IDEX Metals Announces $7.0 Million Brokered Private Placement Offering of Special Warrants
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VANCOUVER, British Columbia, April 16, 2026 (GLOBE NEWSWIRE) — IDEX Metals Corp. (“IDEX” or the “Company“) (TSXV: IDEX; OTCQB: IDXMF) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. on behalf of a syndicate of agents (the “Agents”) in connection with a brokered private placement of up to 17,500,000 special warrants of the Company (“Special Warrants”) at a price of $0.40 per Special Warrant (the “Offering Price”) for gross proceeds of up to $7,000,000 (the “Offering”).
Each Special Warrant will entitle the holder thereof to acquire, for no additional consideration, one unit of the Company (each, a “Unit“), with each Unit being comprised of one common share in the capital of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share (a “Warrant Share”) at an exercise price of $0.60 per Warrant Share for a period of 24 months from the date of issuance.
The Company has granted the Agents an option (the “Over-Allotment Option“) to offer and sell up to an additional 15% of the number of Special Warrants issued pursuant to the Offering, exercisable at any time up to 48 hours prior to the Closing Date (as defined herein).
The net proceeds from the Offering will be used for exploration and development of the Company’s Freeze Project, including drilling, geophysics, and for general working capital purposes
CEO Clayton Fisher commented: “This financing positions IDEX to build on the 2025 exploration season at Freeze, where our integrated drilling, geophysics, geochemistry and mapping continued to strengthen our understanding of the broader mineralized system. We are excited to return to the field and drill test the porphyry copper target beneath North Breccia, while also advancing the broader Kismet Corridor and generating new drill targets across the Freeze Project. With a growing pipeline of opportunities and increasing confidence in the potential of the project, we believe this financing gives us the flexibility to execute an ambitious 2026 program and continue creating value for shareholders.
Following the Closing Date, the Company will use its commercially reasonable best efforts to prepare and file with the securities regulatory authorities in each of the provinces in which the Special Warrants are sold, and obtain a receipt for, a final short form prospectus (the “Final Prospectus”) qualifying the distribution of the Common Shares and Warrants to be issued upon exercise of the Special Warrants. In the event that the Company has not received a receipt for the Final Prospectus within nine (9) weeks following the Closing Date, each unexercised Special Warrant will thereafter entitle the holder thereof to receive upon the exercise thereof, at no additional consideration, one-and-one-twentieth (1.05) of a Unit (instead of one (1) Unit).
