acquisition completion, the Company plans to install the NVRO Process™ & expects near-term copper cathode & cobalt-nickel production by Q4 2027.
  • Proceeds will fund the A$14.6 million specified contribution, environmental bond top-up, payments to BJID & Mr. He, & repayment of secured debt to Evolver.
  • Approximately C$2.695 million of secured debt owed to Evolver was settled by issuing 20,733,185 debt units to Adroit CI Pty Ltd.
  • Each unit issued consists of one common share & one warrant exercisable at C$0.18 per share until November 10, 2029.
  • Securities issued are subject to a four-month & one-day hold period & remain unregistered under U.S. Securities laws.
  • The placement & acquisition remain subject to final acceptance by the TSX Venture Exchange.
Company
NVRO Metals Limited
Keywords
TSX Venture Exchange:NVRO, NVRO Metals Limited, NVRO Metals, NVRO, Hecla Mining, Transamine, KEWA, Private Placement, Critical Minerals, Acquisition, NVRO Metal HUB