Giga Metals Corp. has successfully closed the first tranche of its non-brokered private placement financing, raising gross proceeds of $466,414 through the sale of flow-through and hard dollar units. The offering includes common shares and warrants that are exercisable at $0.11 for three years. Proceeds will be used to advance the Turnagain project and other Canadian properties. A second tranche is expected to close on or about August 13, 2025, subject to regulatory approvals. Finders fees were paid on a portion of the units, totaling $24,738 in cash. The company’s core asset is the Turnagain Project, which contains significant nickel and cobalt resources.

Read more at GlobeNewswire: Giga Metals Completes First Tranche of Private Placement