Halcones Precious Metals Raises CA$1 Million in Total After Closing Final Tranche of Private Placement

07:48 AM EST, 11/03/2026 (MT Newswires) -- Halcones Precious Metals (HPM.V) closed the final tranche of its non-brokered private placement of units raising CA$1 million in total, it said in a statement on Tuesday. The final tranche consisted of the issuance of 9-million units at CA$0.05 apiece for CA$450,000. Each unit consists of one common share and one two-year warrant, with each warrant entitling the holder to buy a share for CA$0.05. Proceeds will be used to obtain the surface rights to the Polaris project located in Chile's prolific Antofagasta Region, to continue exploration work on the project, and for general corporate working capital needs, it said. The company's shares last traded Oct. 30, closing at CA$0.035 on the TSX Venture Exchange.