C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) announced it has entered into an agreement for a $20 million bought deal private placement. The company will issue 18.18 million common shares at $1.10 per share through a syndicate of underwriters led by Paradigm Capital Inc.

The underwriters have been granted an option to purchase up to an additional 2.73 million shares at the same price, which could raise total gross proceeds to $23 million. The underwriters will receive a 6% cash commission on the gross proceeds.

C3 Metals stated it plans to use the net proceeds for exploration and development activities at its wholly-owned Khaleesi Copper-Gold project and its 50%-owned Super Block project, along with general working capital purposes.

The offering is being conducted as a private placement in Canadian provinces and may also be offered in the United States and other jurisdictions under applicable exemptions. Securities issued will be subject to a four-month and one-day hold period following the closing date.

The transaction is expected to close on or about February 11, 2026, subject to regulatory approvals including approval from the TSX Venture Exchange. The offering may constitute a related party transaction if company insiders participate, though the company expects to rely on exemptions under applicable securities regulations.

C3 Metals is a mineral exploration company focused on copper and gold deposits, holding approximately 31,000 hectares in Peru's Andahuaylas-Yauri Porphyry-Skarn belt and interests in Jamaica exploration projects.