{"success":true,"data":{"pressRelease":{"id":"84586","rtpr_id":"nACScLtRFa","ticker":"PCA","exchange":"TSX","all_tickers":["PCA"],"title":"Phoenix Metals Corp. Announces Closing of Upsized Initial Public Offering","author":"ACCESSWIRE","published_at":"2026-07-09T13:00:00.977Z","article_body":"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED\nSTATES\n\nVANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / July 9,\n2026 / Phoenix Metals Corp. (TSX:PCA) (\"Phoenix\" or the \"Company\") is pleased\nto announce that it has closed its previously announced, upsized initial\npublic offering (the \"Offering\") of 34,000,000 Class A common shares (the\n\"Common Shares\") of the Company at a price of $1.25 per Common Share (the\n\"Offering Price\"), for total gross proceeds of $42,500,000.\n\nThe Offering was conducted through a syndicate of underwriters co-led by\nCanaccord Genuity Corp. and National Bank Financial Inc., as joint-lead\nmanagers and joint bookrunners, and including Haywood Securities Inc. and RBC\nDominion Securities Inc. (collectively, the \"Underwriters\").\n\nIn connection with the Offering, the Company granted the Underwriters an\nover-allotment option (the \"Over-Allotment Option\"), exercisable in whole or\nin part at any time up to 30 days following closing of the Offering, to\npurchase up to an additional 5,100,000 Common Shares at the Offering Price to\ncover over-allotments, if any, and for market stabilization purposes. The\nOver-Allotment Option remains unexercised as of the date of this press\nrelease. If the Over-Allotment Option is exercised in full, the Offering would\nraise aggregate gross proceeds of $48,875,000.\n\nThe Common Shares of the Company are listed on the Toronto Stock Exchange\nunder the symbol \"PCA\".\n\nThe Offering was completed pursuant to Phoenix's supplemented PREP prospectus\ndated July 2, 2026 (the \"Supplemented Prospectus\"), filed with the securities\nregulatory authorities in each of the provinces of Canada, except Québec, a\ncopy of which is available under the Company's profile on SEDAR+ at\nwww.sedarplus.ca.\n\nCertain insiders of the Company subscribed for an aggregate of 3,156,000\nCommon Shares under the Offering, which constituted a \"related party\ntransaction\" within the meaning of Multilateral Instrument 61-101 - Protection\nof Minority Security Holders in Special Transactions (\"MI 61-101\"). The\nCompany relied on exemptions from the formal valuation requirements of MI\n61-101 pursuant to section 5.5(a) and the minority shareholder approval\nrequirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such\ninsider participation, as the fair market value of the transaction involving\ninterested parties did not exceed 25% of the Company's market capitalization.\nThe Company did not file a material change report in respect of the related\nparty transaction at least 21 days before the closing of the Offering, which\nthe Company deems reasonable in the circumstances, as the insider\nparticipation had not been confirmed at that time and the Company wished to\nclose the Offering in an expeditious manner.\n\nNo securities regulatory authority has reviewed or approved the contents of\nthis press release. This press release does not constitute an offer to sell or\nthe solicitation of an offer to buy any of these securities in any\njurisdiction in which the offering, solicitation or sale is not permitted.\n\nThe Common Shares have not been and will not be registered under the United\nStates Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any\nstate securities laws, and may not be offered, sold or delivered, directly or\nindirectly, in the \"United States\" (as defined in Regulation S under the U.S.\nSecurities Act), unless exemptions from the registration requirements of the\nU.S. Securities Act and applicable state securities laws are available.\n\nUnless otherwise indicated, all references to dollar amounts in this press\nrelease are to Canadian dollars.\n\nAbout Phoenix Metals Corp.\n\nPhoenix Metals Corp. is a Canadian mineral exploration company focused on the\nexploration and development of gold-copper deposits in south-central British\nColumbia. The Company's principal asset is the Greenwood Project, comprising\nthe Lexington, Golden Crown, Blue Bell, Phoenix, Tam O'Shanter, and Boundary\nFalls and Haas Creek properties located between the Towns of Greenwood and\nGrand Forks, British Columbia, and consisting of 156 active mineral claims,\nfour mining leases, and 211 Crown Granted parcels.\n\nON BEHALF OF PHOENIX METALS CORP.\n\nChris Lodder\n\nChair of the Board of Directors\n\nFor Further Information Please Contact:\n\nCarly Church\nChief Operating Officer\nPhone: (604)-220-0404\nEmail: CarlyC@phoenixmetalscorp.com\n\nForward Looking Information\n\nThis press release contains \"forward-looking information\" and \"forward-looking\nstatements\" within the meaning of applicable securities laws. Forward-looking\nstatements can be identified by words such as: \"anticipate,\" \"intend,\" \"plan,\"\n\"goal,\" \"seek,\" \"believe,\" \"project,\" \"estimate,\" \"expect,\" \"strategy,\"\n\"future,\" \"likely,\" \"may,\" \"should,\" \"will\" and similar references to future\nperiods. Examples of forward-looking statements include, among others,\nstatements regarding the Offering and the potential exercise of the\nOver-Allotment Option.\n\nForward-looking statements are neither historical facts nor assurances of\nfuture performance. Instead, they are based only on the Company's current\nbeliefs, expectations and assumptions regarding the future of the Company's\nbusiness, future plans and strategies, projections, anticipated events and\ntrends, the economy and other future conditions. Because forward-looking\nstatements relate to the future, they are subject to inherent uncertainties,\nrisks, and changes in circumstances that are difficult to predict and many of\nwhich are outside of the Company's control. The Company's actual results and\nfinancial condition may differ materially from those indicated in the\nforward-looking statements. Therefore, readers should not place undue reliance\non any of these forward-looking statements.\n\nImportant factors that could cause the Company's actual results and financial\ncondition to differ materially from those indicated in the forward-looking\nstatements include, among others, the following: the Company's use of the net\nproceeds of the Offering differing from its current intentions, economic and\nfinancial conditions, including volatility in interest and exchange rates,\ncommodity and equity prices and the value of financial assets, continued\nvolatility in the capital markets, the adequacy of the Company's current\nworking capital and the ability of the Company to raise additional funds as\nrequired, the occurrence of hostilities, political instability or catastrophic\nevents, developments and changes in laws and regulations, including increased\nregulation of the mineral exploration and development industries through\nlegislative and other regulator action, closures or slowdowns and changes in\nlabour costs and labour difficulties, including affecting any future\nexploration or development of the Company's projects, the inability of the\nCompany to expand or identify additional mineral resources on its assets,\nfailure to convert any estimated mineral resources to reserves, the inability\nof the Company to complete a feasibility study which recommends a production\ndecision, the uncertainty inherent in any future exploration or other results,\ndelays in obtaining or failures to obtain required governmental, environmental\nor other project approvals necessary for the Company's business plans, and\nother risks inherent in the mineral exploration and development industry, and\nother factors discussed under \"Risk Factors\" in the Supplemented Prospectus.\n\nAny forward-looking statement made in this press release is based only on\ninformation currently available to the Company and speaks only as of the date\non which it is made. Except as required by applicable securities laws, the\nCompany undertakes no obligation to publicly update any forward-looking\nstatement, whether written or oral, that may be made from time to time,\nwhether because of new information, future developments or otherwise.\n\nSOURCE: Phoenix Metals Corp.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/phoenix-metals-corp.-announces-closing-of-upsized-initial-public-offering-1188730)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACScLtRFa","title":"Phoenix Metals Corp. Announces Closing of Upsized Initial Public Offering","author":"ACCESSWIRE","ticker":"PCA","created":"2026-07-09T13:00:00.977Z","tickers":["PCA"],"exchange":"TSX","article_body":"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED\nSTATES\n\nVANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / July 9,\n2026 / Phoenix Metals Corp. (TSX:PCA) (\"Phoenix\" or the \"Company\") is pleased\nto announce that it has closed its previously announced, upsized initial\npublic offering (the \"Offering\") of 34,000,000 Class A common shares (the\n\"Common Shares\") of the Company at a price of $1.25 per Common Share (the\n\"Offering Price\"), for total gross proceeds of $42,500,000.\n\nThe Offering was conducted through a syndicate of underwriters co-led by\nCanaccord Genuity Corp. and National Bank Financial Inc., as joint-lead\nmanagers and joint bookrunners, and including Haywood Securities Inc. and RBC\nDominion Securities Inc. (collectively, the \"Underwriters\").\n\nIn connection with the Offering, the Company granted the Underwriters an\nover-allotment option (the \"Over-Allotment Option\"), exercisable in whole or\nin part at any time up to 30 days following closing of the Offering, to\npurchase up to an additional 5,100,000 Common Shares at the Offering Price to\ncover over-allotments, if any, and for market stabilization purposes. The\nOver-Allotment Option remains unexercised as of the date of this press\nrelease. If the Over-Allotment Option is exercised in full, the Offering would\nraise aggregate gross proceeds of $48,875,000.\n\nThe Common Shares of the Company are listed on the Toronto Stock Exchange\nunder the symbol \"PCA\".\n\nThe Offering was completed pursuant to Phoenix's supplemented PREP prospectus\ndated July 2, 2026 (the \"Supplemented Prospectus\"), filed with the securities\nregulatory authorities in each of the provinces of Canada, except Québec, a\ncopy of which is available under the Company's profile on SEDAR+ at\nwww.sedarplus.ca.\n\nCertain insiders of the Company subscribed for an aggregate of 3,156,000\nCommon Shares under the Offering, which constituted a \"related party\ntransaction\" within the meaning of Multilateral Instrument 61-101 - Protection\nof Minority Security Holders in Special Transactions (\"MI 61-101\"). The\nCompany relied on exemptions from the formal valuation requirements of MI\n61-101 pursuant to section 5.5(a) and the minority shareholder approval\nrequirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such\ninsider participation, as the fair market value of the transaction involving\ninterested parties did not exceed 25% of the Company's market capitalization.\nThe Company did not file a material change report in respect of the related\nparty transaction at least 21 days before the closing of the Offering, which\nthe Company deems reasonable in the circumstances, as the insider\nparticipation had not been confirmed at that time and the Company wished to\nclose the Offering in an expeditious manner.\n\nNo securities regulatory authority has reviewed or approved the contents of\nthis press release. This press release does not constitute an offer to sell or\nthe solicitation of an offer to buy any of these securities in any\njurisdiction in which the offering, solicitation or sale is not permitted.\n\nThe Common Shares have not been and will not be registered under the United\nStates Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any\nstate securities laws, and may not be offered, sold or delivered, directly or\nindirectly, in the \"United States\" (as defined in Regulation S under the U.S.\nSecurities Act), unless exemptions from the registration requirements of the\nU.S. Securities Act and applicable state securities laws are available.\n\nUnless otherwise indicated, all references to dollar amounts in this press\nrelease are to Canadian dollars.\n\nAbout Phoenix Metals Corp.\n\nPhoenix Metals Corp. is a Canadian mineral exploration company focused on the\nexploration and development of gold-copper deposits in south-central British\nColumbia. The Company's principal asset is the Greenwood Project, comprising\nthe Lexington, Golden Crown, Blue Bell, Phoenix, Tam O'Shanter, and Boundary\nFalls and Haas Creek properties located between the Towns of Greenwood and\nGrand Forks, British Columbia, and consisting of 156 active mineral claims,\nfour mining leases, and 211 Crown Granted parcels.\n\nON BEHALF OF PHOENIX METALS CORP.\n\nChris Lodder\n\nChair of the Board of Directors\n\nFor Further Information Please Contact:\n\nCarly Church\nChief Operating Officer\nPhone: (604)-220-0404\nEmail: CarlyC@phoenixmetalscorp.com\n\nForward Looking Information\n\nThis press release contains \"forward-looking information\" and \"forward-looking\nstatements\" within the meaning of applicable securities laws. Forward-looking\nstatements can be identified by words such as: \"anticipate,\" \"intend,\" \"plan,\"\n\"goal,\" \"seek,\" \"believe,\" \"project,\" \"estimate,\" \"expect,\" \"strategy,\"\n\"future,\" \"likely,\" \"may,\" \"should,\" \"will\" and similar references to future\nperiods. Examples of forward-looking statements include, among others,\nstatements regarding the Offering and the potential exercise of the\nOver-Allotment Option.\n\nForward-looking statements are neither historical facts nor assurances of\nfuture performance. Instead, they are based only on the Company's current\nbeliefs, expectations and assumptions regarding the future of the Company's\nbusiness, future plans and strategies, projections, anticipated events and\ntrends, the economy and other future conditions. Because forward-looking\nstatements relate to the future, they are subject to inherent uncertainties,\nrisks, and changes in circumstances that are difficult to predict and many of\nwhich are outside of the Company's control. The Company's actual results and\nfinancial condition may differ materially from those indicated in the\nforward-looking statements. Therefore, readers should not place undue reliance\non any of these forward-looking statements.\n\nImportant factors that could cause the Company's actual results and financial\ncondition to differ materially from those indicated in the forward-looking\nstatements include, among others, the following: the Company's use of the net\nproceeds of the Offering differing from its current intentions, economic and\nfinancial conditions, including volatility in interest and exchange rates,\ncommodity and equity prices and the value of financial assets, continued\nvolatility in the capital markets, the adequacy of the Company's current\nworking capital and the ability of the Company to raise additional funds as\nrequired, the occurrence of hostilities, political instability or catastrophic\nevents, developments and changes in laws and regulations, including increased\nregulation of the mineral exploration and development industries through\nlegislative and other regulator action, closures or slowdowns and changes in\nlabour costs and labour difficulties, including affecting any future\nexploration or development of the Company's projects, the inability of the\nCompany to expand or identify additional mineral resources on its assets,\nfailure to convert any estimated mineral resources to reserves, the inability\nof the Company to complete a feasibility study which recommends a production\ndecision, the uncertainty inherent in any future exploration or other results,\ndelays in obtaining or failures to obtain required governmental, environmental\nor other project approvals necessary for the Company's business plans, and\nother risks inherent in the mineral exploration and development industry, and\nother factors discussed under \"Risk Factors\" in the Supplemented Prospectus.\n\nAny forward-looking statement made in this press release is based only on\ninformation currently available to the Company and speaks only as of the date\non which it is made. Except as required by applicable securities laws, the\nCompany undertakes no obligation to publicly update any forward-looking\nstatement, whether written or oral, that may be made from time to time,\nwhether because of new information, future developments or otherwise.\n\nSOURCE: Phoenix Metals Corp.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/phoenix-metals-corp.-announces-closing-of-upsized-initial-public-offering-1188730)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-07-09T13:00:01.056855492Z","server_sent_at_ms":1783602001056},"received_at":"2026-07-09T13:00:01.124Z","source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/phoenix-metals-corp.-announces-closing-of-upsized-initial-public-offering-1188730"},"analysis":{"id":"73647","press_release_id":"84586","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Shares not registered under US Securities Act; restricted for US investors","Insider participation in IPO (3.16M shares) relied on exemptions from formal valuation and minority approval"],"eventType":"offering","narrative":"Phoenix Metals Corp. closed its upsized initial public offering of 34 million Class A common shares at $1.25 CAD per share, raising $42.5 million in gross proceeds.\n\nThe offering was co-led by Canaccord Genuity and National Bank Financial, with an unexercised over-allotment option for an additional 5.1 million shares that would raise up to $48.9 million.\n\nInsiders subscribed for 3.16 million shares in a related-party transaction exempt from formal valuation requirements, and the shares are listed on the TSX but not registered for sale in the United States.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Junior explorer PCA closes upsized IPO for $42.5M CAD to fund exploration at Greenwood Project."},"keyFigures":{"dealValueUsd":42500000,"offeringPrice":1.25,"sharesOffered":34000000,"customDimensions":{"currency":"CAD","over_allotment_shares":5100000,"over_allotment_proceeds":48875000,"insider_shares_subscribed":3156000}},"quotedText":"Phoenix Metals Corp. is a Canadian mineral exploration company focused on the exploration and development of gold-copper deposits in south-central British Columbia.","namedEntities":{"people":[{"name":"Chris Lodder","role":"Chair of the Board of Directors"},{"name":"Carly Church","role":"Chief Operating Officer"}],"products":["Greenwood Project","Lexington","Golden Crown","Blue Bell","Phoenix","Tam O'Shanter","Boundary Falls","Haas Creek"],"companies":[{"name":"Phoenix Metals Corp.","ticker":"PCA","relationship":"filer"},{"name":"Canaccord Genuity Corp.","relationship":"underwriter"},{"name":"National Bank Financial Inc.","relationship":"underwriter"},{"name":"Haywood Securities Inc.","relationship":"underwriter"},{"name":"RBC Dominion Securities Inc.","relationship":"underwriter"}],"dollarAmounts":[{"amount":"$1.25","context":"Offering Price per share"},{"amount":"$42,500,000","context":"Total gross proceeds"},{"amount":"$48,875,000","context":"Aggregate gross proceeds if over-allotment exercised"}]},"materialImpact":{"score":3,"reasoning":"Closing of an upsized IPO is a standard capital-raising event for a junior explorer. It provides necessary working capital but does not represent a strategic inflection point like M&A or production start. The insider participation and lack of US registration are standard for this tier."},"tickerRelevance":{"others":[],"primary":"PCA"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"standard_ipo_closing","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"event_type":"offering","event_type_secondary":null,"sentiment":"neutral","material_impact_score":3,"narrative":"Phoenix Metals Corp. closed its upsized initial public offering of 34 million Class A common shares at $1.25 CAD per share, raising $42.5 million in gross proceeds.\n\nThe offering was co-led by Canaccord Genuity and National Bank Financial, with an unexercised over-allotment option for an additional 5.1 million shares that would raise up to $48.9 million.\n\nInsiders subscribed for 3.16 million shares in a related-party transaction exempt from formal valuation requirements, and the shares are listed on the TSX but not registered for sale in the United States.","key_figures":{"dealValueUsd":42500000,"offeringPrice":1.25,"sharesOffered":34000000,"customDimensions":{"currency":"CAD","over_allotment_shares":5100000,"over_allotment_proceeds":48875000,"insider_shares_subscribed":3156000}},"named_entities":{"people":[{"name":"Chris Lodder","role":"Chair of the Board of Directors"},{"name":"Carly Church","role":"Chief Operating Officer"}],"products":["Greenwood Project","Lexington","Golden Crown","Blue Bell","Phoenix","Tam O'Shanter","Boundary Falls","Haas Creek"],"companies":[{"name":"Phoenix Metals Corp.","ticker":"PCA","relationship":"filer"},{"name":"Canaccord Genuity Corp.","relationship":"underwriter"},{"name":"National Bank Financial Inc.","relationship":"underwriter"},{"name":"Haywood Securities Inc.","relationship":"underwriter"},{"name":"RBC Dominion Securities Inc.","relationship":"underwriter"}],"dollarAmounts":[{"amount":"$1.25","context":"Offering Price per share"},{"amount":"$42,500,000","context":"Total gross proceeds"},{"amount":"$48,875,000","context":"Aggregate gross proceeds if over-allotment exercised"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-09T13:04:10.115Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"standard_ipo_closing","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"durationMs":79180,"modelName":"george-droid-qwen-72b"}}