BTU Metals Corp. announced a non-brokered private placement 5,500,000 flow through units at a price of CAD 0.09 per unit for gross proceeds of CAD 495,000 on March 10, 2022. Each flow-through unit shall be comprised of one common share of the company issued on a flow-through basis and one-half of one common share purchase warrant to be issued on a non-flow-through basis.

Each whole warrant shall entitle the holder thereof to acquire one common share of the company at a price of CAD 0.15 for a period of 18 months following the closing of the transaction. Finders' fees will be payable in the transaction, subject to the policies of the TSX Venture Exchange. The securities issued under the offering, and any shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

Closing of the transaction is subject to approval of the TSX Venture Exchange.