T2 Metals closes C$1M financing and completes Aurora Project acquisition

T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (FSE: WJ6) announced the completion of the second tranche of its private placement financing and the acquisition of the Aurora Gold-Silver Project in Yukon Territory, Canada.

The company issued 2,019,000 units at C$0.50 per unit, raising gross proceeds of C$1,009,500. Each unit consists of one common share and half of a warrant exercisable at C$0.75 for two years. The total financing has raised C$7,372,631 to date.

T2 Metals completed its option to earn a 100% interest in the 76-square-kilometer Aurora Project. The company issued 400,000 shares and made cash payments totaling C$75,000 for the acquisition. The shares are subject to a four-month hold period from March 25, 2026.

The Aurora Project is located near Dawson City within the Tombstone Gold Belt. Historical drilling at the AJ prospect included results of 4.9 meters at 12.45 grams per tonne gold, 3.4 meters at 24.45 g/t gold, and 3.2 meters at 25.06 g/t gold, according to Golden Predator's 2009 drilling program.

The Golden Wall Prospect showed up to 61 g/t gold in outcrop, with a drill hole returning 2 meters at 3.2 g/t gold. Less than 3,000 meters of drilling has been completed at the project, with no work undertaken for over 15 years.

Company insiders participated in the financing, purchasing 110,000 units. Finder's fees of C$59,650 cash and 119,300 finder's warrants were paid on a portion of the financing. Net proceeds will be used for working capital, project acquisition costs, and exploration activities.

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