{"id":63513,"date":"2026-03-06T17:29:00","date_gmt":"2026-03-06T11:59:00","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/"},"modified":"2026-03-20T09:24:42","modified_gmt":"2026-03-20T03:54:42","slug":"metalsource-mining-closes-6-million-private-placement","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/","title":{"rendered":"Metalsource Mining Closes $6 Million Private Placement"},"content":{"rendered":"

<\/p>\n

Vancouver, British Columbia–(Newsfile Corp. – March 6, 2026) – METALSOURCE MINING INC.\u00a0(CSE: MSM) (OTCQB: SFRIF) (FSE: E9Z)\u00a0(the “Company<\/b>” or “Metalsource<\/b>“) is pleased to announce that, further to its news releases dated February 10, 2026, it has closed the non-brokered private placement for total gross proceeds of $5,999,998.50 (the “Offering<\/b>“).<\/p>\n

The Company has allotted and issued 7,999,998 units (the “Units”) at a price of $0.75 per Unit. Each unit consists of one common share of the Company (the “Shares”) and one-half of one transferable share purchase warrant (each whole, a “Warrant”), with each Warrant entitling the holder to acquire one additional common share at an exercise price of $1.00 for a period of three (3) years from the closing date.<\/p>\n

The Units issued pursuant to the Offering are subject to a four-month and one day hold period from the date of issuance under applicable Canadian securities laws. No finder’s fees were paid in connection with the Offering.<\/p>\n

Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 1,333,333 Units pursuant to the Offering for total consideration of $1,000,000.<\/p>\n

The Company intends to use the proceeds of the Offering to advance exploration at the Silver Hill and Byrd-Pilot projects in North Carolina, and for general working capital.<\/p>\n

About Metalsource Mining Inc.<\/b><\/p>\n

Metalsource Mining Inc. is a Canadian mineral exploration company focused on advancing high-potential mineral assets through modern, systematic exploration and value-driven discovery.<\/p>\n

For more information, please refer to SEDAR+ (www.sedarplus.ca<\/a>), under the Company’s profile.<\/p>\n

ON BEHALF OF THE BOARD OF DIRECTORS <\/b><\/p>\n

Joseph Cullen, Chief Executive Officer and Director<\/p>\n

\n

For more information, please contact:
\nMr. Joseph Cullen
\nPhone: 778-919-8615
\nEmail: jpacullen@gmail.com<\/a>
\nWebsite: https:\/\/www.metalsourcemining.com<\/a><\/p>\n<\/div>\n

Cautionary Note About Forward-Looking Statements <\/b><\/u>
\nThis news release may include forward-looking statements that are subject to risks and uncertainties. By its nature, this information is subject to \u200e\u200einherent risks and \u200e\u200euncertainties that may be general or specific and which give rise to the possibility that \u200e\u200eexpectations, \u200e\u200eforecasts, predictions, projections, or conclusions will not prove to be accurate, that \u200e\u200eassumptions may not \u200e\u200ebe correct, and that objectives, strategic goals and priorities will not be achieved. \u200e\u200eThese risks and \u200e\u200euncertainties include but are not limited those identified and reported in the Company’s \u200e\u200epublic filings \u200e\u200eunder the Company’s SEDAR+ profile at <\/i>www.sedarplus.ca<\/i><\/a>. Although the Company has \u200e\u200eattempted to identify \u200e\u200eimportant factors that could cause actual actions, events, or results to differ \u200e\u200ematerially from those \u200e\u200edescribed in forward-looking information, there may be other factors that cause \u200e\u200eactions, events or \u200e\u200eresults not to be as anticipated, estimated or intended. There can be no assurance that \u200e\u200esuch information \u200e\u200ewill prove to be accurate as actual results and future events could differ materially from \u200e\u200ethose \u200e\u200eanticipated in such statements. The Company disclaims any intention or obligation to update or \u200e\u200erevise any \u200e\u200eforward-looking information, whether as a result of new information, future events or \u200e\u200eotherwise unless \u200e\u200erequired by law.\u200e <\/i><\/p>\n

Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.<\/b><\/i><\/p>\n

To view the source version of this press release, please visit https:\/\/www.newsfilecorp.com\/release\/286448<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Vancouver, British Columbia–(Newsfile Corp. – March 6, 2026) – METALSOURCE MINING INC.\u00a0(CSE: MSM) (OTCQB: SFRIF) (FSE: E9Z)\u00a0(the “Company” or “Metalsource“) is pleased to announce that, further to its news releases dated February 10, 2026, it has closed the non-brokered private placement for total gross proceeds of $5,999,998.50 (the “Offering“). The Company has allotted and issued …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32016],"tags":[31959],"class_list":["post-63513","post","type-post","status-publish","format-standard","","category-press-releases","tag-metalsource-mining"],"yoast_head":"\nMetalsource Mining Closes $6 Million Private Placement - Matribhumi Samachar English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Metalsource Mining Closes $6 Million Private Placement - Matribhumi Samachar English\" \/>\n<meta property=\"og:description\" content=\"Vancouver, British Columbia–(Newsfile Corp. – March 6, 2026) – METALSOURCE MINING INC.\u00a0(CSE: MSM) (OTCQB: SFRIF) (FSE: E9Z)\u00a0(the “Company” or “Metalsource“) is pleased to announce that, further to its news releases dated February 10, 2026, it has closed the non-brokered private placement for total gross proceeds of $5,999,998.50 (the “Offering“). The Company has allotted and issued …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/\" \/>\n<meta property=\"og:site_name\" content=\"Matribhumi Samachar English\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-06T11:59:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-20T03:54:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/api.newsfilecorp.com\/newsinfo\/286448\/511\" \/>\n<meta name=\"author\" content=\"Saransh Kanaujia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saransh Kanaujia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/\",\"url\":\"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/\",\"name\":\"Metalsource Mining Closes $6 Million Private Placement - Matribhumi Samachar English\",\"isPartOf\":{\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#website\"},\"datePublished\":\"2026-03-06T11:59:00+00:00\",\"dateModified\":\"2026-03-20T03:54:42+00:00\",\"author\":{\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/0a61403f4baf9627e92218b53a1e65f1\"},\"breadcrumb\":{\"@id\":\"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/matribhumisamachar.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Metalsource Mining Closes $6 Million Private Placement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#website\",\"url\":\"https:\/\/matribhumisamachar.com\/en\/\",\"name\":\"Matribhumi Samachar English\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/matribhumisamachar.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/0a61403f4baf9627e92218b53a1e65f1\",\"name\":\"Saransh Kanaujia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/45a8b03a1b1bb8255014f5e62f9cfea0eb8a9f7a6a604f9879038df08da23cea?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/45a8b03a1b1bb8255014f5e62f9cfea0eb8a9f7a6a604f9879038df08da23cea?s=96&d=mm&r=g\",\"caption\":\"Saransh Kanaujia\"},\"description\":\"Saransh Kanaujia is currently editor of Matribhumi Samachar Group. He earlier worked with Hindusthan Samachar News Agency. He is also associated with many organizations.\",\"sameAs\":[\"https:\/\/matribhumisamachar.com\/en\"],\"url\":\"https:\/\/matribhumisamachar.com\/en\/author\/matribhumisamachar\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Metalsource Mining Closes $6 Million Private Placement - Matribhumi Samachar English","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/","og_locale":"en_US","og_type":"article","og_title":"Metalsource Mining Closes $6 Million Private Placement - Matribhumi Samachar English","og_description":"Vancouver, British Columbia–(Newsfile Corp. – March 6, 2026) – METALSOURCE MINING INC.\u00a0(CSE: MSM) (OTCQB: SFRIF) (FSE: E9Z)\u00a0(the “Company” or “Metalsource“) is pleased to announce that, further to its news releases dated February 10, 2026, it has closed the non-brokered private placement for total gross proceeds of $5,999,998.50 (the “Offering“). The Company has allotted and issued …","og_url":"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/","og_site_name":"Matribhumi Samachar English","article_published_time":"2026-03-06T11:59:00+00:00","article_modified_time":"2026-03-20T03:54:42+00:00","og_image":[{"url":"https:\/\/api.newsfilecorp.com\/newsinfo\/286448\/511"}],"author":"Saransh Kanaujia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Saransh Kanaujia","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/","url":"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/","name":"Metalsource Mining Closes $6 Million Private Placement - Matribhumi Samachar English","isPartOf":{"@id":"https:\/\/matribhumisamachar.com\/en\/#website"},"datePublished":"2026-03-06T11:59:00+00:00","dateModified":"2026-03-20T03:54:42+00:00","author":{"@id":"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/0a61403f4baf9627e92218b53a1e65f1"},"breadcrumb":{"@id":"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/matribhumisamachar.com\/en\/2026\/03\/06\/metalsource-mining-closes-6-million-private-placement\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/matribhumisamachar.com\/en\/"},{"@type":"ListItem","position":2,"name":"Metalsource Mining Closes $6 Million Private Placement"}]},{"@type":"WebSite","@id":"https:\/\/matribhumisamachar.com\/en\/#website","url":"https:\/\/matribhumisamachar.com\/en\/","name":"Matribhumi Samachar English","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/matribhumisamachar.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/0a61403f4baf9627e92218b53a1e65f1","name":"Saransh Kanaujia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/45a8b03a1b1bb8255014f5e62f9cfea0eb8a9f7a6a604f9879038df08da23cea?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/45a8b03a1b1bb8255014f5e62f9cfea0eb8a9f7a6a604f9879038df08da23cea?s=96&d=mm&r=g","caption":"Saransh Kanaujia"},"description":"Saransh Kanaujia is currently editor of Matribhumi Samachar Group. He earlier worked with Hindusthan Samachar News Agency. He is also associated with many organizations.","sameAs":["https:\/\/matribhumisamachar.com\/en"],"url":"https:\/\/matribhumisamachar.com\/en\/author\/matribhumisamachar\/"}]}},"_links":{"self":[{"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/63513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/comments?post=63513"}],"version-history":[{"count":1,"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/63513\/revisions"}],"predecessor-version":[{"id":63623,"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/63513\/revisions\/63623"}],"wp:attachment":[{"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media?parent=63513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/categories?post=63513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/tags?post=63513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}