Tectonic Metals Inc. announced a non-brokered private placement of 41,666,667 LIFE Units at a price of CAD 0.06 per unit for gross proceeds CAD 2,500,0000 and 8,333,333 hold Units at a price of CAD 0.06 per unit for gross proceeds CAD 500,0000 aggregate gross proceeds of up to CAD 3,000,000 on July 15, 2024. The transaction includes participation from led by Crescat Capital LLC. Each unit is comprised of one common share of Tectonic and one-half common share purchase warrant.

The LIFE Units will not be subject to resale restrictions pursuant to applicable Canadian securities laws. The Hold Units will be subject to a statutory hold period of four months in accordance with applicable Canadian securities laws. The Offering is scheduled to close on or about August 15, 2024.

The securities issued pursuant to exemptions from the registration requirements in Regulation D of the U.S. Securities Act of 1933, as amended. Closing is subject to customary conditions, including the conditional acceptance of the TSX Venture Exchange