Norra Metals Corp. announced a best efforts basis non-brokered private placement of up to 10,000,000 units at a price of CAD 0.065 per unit for gross proceeds of up to CAD 650,000 on January 17, 2022. Each Unit is comprised of one common share and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one share at a price of CAD 0.12 for a period of 24 months following the date of closing. Closing of the Offering is expected to occur on or about February 15, 2022 and remains subject to a number of conditions, including receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All the securities to be issued will be subject to a hold period of four-months and one-day.

On January 28, 2022, the company announced that it may pay a finder's fee in cash, warrants convertible into shares or warrants convertible into units at the 0.065 offering price composed of a common share and warrant exercisable at CAD 0.12 for a two-year term.