Molten Metals Corp announced a non-brokered private placement to issue 6,250,000 units at a price of CAD 0.08 per Unit for gross proceeds of up to CAD 500,000 on May 31, 2023. Each Unit consists of one common share and one common share purchase warrant. Each whole Warrant entitles the holder to acquire an additional common share of the Company at a price of CAD 0.18 per share for 2 years from the date of the closing of the offering, provided that if, at any time prior to expiration of the Warrants, the Company's shares trade on the Canadian Securities Exchange at or above CAD 0.30 per share for a period of 10 consecutive days, the Company may, by issuing a news release or by providing written notice to the Warrant holders, reduce the exercise period to 30 days from the date of such notice.

The Company may pay finder's fees in connection with the financing. Securities issued under the financing will be subject to a four month hold period in accordance with applicable Canadian securities laws.