Wayfinder Metals Corp. (CSE: WMC), formerly known as Westmount Minerals Corp., has announced the successful completion of its recent offering. The company raised $1,048,535 through the sale of 8,737,795 units each priced at $0.12. This capital injection will support Wayfinder’s ongoing efforts to acquire high-quality base and precious metal assets worldwide.
The offering, initially announced on July 7, 2026 included the issuance of 234,510 finder’s warrants to eligible finders. Each finder’s warrant entitles the holder to purchase one common share of Wayfinder at $0.12 per share for up to two years from the date of issuance. The company also paid $28,141 in cash to finders for certain units sold.
Use of Proceeds and Insider Participation
The net proceeds from the offering will be used for general working capital requirements. Notably, certain insiders of Wayfinder, including directors and officers, participated in the offering. These insiders acquired a total of 759,167 units constituting a related party transaction under Multilateral Instrument 61-101 (MI 61-101). However, Wayfinder is relying on exemptions from the formal valuation and minority shareholder approval requirements, as the fair market value of the subscription does not exceed 25% of the company’s market capitalization.
All securities issued in connection with the offering are subject to a hold period until November 16, 2026. The offering did not result in the creation of a new control person, ensuring that the company’s existing governance structure remains intact.
Company Overview and Forward-Looking Information
Wayfinder Metals Corp. is focused on acquiring high-quality base and precious metal assets globally. The company’s strategic initiatives are aimed at expanding its mineral exploration portfolio and enhancing shareholder value. For more information about Wayfinder’s prospects and operations, refer to the company’s prospectus dated February 14, 2026 available on SEDAR+ (www.sedarplus.ca).
It is important to note that this press release contains forward-looking information. Such statements are subject to a variety of risks and uncertainties, including the possibility that the Canadian Securities Exchange (CSE) may object to the offering. Additionally, the proceeds may not be used as stated, and Wayfinder may be unable to satisfy all closing conditions required by the CSE. The company does not undertake to update any forward-looking statements or information except as required by applicable securities laws.
For additional details regarding the offering, please refer to Wayfinder’s news release dated July 7, 2026 available on the company’s SEDAR+ profile (www.sedarplus.ca). Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
