York Harbour Metals: Fueling Growth with Private Placement of Units

York Harbour Metals Inc. (CSE: YORK) (OTCQB: YORKF) has announced a non-brokered private placement financing of up to 6,000,000 units ("Units") at $0.05 per Unit, raising gross proceeds of up to $300,000. Each Unit consists of one common share and one transferable warrant, exercisable into one common share at $0.075 per common share for 5 years from closing. This strategic move aligns with the company's long-term growth strategy, focusing on exploration and development of its high-grade projects in Newfoundland.

The private placement is led by Mr. Blair Naughty, CEO and President of York Harbour Metals, who anticipates increasing his equity stake in the company from 14.8% to approximately 20% upon completion. This strong show of support from the company's leadership underscores the potential of York Harbour's projects and the broader investment community's confidence in the company's prospects.

The funds raised from the private placement will be used for exploration and development of the York Harbour Copper-Zinc-Silver Project, located approximately 27 km from Corner Brook, Newfoundland. The project, a Cyprus-style volcanogenic massive sulphide exploration target, has a rich history of copper, zinc, and silver production. The proceeds will also support general working capital purposes, enabling the company to aggressively pursue high-priority targets and advance its exploration efforts.

In addition to the York Harbour Project, York Harbour Metals holds a 100%-interest in the Bottom Brook Rare Earth Elements Project, covering 15,150 hectares, situated next to the Trans-Canada Highway and only 27 km from a deep-water port at Turf Point, Newfoundland. The funds raised will also enable the company to undertake a more thorough analysis of the Bottom Brook Project, maximizing value from both assets.



The timing of this financing is strategic, as the company recently closed the first milestone of an Option Agreement with Firetail Resources Limited on the York Harbour Copper-Zinc-Silver Project. The funds raised will enable York Harbour to aggressively pursue high-priority targets on the property, including areas unexplored beyond 300 meters, and advance its exploration efforts in line with its strategic objectives.

In conclusion, York Harbour Metals' private placement of units is a significant step in fueling the company's growth and exploration efforts. With strong leadership support and a focus on high-grade projects in Newfoundland, York Harbour is well-positioned to capitalize on the potential of its mineral properties and create value for shareholders. As the company continues to advance its projects, investors should keep a close eye on York Harbour Metals' progress and the potential opportunities that lie ahead.