Arras Minerals Announces Up to $15 Million Financing

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VANCOUVER, British Columbia, March 20, 2025 (GLOBE NEWSWIRE) -- Arras Minerals Corp. (TSX-V: ARK, OTCQB: ARRKF) (“Arras” or the “Company”) is pleased to announce that it has entered into an agreement with Haywood Securities Inc., on behalf of a syndicate of agents (collectively, the “Agents”), who have agreed to sell, on a commercially reasonable efforts private placement basis, up to 15,295,000 common shares of the Company (“Shares”) at a price of C$0.85 per Share (the “Issue Price”), for aggregate gross proceeds of up to C$13,000,750 (the “Brokered Offering”). In addition, the Company intends to complete a concurrent non-brokered private placement of up to 2,353,000 Shares at the Issue Price for additional gross proceeds of up to C$2,000,050 (the “Non-Brokered Offering”, and together with the Brokered Offering, the “Offering"), on the same terms as the Brokered Offering with certain strategic and existing shareholders.

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