A private placement of 400,000 units at $12.50 each will net $4.7 million for International Curator (TSE) after commissions.
The units include a share and half a warrant, with each whole warrant good for the purchase of an additional share at $13 for a 2-year period.
Proceeds will be used to fund an ongoing feasibility study at the Boleo copper-cobalt project in Mexico.
Preliminary estimates sized the Boleo resource at 537.6 million tonnes grading 0.73% copper and 0.054% cobalt based on a 0% cutoff grade.
Raising the cutoff grade to 1% copper-equivalent causes the resource to drop to 373.8 million tonnes grading 0.96% copper and 0.071% cobalt.
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