Genius Metals Closes First Tranche of Private Placement for a total amount of $700,000

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

MONTRÉAL, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Genius Metals Inc. (TSXV: GENI) ("Genius Metals" or the "Corporation") is pleased to announce the closing of a non-brokered private placement, raising total gross proceeds of $700,000 through the issuance of 8,750,000 units of the Corporation ("Units") at a price of $0.08 per Unit (the "Offering"). The Corporation intends to close a second tranche of financing by the mid-January 2025.

Read more at globenewswire.com